The Boeing Company (NYSE:BA) Stock Holdings Boosted by Financial Partners Group LLC

Financial Partners Group LLC boosted its position in The Boeing Company (NYSE:BA) by 25.0% during the 2nd quarter, HoldingsChannel reports. The firm owned 5,903 shares of the aircraft producer’s stock after buying an additional 1,179 shares during the quarter. Financial Partners Group LLC’s holdings in Boeing were worth $1,074,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BA. Capital Research Global Investors raised its holdings in shares of Boeing by 35.5% during the fourth quarter. Capital Research Global Investors now owns 16,880,647 shares of the aircraft producer’s stock valued at $4,400,109,000 after buying an additional 4,425,964 shares during the last quarter. Jennison Associates LLC acquired a new stake in Boeing in the 4th quarter valued at approximately $960,397,000. Wellington Management Group LLP raised its stake in Boeing by 563.9% during the 4th quarter. Wellington Management Group LLP now owns 3,439,093 shares of the aircraft producer’s stock valued at $896,434,000 after acquiring an additional 2,921,043 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in Boeing by 23.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,823,006 shares of the aircraft producer’s stock worth $2,560,466,000 after acquiring an additional 1,884,850 shares during the period. Finally, Boston Partners grew its stake in shares of Boeing by 861.6% in the fourth quarter. Boston Partners now owns 1,804,853 shares of the aircraft producer’s stock worth $467,338,000 after purchasing an additional 1,617,151 shares in the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BA has been the subject of several research analyst reports. Northcoast Research downgraded shares of Boeing from a “neutral” rating to a “sell” rating and set a $140.00 price objective for the company. in a report on Wednesday, April 17th. Sanford C. Bernstein reduced their price target on shares of Boeing from $222.00 to $207.00 and set an “outperform” rating for the company in a research note on Monday, August 5th. Citigroup decreased their price objective on shares of Boeing from $252.00 to $224.00 and set a “buy” rating for the company in a report on Thursday, April 25th. Baird R W upgraded Boeing to a “strong-buy” rating in a research report on Monday, June 3rd. Finally, UBS Group lowered their price target on Boeing from $250.00 to $240.00 and set a “buy” rating on the stock in a research report on Friday, June 7th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $215.18.

Boeing Trading Down 2.2 %

NYSE:BA traded down $3.71 during trading hours on Monday, hitting $164.20. 4,709,648 shares of the stock traded hands, compared to its average volume of 8,122,750. The firm has a 50 day moving average price of $180.67 and a 200 day moving average price of $185.24. The firm has a market cap of $100.80 billion, a price-to-earnings ratio of -46.25 and a beta of 1.56. The Boeing Company has a fifty-two week low of $159.70 and a fifty-two week high of $267.54.

Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.00) by ($1.90). The firm had revenue of $16.87 billion during the quarter, compared to analyst estimates of $17.35 billion. The company’s quarterly revenue was down 14.6% compared to the same quarter last year. During the same quarter last year, the company earned ($0.82) EPS. Research analysts predict that The Boeing Company will post -2.38 EPS for the current year.

About Boeing

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.