Zurcher Kantonalbank Zurich Cantonalbank Has $27.51 Million Stock Position in The Boeing Company (NYSE:BA)

Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of The Boeing Company (NYSE:BA) by 3.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 105,557 shares of the aircraft producer’s stock after buying an additional 3,797 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Boeing were worth $27,514,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. CNB Bank lifted its position in Boeing by 106.5% during the 3rd quarter. CNB Bank now owns 128 shares of the aircraft producer’s stock valued at $25,000 after purchasing an additional 66 shares during the period. True Wealth Design LLC bought a new position in shares of Boeing during the 4th quarter worth approximately $33,000. Park Place Capital Corp grew its stake in shares of Boeing by 185.1% during the 3rd quarter. Park Place Capital Corp now owns 211 shares of the aircraft producer’s stock worth $40,000 after acquiring an additional 137 shares in the last quarter. Industrial Alliance Investment Management Inc. bought a new position in shares of Boeing during the 4th quarter worth approximately $41,000. Finally, Fortis Capital Advisors LLC grew its stake in shares of Boeing by 100.0% during the 1st quarter. Fortis Capital Advisors LLC now owns 200 shares of the aircraft producer’s stock worth $42,000 after acquiring an additional 100 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Stock Down 0.2 %

Boeing stock opened at $170.19 on Thursday. The Boeing Company has a 12-month low of $167.53 and a 12-month high of $267.54. The business’s 50-day moving average price is $191.86 and its two-hundred day moving average price is $207.54. The stock has a market cap of $103.84 billion, a PE ratio of -46.25, a P/E/G ratio of 114.53 and a beta of 1.52.

Boeing (NYSE:BA) last released its earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.72) by $0.25. The business had revenue of $22.02 billion during the quarter, compared to the consensus estimate of $21.14 billion. During the same quarter in the prior year, the firm earned ($1.75) EPS. The business’s revenue was up 10.2% on a year-over-year basis. As a group, analysts expect that The Boeing Company will post 0.37 earnings per share for the current year.

Wall Street Analyst Weigh In

BA has been the subject of several recent analyst reports. Morgan Stanley cut their price objective on Boeing from $235.00 to $180.00 and set an “equal weight” rating for the company in a report on Wednesday, April 10th. Edward Jones downgraded Boeing from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Bank of America cut their price objective on Boeing from $210.00 to $190.00 and set a “neutral” rating for the company in a report on Thursday, April 11th. UBS Group cut their price objective on Boeing from $275.00 to $250.00 and set a “buy” rating for the company in a report on Thursday, March 21st. Finally, Susquehanna cut their price objective on Boeing from $265.00 to $230.00 and set a “positive” rating for the company in a report on Thursday, March 21st. One analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $229.35.

Boeing Profile

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.