The Boeing Company (NYSE:BA) Position Lessened by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc trimmed its position in shares of The Boeing Company (NYSE:BA) by 11.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 644,225 shares of the aircraft producer’s stock after selling 81,531 shares during the period. Ensign Peak Advisors Inc’s holdings in Boeing were worth $117,255,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Boeing by 2.5% during the first quarter. Vanguard Group Inc. now owns 49,724,770 shares of the aircraft producer’s stock worth $9,596,383,000 after acquiring an additional 1,222,816 shares in the last quarter. Newport Trust Company LLC raised its holdings in Boeing by 1.2% during the second quarter. Newport Trust Company LLC now owns 31,640,184 shares of the aircraft producer’s stock valued at $5,758,830,000 after buying an additional 388,633 shares in the last quarter. Capital Research Global Investors raised its holdings in 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 in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Boeing by 23.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,823,006 shares of the aircraft producer’s stock valued at $2,560,466,000 after buying an additional 1,884,850 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its holdings in Boeing by 1.4% during the second quarter. Massachusetts Financial Services Co. MA now owns 7,619,126 shares of the aircraft producer’s stock valued at $1,386,757,000 after buying an additional 106,513 shares in the last quarter. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Boeing Trading Down 0.8 %

NYSE BA opened at $153.29 on Friday. The stock’s 50 day moving average is $171.21 and its two-hundred day moving average is $177.74. The company has a market capitalization of $94.10 billion, a price-to-earnings ratio of -43.18 and a beta of 1.57. The Boeing Company has a 1-year low of $152.60 and a 1-year high of $267.54.

Boeing (NYSE:BA) last released its quarterly earnings data 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 business had revenue of $16.87 billion during the quarter, compared to the consensus estimate of $17.35 billion. The company’s quarterly revenue was down 14.6% on a year-over-year basis. During the same quarter last year, the firm earned ($0.82) earnings per share. On average, analysts predict that The Boeing Company will post -4.26 earnings per share for the current year.

Analyst Ratings Changes

BA has been the topic of several recent research reports. Stifel Nicolaus raised their target price on Boeing from $230.00 to $235.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Baird R W upgraded Boeing to a “strong-buy” rating in a report on Monday, June 3rd. Susquehanna reaffirmed a “positive” rating and issued a $230.00 price target on shares of Boeing in a research report on Wednesday, August 14th. Bank of America raised their price target on Boeing from $180.00 to $200.00 and gave the company a “neutral” rating in a research report on Thursday, June 13th. Finally, Robert W. Baird lowered their price target on Boeing from $300.00 to $240.00 and set an “outperform” rating on the stock in a research report on Monday, June 3rd. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $211.29.

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.