Signature Estate & Investment Advisors LLC grew its holdings in The Boeing Company (NYSE:BA – Get Rating) by 41.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,225 shares of the aircraft producer’s stock after purchasing an additional 649 shares during the quarter. Signature Estate & Investment Advisors LLC’s holdings in Boeing were worth $304,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of BA. Invesco Ltd. boosted its position in Boeing by 5.6% during the fourth quarter. Invesco Ltd. now owns 1,293,970 shares of the aircraft producer’s stock worth $260,502,000 after acquiring an additional 68,367 shares during the last quarter. Schroder Investment Management Group boosted its position in Boeing by 4.5% during the fourth quarter. Schroder Investment Management Group now owns 29,382 shares of the aircraft producer’s stock worth $5,915,000 after acquiring an additional 1,252 shares during the last quarter. Gotham Asset Management LLC acquired a new stake in Boeing during the fourth quarter worth approximately $340,000. Rowland & Co. Investment Counsel ADV boosted its position in Boeing by 27.2% during the fourth quarter. Rowland & Co. Investment Counsel ADV now owns 2,470 shares of the aircraft producer’s stock worth $497,000 after acquiring an additional 528 shares during the last quarter. Finally, Mmbg Investment Advisors CO. acquired a new stake in Boeing during the fourth quarter worth approximately $1,174,000. 57.10% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on BA. The Goldman Sachs Group reaffirmed a “buy” rating and set a $281.00 price target on shares of Boeing in a research note on Tuesday, August 23rd. Robert W. Baird reaffirmed an “outperform” rating and set a $245.00 price target on shares of Boeing in a research note on Wednesday, September 7th. Benchmark cut their price target on shares of Boeing from $250.00 to $200.00 and set a “buy” rating on the stock in a research note on Friday, July 15th. Citigroup raised shares of Boeing from a “neutral” rating to a “buy” rating and cut their price target for the stock from $219.00 to $209.00 in a research note on Thursday, June 16th. Finally, Wells Fargo & Company cut their price target on shares of Boeing from $214.00 to $210.00 and set an “overweight” rating on the stock in a research note on Thursday, July 28th. Three research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $218.07.
Boeing Trading Down 3.2 %
Boeing (NYSE:BA – Get Rating) last released its quarterly earnings results on Wednesday, July 27th. The aircraft producer reported ($0.37) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.23). The company had revenue of $16.68 billion for the quarter, compared to analyst estimates of $17.53 billion. The company’s quarterly revenue was down 1.9% on a year-over-year basis. During the same period last year, the firm posted $0.40 earnings per share. Equities research analysts expect that The Boeing Company will post -1.95 EPS for the current fiscal year.
Boeing Company Profile
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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