The Boeing Company (NYSE:BA) Stock Holdings Decreased by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company reduced its position in The Boeing Company (NYSE:BAGet Rating) by 11.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 486,549 shares of the aircraft producer’s stock after selling 62,780 shares during the period. The Manufacturers Life Insurance Company owned about 0.08% of Boeing worth $93,174,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Ingalls & Snyder LLC boosted its holdings in shares of Boeing by 4.4% during the fourth quarter. Ingalls & Snyder LLC now owns 3,559 shares of the aircraft producer’s stock worth $716,000 after purchasing an additional 150 shares during the period. Advisor Resource Council boosted its holdings in shares of Boeing by 486.6% during the fourth quarter. Advisor Resource Council now owns 6,975 shares of the aircraft producer’s stock worth $1,405,000 after purchasing an additional 5,786 shares during the period. Goelzer Investment Management Inc. boosted its holdings in shares of Boeing by 3.9% during the fourth quarter. Goelzer Investment Management Inc. now owns 3,027 shares of the aircraft producer’s stock worth $609,000 after purchasing an additional 114 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Boeing by 3.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,751,506 shares of the aircraft producer’s stock worth $553,934,000 after purchasing an additional 97,630 shares during the period. Finally, Sequoia Financial Advisors LLC boosted its holdings in shares of Boeing by 505.6% during the fourth quarter. Sequoia Financial Advisors LLC now owns 11,645 shares of the aircraft producer’s stock worth $2,344,000 after purchasing an additional 9,722 shares during the period. 57.10% of the stock is owned by hedge funds and other institutional investors.

Boeing Price Performance

Shares of Boeing stock opened at $149.78 on Friday. The firm has a market capitalization of $88.94 billion, a PE ratio of -16.74 and a beta of 1.35. The company’s fifty day moving average price is $158.42 and its two-hundred day moving average price is $157.95. The Boeing Company has a 52-week low of $113.02 and a 52-week high of $233.94.

Boeing (NYSE:BAGet Rating) last announced its quarterly earnings results on Wednesday, July 27th. The aircraft producer reported ($0.37) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.23). The business had revenue of $16.68 billion for the quarter, compared to analysts’ expectations of $17.53 billion. During the same quarter in the previous year, the business earned $0.40 earnings per share. Boeing’s revenue for the quarter was down 1.9% on a year-over-year basis. Analysts predict that The Boeing Company will post -1.95 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

BA has been the subject of a number of analyst reports. StockNews.com upgraded shares of Boeing from a “sell” rating to a “hold” rating in a research note on Friday, July 29th. Robert W. Baird reiterated an “outperform” rating and issued a $245.00 target price on shares of Boeing in a research note on Wednesday, September 7th. Benchmark reduced their target price on shares of Boeing from $250.00 to $200.00 and set a “buy” rating for the company in a research note on Friday, July 15th. Wells Fargo & Company reduced their target price on shares of Boeing from $214.00 to $210.00 and set an “overweight” rating for the company in a research note on Thursday, July 28th. Finally, Citigroup upgraded shares of Boeing from a “neutral” rating to a “buy” rating and reduced their target price for the company from $219.00 to $209.00 in a research note on Thursday, June 16th. Four investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, Boeing presently has an average rating of “Moderate Buy” and a consensus target price of $220.06.

Boeing Company Profile

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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.

Further Reading

Institutional Ownership by Quarter for Boeing (NYSE:BA)

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