Quilter Plc Lowers Holdings in The Boeing Company (NYSE:BA)

Quilter Plc decreased its stake in The Boeing Company (NYSE:BAGet Rating) by 7.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,735 shares of the aircraft producer’s stock after selling 130 shares during the quarter. Quilter Plc’s holdings in Boeing were worth $332,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Loomis Sayles & Co. L P raised its holdings in Boeing by 19.8% in the 4th quarter. Loomis Sayles & Co. L P now owns 13,367,929 shares of the aircraft producer’s stock worth $2,691,231,000 after purchasing an additional 2,210,908 shares during the period. BlackRock Inc. raised its holdings in Boeing by 2.9% in the 1st quarter. BlackRock Inc. now owns 31,674,287 shares of the aircraft producer’s stock worth $6,065,627,000 after purchasing an additional 887,382 shares during the period. Renaissance Technologies LLC acquired a new position in Boeing in the 1st quarter worth about $135,429,000. Wellington Management Group LLP raised its holdings in Boeing by 125.0% in the 1st quarter. Wellington Management Group LLP now owns 1,139,143 shares of the aircraft producer’s stock worth $218,147,000 after purchasing an additional 632,913 shares during the period. Finally, Nuveen Asset Management LLC raised its holdings in Boeing by 17.9% in the 4th quarter. Nuveen Asset Management LLC now owns 3,636,168 shares of the aircraft producer’s stock worth $732,033,000 after purchasing an additional 552,493 shares during the period. Hedge funds and other institutional investors own 57.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on BA. JPMorgan Chase & Co. upped their price target on Boeing from $188.00 to $200.00 in a report on Thursday, July 28th. Morgan Stanley upped their price target on Boeing from $215.00 to $233.00 and gave the stock an “overweight” rating in a report on Thursday, September 8th. StockNews.com raised Boeing from a “sell” rating to a “hold” rating in a report on Friday, July 29th. Robert W. Baird reissued an “outperform” rating and set a $245.00 target price on shares of Boeing in a report on Wednesday, September 7th. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $281.00 target price on shares of Boeing in a report on Tuesday, August 23rd. Four analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Boeing currently has an average rating of “Moderate Buy” and an average price target of $220.06.

Boeing Stock Performance

Shares of Boeing stock opened at $149.26 on Thursday. The Boeing Company has a fifty-two week low of $113.02 and a fifty-two week high of $233.94. The stock has a 50 day moving average of $158.16 and a 200 day moving average of $158.01. The firm has a market capitalization of $88.63 billion, a price-to-earnings ratio of -16.68 and a beta of 1.35.

Boeing (NYSE:BAGet Rating) last released its quarterly earnings results on Wednesday, July 27th. The aircraft producer reported ($0.37) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.23). The firm had revenue of $16.68 billion during the quarter, compared to analyst estimates of $17.53 billion. During the same period in the prior year, the company posted $0.40 EPS. The firm’s revenue for the quarter was down 1.9% on a year-over-year basis. Analysts forecast that The Boeing Company will post -1.9 EPS for the current year.

About Boeing

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The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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