YHB Investment Advisors Inc. lowered its position in The Boeing Company (NYSE:BA – Get Rating) by 17.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,535 shares of the aircraft producer’s stock after selling 330 shares during the period. YHB Investment Advisors Inc.’s holdings in Boeing were worth $210,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of the company. Invesco Ltd. grew its holdings in Boeing by 5.6% during the 4th quarter. Invesco Ltd. now owns 1,293,970 shares of the aircraft producer’s stock valued at $260,502,000 after buying an additional 68,367 shares during the last quarter. Schroder Investment Management Group raised its position in shares of Boeing by 4.5% in the 4th quarter. Schroder Investment Management Group now owns 29,382 shares of the aircraft producer’s stock worth $5,915,000 after buying an additional 1,252 shares during the period. Gotham Asset Management LLC purchased a new position in shares of Boeing in the 4th quarter worth $340,000. Rowland & Co. Investment Counsel ADV raised its position in shares of Boeing by 27.2% in the 4th quarter. Rowland & Co. Investment Counsel ADV now owns 2,470 shares of the aircraft producer’s stock worth $497,000 after buying an additional 528 shares during the period. Finally, Mmbg Investment Advisors CO. purchased a new position in shares of Boeing in the 4th quarter worth $1,174,000. Institutional investors and hedge funds own 57.10% of the company’s stock.
Analysts Set New Price Targets
Several analysts recently issued reports on the company. Royal Bank of Canada set a $200.00 price target on Boeing in a report on Thursday, September 15th. Bank of America lifted their price target on Boeing from $170.00 to $175.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 7th. Citigroup upgraded Boeing from a “neutral” rating to a “buy” rating and decreased their price target for the stock from $219.00 to $209.00 in a research note on Thursday, June 16th. JPMorgan Chase & Co. lifted their price target on Boeing from $188.00 to $200.00 in a research note on Thursday, July 28th. Finally, Robert W. Baird reiterated an “outperform” rating and issued a $245.00 price target on shares of Boeing in a research note on Wednesday, September 7th. Three research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, Boeing has an average rating of “Moderate Buy” and a consensus target price 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 firm had revenue of $16.68 billion during the quarter, compared to the consensus estimate of $17.53 billion. The company’s revenue was down 1.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.40 earnings per share. As a group, analysts forecast that The Boeing Company will post -1.95 EPS for the current year.
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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