CI Investments Inc. lowered its holdings in shares of The Boeing Company (NYSE:BA – Get Rating) by 11.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 1,205 shares of the aircraft producer’s stock after selling 157 shares during the period. CI Investments Inc.’s holdings in Boeing were worth $231,000 as of its most recent filing with the SEC.
A number of other large investors also recently added to or reduced their stakes in the business. CarsonAllaria Wealth Management Ltd. bought a new stake in Boeing during the 4th quarter valued at $28,000. Lloyd Advisory Services LLC. boosted its holdings in shares of Boeing by 1,092.3% during the first quarter. Lloyd Advisory Services LLC. now owns 155 shares of the aircraft producer’s stock worth $30,000 after purchasing an additional 142 shares during the period. Blue Bell Private Wealth Management LLC grew its stake in shares of Boeing by 42.1% in the first quarter. Blue Bell Private Wealth Management LLC now owns 189 shares of the aircraft producer’s stock worth $36,000 after purchasing an additional 56 shares during the last quarter. Delos Wealth Advisors LLC increased its holdings in Boeing by 6,466.7% during the 4th quarter. Delos Wealth Advisors LLC now owns 197 shares of the aircraft producer’s stock valued at $40,000 after purchasing an additional 194 shares during the period. Finally, Landmark Wealth Management LLC bought a new position in Boeing during the 1st quarter valued at approximately $48,000. Hedge funds and other institutional investors own 57.10% of the company’s stock.
Analysts Set New Price Targets
A number of brokerages have recently weighed in on BA. Citigroup upgraded Boeing from a “neutral” rating to a “buy” rating and cut their price objective for the stock from $219.00 to $209.00 in a research report on Thursday, June 16th. StockNews.com upgraded shares of Boeing from a “sell” rating to a “hold” rating in a report on Friday, July 29th. Susquehanna Bancshares cut their target price on shares of Boeing from $193.00 to $192.00 and set a “positive” rating on the stock in a research note on Friday, May 20th. JPMorgan Chase & Co. increased their price target on shares of Boeing from $188.00 to $200.00 in a research note on Thursday, July 28th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $281.00 price objective on shares of Boeing in a research report on Tuesday, August 23rd. Four analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $219.56.
Boeing Trading Down 1.2 %
NYSE BA opened at $151.82 on Tuesday. The Boeing Company has a 12 month low of $113.02 and a 12 month high of $233.94. The stock’s fifty day moving average price is $155.33 and its 200-day moving average price is $161.68. The stock has a market cap of $90.15 billion, a P/E ratio of -16.96 and a beta of 1.35.
Boeing (NYSE:BA – Get Rating) last announced its quarterly earnings results on Wednesday, July 27th. The aircraft producer reported ($0.37) earnings per share (EPS) 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 the consensus estimate of $17.53 billion. Boeing’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.40 EPS. As a group, analysts forecast that The Boeing Company will post -1.9 earnings per share for the current fiscal 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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