The Boeing Company (NYSE:BA) Shares Sold by Marshall Wace LLP

Marshall Wace LLP cut its holdings in shares of The Boeing Company (NYSE:BA) by 45.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 590,439 shares of the aircraft producer’s stock after selling 500,700 shares during the quarter. Marshall Wace LLP’s holdings in Boeing were worth $107,466,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Vermillion & White Wealth Management Group LLC acquired a new position in Boeing during the fourth quarter valued at $26,000. Kiely Wealth Advisory Group Inc. purchased a new stake in shares of Boeing in the second quarter valued at approximately $33,000. Vima LLC acquired a new position in Boeing during the fourth quarter worth $34,000. Hobbs Group Advisors LLC acquired a new position in shares of Boeing during the 2nd quarter worth about $34,000. Finally, McClarren Financial Advisors Inc. lifted its position in shares of Boeing by 451.4% in the first quarter. McClarren Financial Advisors Inc. now owns 193 shares of the aircraft producer’s stock valued at $37,000 after acquiring an additional 158 shares in the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have issued reports on BA. Sanford C. Bernstein lowered their target price on shares of Boeing from $222.00 to $207.00 and set an “outperform” rating on the stock in a research note on Monday, August 5th. Susquehanna reaffirmed a “positive” rating and set a $230.00 price objective on shares of Boeing in a research note on Wednesday, August 14th. Baird R W raised shares of Boeing to a “strong-buy” rating in a research note on Monday, June 3rd. The Goldman Sachs Group lowered their target price on Boeing from $232.00 to $202.00 and set a “buy” rating on the stock in a report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $225.00 price target on shares of Boeing in a report on Tuesday, June 25th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $209.83.

Boeing Trading Down 0.3 %

Shares of NYSE BA opened at $155.87 on Wednesday. The stock has a fifty day simple moving average of $170.15 and a 200-day simple moving average of $176.78. The Boeing Company has a twelve month low of $151.65 and a twelve month high of $267.54. The stock has a market capitalization of $95.69 billion, a PE ratio of -43.91 and a beta of 1.57.

Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.00) by ($1.90). The business had revenue of $16.87 billion for the quarter, compared to the consensus estimate of $17.35 billion. During the same quarter in the previous year, the business earned ($0.82) EPS. Boeing’s revenue for the quarter was down 14.6% on a year-over-year basis. On average, equities analysts predict that The Boeing Company will post -4.26 earnings per share for the current year.

Boeing Company 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.