MGO One Seven LLC Sells 1,438 Shares of The Boeing Company (NYSE:BA)

MGO One Seven LLC trimmed its position in The Boeing Company (NYSE:BA) by 20.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,768 shares of the aircraft producer’s stock after selling 1,438 shares during the period. MGO One Seven LLC’s holdings in Boeing were worth $1,050,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in BA. Capital Research Global Investors increased 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 acquiring an additional 4,425,964 shares in the last quarter. Wellington Management Group LLP increased 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 purchasing an additional 2,921,043 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 worth $2,560,466,000 after buying an additional 1,884,850 shares during the last quarter. Global Assets Advisory LLC bought a new position in shares of Boeing in the first quarter valued at $272,312,000. Finally, Vanguard Group Inc. grew 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 valued at $9,596,383,000 after buying an additional 1,222,816 shares during the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

Boeing Price Performance

NYSE:BA opened at $156.77 on Friday. The company has a market capitalization of $96.60 billion, a P/E ratio of -44.16 and a beta of 1.57. The business has a fifty day simple moving average of $174.10 and a two-hundred day simple moving average of $179.39. The Boeing Company has a 1 year low of $155.60 and a 1 year high of $267.54.

Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share for the quarter, missing the consensus estimate of ($1.00) by ($1.90). The company had revenue of $16.87 billion during the quarter, compared to the consensus estimate of $17.35 billion. The business’s revenue was down 14.6% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.82) earnings per share. As a group, analysts anticipate that The Boeing Company will post -4.26 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Wells Fargo & Company reaffirmed an “underweight” rating and issued a $119.00 price target (down previously from $185.00) on shares of Boeing in a research report on Tuesday, September 3rd. UBS Group dropped their target price on Boeing from $250.00 to $240.00 and set a “buy” rating on the stock in a report on Friday, June 7th. Baird R W raised Boeing to a “strong-buy” rating in a research report on Monday, June 3rd. Bank of America lifted their price objective on shares of Boeing from $180.00 to $200.00 and gave the stock a “neutral” rating in a report on Thursday, June 13th. Finally, Susquehanna reiterated a “positive” rating and issued a $230.00 target price on shares of Boeing in a research note on Wednesday, August 14th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Boeing has a consensus rating of “Moderate Buy” and an average price target of $211.29.

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.