The Boeing Company (NYSE:BA) Shares Acquired by Fort Sheridan Advisors LLC

Fort Sheridan Advisors LLC lifted its holdings in The Boeing Company (NYSE:BAGet Rating) by 3.6% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 31,239 shares of the aircraft producer’s stock after purchasing an additional 1,088 shares during the period. Boeing makes up 1.8% of Fort Sheridan Advisors LLC’s holdings, making the stock its 12th biggest holding. Fort Sheridan Advisors LLC’s holdings in Boeing were worth $5,982,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. BlackRock Inc. grew its holdings in shares of Boeing by 0.4% in the fourth quarter. BlackRock Inc. now owns 30,786,905 shares of the aircraft producer’s stock valued at $6,198,021,000 after purchasing an additional 136,818 shares in the last quarter. Loomis Sayles & Co. L P lifted its stake in Boeing by 19.8% in the fourth quarter. Loomis Sayles & Co. L P now owns 13,367,929 shares of the aircraft producer’s stock worth $2,691,231,000 after acquiring an additional 2,210,908 shares during the last quarter. Geode Capital Management LLC lifted its stake in Boeing by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 8,616,520 shares of the aircraft producer’s stock worth $1,729,452,000 after acquiring an additional 207,904 shares during the last quarter. Northern Trust Corp lifted its position in shares of Boeing by 4.0% during the 4th quarter. Northern Trust Corp now owns 5,013,641 shares of the aircraft producer’s stock worth $1,009,346,000 after buying an additional 193,777 shares during the last quarter. Finally, Bank of Montreal Can lifted its position in shares of Boeing by 165.0% during the 4th quarter. Bank of Montreal Can now owns 4,377,572 shares of the aircraft producer’s stock worth $1,015,817,000 after buying an additional 2,725,602 shares during the last quarter. Institutional investors and hedge funds own 53.96% of the company’s stock.

Boeing Trading Down 0.9 %

NYSE:BA opened at $165.04 on Friday. The firm has a 50-day moving average price of $143.80 and a two-hundred day moving average price of $166.80. The Boeing Company has a twelve month low of $113.02 and a twelve month high of $241.15. The company has a market capitalization of $98.00 billion, a P/E ratio of -18.44 and a beta of 1.38.

Boeing (NYSE:BAGet Rating) last posted its earnings results on Wednesday, July 27th. The aircraft producer reported ($0.37) earnings per share 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 period in the prior year, the business earned $0.40 EPS. The company’s quarterly revenue was down 1.9% compared to the same quarter last year. On average, equities research analysts predict that The Boeing Company will post -1.69 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently weighed in on BA shares. Royal Bank of Canada set a $200.00 price objective on shares of Boeing in a research report on Monday, August 1st. Sanford C. Bernstein reduced their price objective on shares of Boeing from $239.00 to $216.00 in a research report on Thursday, April 28th. Wells Fargo & Company decreased their price target 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. Benchmark decreased their price target 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. Finally, Bank of America increased their price target on shares of Boeing from $150.00 to $170.00 and gave the stock a “neutral” rating in a research note on Friday, July 15th. Four equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $219.56.

Boeing 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.

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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