American Century Companies Inc. Raises Position in The Boeing Company (NYSE:BA)

American Century Companies Inc. lifted its stake in The Boeing Company (NYSE:BA) by 20.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,992 shares of the aircraft producer’s stock after purchasing an additional 7,739 shares during the period. American Century Companies Inc.’s holdings in Boeing were worth $8,189,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of BA. Chicago Partners Investment Group LLC boosted its holdings in shares of Boeing by 0.4% in the 4th quarter. Chicago Partners Investment Group LLC now owns 14,941 shares of the aircraft producer’s stock valued at $3,895,000 after acquiring an additional 56 shares during the last quarter. Madison Park Capital Advisors LLC boosted its holdings in Boeing by 4.9% in the second quarter. Madison Park Capital Advisors LLC now owns 1,204 shares of the aircraft producer’s stock valued at $219,000 after purchasing an additional 56 shares during the last quarter. Angeles Wealth Management LLC grew its position in Boeing by 4.3% during the 4th quarter. Angeles Wealth Management LLC now owns 1,463 shares of the aircraft producer’s stock worth $381,000 after purchasing an additional 60 shares during the period. Bridge Creek Capital Management LLC raised its stake in shares of Boeing by 3.1% during the 1st quarter. Bridge Creek Capital Management LLC now owns 1,983 shares of the aircraft producer’s stock valued at $383,000 after buying an additional 60 shares during the last quarter. Finally, Wealth Alliance Advisory Group LLC lifted its holdings in shares of Boeing by 1.6% in the 2nd quarter. Wealth Alliance Advisory Group LLC now owns 3,798 shares of the aircraft producer’s stock valued at $691,000 after buying an additional 60 shares during the period. 64.82% of the stock is owned by institutional investors.

Boeing Trading Up 2.0 %

NYSE:BA opened at $156.30 on Tuesday. The company has a market cap of $95.95 billion, a P/E ratio of -44.03 and a beta of 1.57. The Boeing Company has a twelve month low of $151.65 and a twelve month high of $267.54. The company’s 50-day moving average price is $170.76 and its 200-day moving average price is $177.08.

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

Wall Street Analyst Weigh In

Several brokerages recently weighed in on BA. Bank of America lifted 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. Wells Fargo & Company reiterated an “underweight” rating and issued a $119.00 target price (down from $185.00) on shares of Boeing in a research note on Tuesday, September 3rd. Jefferies Financial Group dropped their price target on shares of Boeing from $270.00 to $240.00 and set a “buy” rating on the stock in a research report on Monday. Baird R W upgraded shares of Boeing to a “strong-buy” rating in a research report on Monday, June 3rd. Finally, Susquehanna restated a “positive” rating and set a $230.00 target price on shares of Boeing in a research report on Wednesday, August 14th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $212.89.

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.