Bellecapital International Ltd. Cuts Position in The Boeing Company (NYSE:BA)

Bellecapital International Ltd. lowered its position in shares of The Boeing Company (NYSE:BAFree Report) by 7.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,752 shares of the aircraft producer’s stock after selling 146 shares during the period. Bellecapital International Ltd.’s holdings in Boeing were worth $457,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in BA. Vanguard Group Inc. boosted its holdings in shares of Boeing by 0.8% during the third quarter. Vanguard Group Inc. now owns 47,609,508 shares of the aircraft producer’s stock valued at $9,125,790,000 after acquiring an additional 356,496 shares during the period. State Street Corp raised its holdings in Boeing by 1.5% during the 2nd quarter. State Street Corp now owns 26,416,857 shares of the aircraft producer’s stock worth $5,578,184,000 after buying an additional 392,811 shares during the period. Moneta Group Investment Advisors LLC grew its stake in Boeing by 109,667.8% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 16,055,730 shares of the aircraft producer’s stock valued at $3,058,456,000 after acquiring an additional 16,041,103 shares in the last quarter. Morgan Stanley grew its stake in Boeing by 1.1% during the 3rd quarter. Morgan Stanley now owns 8,362,267 shares of the aircraft producer’s stock valued at $1,602,880,000 after acquiring an additional 91,801 shares in the last quarter. Finally, Nuveen Asset Management LLC grew its stake in Boeing by 7.9% during the 2nd quarter. Nuveen Asset Management LLC now owns 6,200,798 shares of the aircraft producer’s stock valued at $1,309,361,000 after acquiring an additional 452,721 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on BA. Bank of America dropped their price objective on Boeing from $225.00 to $210.00 and set a “neutral” rating on the stock in a report on Thursday, March 21st. Stifel Nicolaus reiterated a “buy” rating and set a $270.00 price target on shares of Boeing in a report on Monday, March 25th. UBS Group lowered their price target on Boeing from $275.00 to $250.00 and set a “buy” rating on the stock in a report on Thursday, March 21st. Susquehanna reduced their price objective on Boeing from $265.00 to $230.00 and set a “positive” rating for the company in a research report on Thursday, March 21st. Finally, JPMorgan Chase & Co. reduced their price objective on Boeing from $270.00 to $230.00 and set an “overweight” rating for the company in a research report on Monday, March 25th. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, Boeing presently has an average rating of “Moderate Buy” and an average target price of $241.53.

Check Out Our Latest Research Report on Boeing

Boeing Trading Up 0.5 %

Shares of BA opened at $192.99 on Monday. The Boeing Company has a 1 year low of $176.25 and a 1 year high of $267.54. The stock has a market cap of $117.75 billion, a P/E ratio of -52.44, a price-to-earnings-growth ratio of 48.46 and a beta of 1.52. The stock’s 50-day moving average price is $199.78 and its two-hundred day moving average price is $209.59.

Boeing (NYSE:BAGet Free Report) last released its quarterly earnings data on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share for the quarter, beating the consensus estimate of ($0.72) by $0.25. The business had revenue of $22.02 billion for the quarter, compared to the consensus estimate of $21.14 billion. During the same quarter last year, the firm earned ($1.75) EPS. The company’s revenue for the quarter was up 10.2% on a year-over-year basis. As a group, equities analysts forecast that The Boeing Company will post 1 EPS for the current year.

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.

See Also

Institutional Ownership by Quarter for Boeing (NYSE:BA)

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