American Century Companies Inc. Raises Stake in The Boeing Company (NYSE:BA)

American Century Companies Inc. boosted its holdings in shares of The Boeing Company (NYSE:BAFree Report) by 8.2% in the third quarter, HoldingsChannel reports. The fund owned 32,714 shares of the aircraft producer’s stock after acquiring an additional 2,480 shares during the period. American Century Companies Inc.’s holdings in Boeing were worth $6,271,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. CNB Bank raised its holdings in Boeing by 106.5% in the third quarter. CNB Bank now owns 128 shares of the aircraft producer’s stock worth $25,000 after buying an additional 66 shares during the last quarter. VisionPoint Advisory Group LLC purchased a new position in Boeing in the second quarter worth about $32,000. True Wealth Design LLC purchased a new position in Boeing in the fourth quarter worth about $33,000. Fortis Capital Advisors LLC grew its stake in shares of Boeing by 100.0% in the first quarter. Fortis Capital Advisors LLC now owns 200 shares of the aircraft producer’s stock worth $42,000 after acquiring an additional 100 shares during the period. Finally, Park Place Capital Corp grew its stake in shares of Boeing by 185.1% in the third quarter. Park Place Capital Corp now owns 211 shares of the aircraft producer’s stock worth $40,000 after acquiring an additional 137 shares during the period. 64.82% of the stock is owned by hedge funds and other institutional investors.

Boeing Price Performance

BA opened at $187.53 on Wednesday. The firm has a market cap of $114.42 billion, a P/E ratio of -50.96, a PEG ratio of 24.80 and a beta of 1.52. The Boeing Company has a 1-year low of $176.25 and a 1-year high of $267.54. The company has a 50 day simple moving average of $201.07 and a two-hundred day simple moving average of $210.13.

Boeing (NYSE:BAGet Free Report) last posted its quarterly earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.72) by $0.25. The firm had revenue of $22.02 billion during the quarter, compared to the consensus estimate of $21.14 billion. The business’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($1.75) earnings per share. Equities analysts anticipate that The Boeing Company will post 1.9 earnings per share for the current year.

Wall Street Analysts Forecast Growth

BA has been the subject of a number of research analyst reports. Barclays lifted their price target on shares of Boeing from $210.00 to $235.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 6th. Edward Jones lowered shares of Boeing from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Wells Fargo & Company reduced their price target on shares of Boeing from $225.00 to $215.00 and set an “equal weight” rating for the company in a research note on Thursday, February 1st. TD Cowen reduced their price target on shares of Boeing from $275.00 to $230.00 and set an “outperform” rating for the company in a research note on Monday. Finally, UBS Group cut their target price on shares of Boeing from $275.00 to $250.00 and set a “buy” rating for the company in a research report on Thursday, March 21st. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $242.65.

Check Out Our Latest Stock Analysis on BA

Boeing Profile

(Free Report)

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

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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