Czech National Bank Has $18.13 Million Holdings in The Boeing Company (NYSE:BA)

Czech National Bank lifted its holdings in shares of The Boeing Company (NYSE:BA) by 8.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 119,243 shares of the aircraft producer’s stock after purchasing an additional 9,281 shares during the period. Czech National Bank’s holdings in Boeing were worth $18,130,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. SS&H Financial Advisors Inc. increased its stake in shares of Boeing by 7.3% in the 2nd quarter. SS&H Financial Advisors Inc. now owns 7,720 shares of the aircraft producer’s stock valued at $1,405,000 after buying an additional 525 shares during the period. Heritage Wealth Management Inc. bought a new position in Boeing in the second quarter valued at about $483,000. Lazari Capital Management Inc. increased its position in Boeing by 55.7% in the second quarter. Lazari Capital Management Inc. now owns 23,216 shares of the aircraft producer’s stock worth $4,226,000 after purchasing an additional 8,309 shares during the period. Sanctuary Advisors LLC bought a new stake in Boeing during the 2nd quarter worth about $21,405,000. Finally, Strategic Investment Solutions Inc. IL acquired a new position in Boeing during the 2nd quarter valued at about $82,000. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

BA has been the subject of several analyst reports. UBS Group lowered their price target on shares of Boeing from $250.00 to $240.00 and set a “buy” rating for the company in a research report on Friday, June 7th. Jefferies Financial Group lowered their target price on shares of Boeing from $270.00 to $240.00 and set a “buy” rating for the company in a report on Monday, September 23rd. Susquehanna reissued a “positive” rating and issued a $230.00 price target on shares of Boeing in a research note on Wednesday, August 14th. Wells Fargo & Company decreased their price objective on Boeing from $119.00 to $110.00 and set an “underweight” rating for the company in a research note on Tuesday. Finally, TD Cowen cut their target price on Boeing from $230.00 to $200.00 and set a “buy” rating on the stock in a research note on Tuesday. Three analysts have rated the stock with a sell rating, seven have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Boeing has a consensus rating of “Moderate Buy” and an average target price of $206.00.

Boeing Price Performance

Boeing stock traded up $4.48 during mid-day trading on Friday, hitting $155.00. 6,680,591 shares of the company’s stock traded hands, compared to its average volume of 8,022,903. The Boeing Company has a fifty-two week low of $149.49 and a fifty-two week high of $267.54. The stock has a market cap of $95.15 billion, a price-to-earnings ratio of -43.63 and a beta of 1.57. The firm has a 50 day simple moving average of $165.48 and a two-hundred day simple moving average of $175.19.

Boeing (NYSE:BA) last announced its earnings results on Wednesday, July 31st. The aircraft producer reported ($2.90) EPS for the quarter, missing the consensus estimate of ($1.00) by ($1.90). The company had revenue of $16.87 billion for the quarter, compared to analyst estimates of $17.35 billion. The business’s revenue for the quarter was down 14.6% compared to the same quarter last year. During the same period last year, the firm earned ($0.82) earnings per share. On average, research analysts anticipate that The Boeing Company will post -4.27 earnings per share for the current fiscal 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.