The Boeing Company (NYSE:BA) Holdings Increased by Legal & General Group Plc

Legal & General Group Plc grew its stake in shares of The Boeing Company (NYSE:BA) by 2.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,432,485 shares of the aircraft producer’s stock after buying an additional 67,474 shares during the quarter. Legal & General Group Plc’s holdings in Boeing were worth $624,749,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Chicago Partners Investment Group LLC increased its position in shares of Boeing by 0.4% in the fourth quarter. Chicago Partners Investment Group LLC now owns 14,941 shares of the aircraft producer’s stock worth $3,895,000 after acquiring an additional 56 shares in the last quarter. Madison Park Capital Advisors LLC increased its position in shares of Boeing by 4.9% in the second quarter. Madison Park Capital Advisors LLC now owns 1,204 shares of the aircraft producer’s stock worth $219,000 after acquiring an additional 56 shares in the last quarter. Angeles Wealth Management LLC increased its position in shares of Boeing by 4.3% in the fourth quarter. Angeles Wealth Management LLC now owns 1,463 shares of the aircraft producer’s stock worth $381,000 after acquiring an additional 60 shares in the last quarter. Bridge Creek Capital Management LLC increased its position in shares of Boeing by 3.1% in the first quarter. Bridge Creek Capital Management LLC now owns 1,983 shares of the aircraft producer’s stock worth $383,000 after acquiring an additional 60 shares in the last quarter. Finally, Wealth Alliance Advisory Group LLC increased its position in shares of Boeing by 1.6% in the second quarter. Wealth Alliance Advisory Group LLC now owns 3,798 shares of the aircraft producer’s stock worth $691,000 after acquiring an additional 60 shares in the last quarter. 64.82% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on BA. Susquehanna reissued a “positive” rating and issued a $230.00 target price on shares of Boeing in a research report on Wednesday, August 14th. Sanford C. Bernstein lowered their price objective on shares of Boeing from $222.00 to $207.00 and set an “outperform” rating on the stock in a research report on Monday, August 5th. The Goldman Sachs Group lowered their price objective on shares of Boeing from $232.00 to $202.00 and set a “buy” rating on the stock in a research report on Tuesday. Baird R W raised shares of Boeing to a “strong-buy” rating in a research report on Monday, June 3rd. Finally, Bank of America boosted their price objective on shares of Boeing from $180.00 to $200.00 and gave the company a “neutral” rating in a research report on Thursday, June 13th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $209.83.

Boeing Trading Up 1.1 %

Shares of Boeing stock opened at $156.32 on Friday. The firm has a fifty day simple moving average of $168.52 and a 200-day simple moving average of $176.20. The Boeing Company has a 1-year low of $151.65 and a 1-year high of $267.54. The stock has a market capitalization of $95.96 billion, a price-to-earnings ratio of -44.03 and a beta of 1.57.

Boeing (NYSE:BA) last issued 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 firm had revenue of $16.87 billion for the quarter, compared to analyst estimates of $17.35 billion. During the same period last year, the firm earned ($0.82) EPS. The company’s revenue was down 14.6% compared to the same quarter last year. As a group, research analysts predict that The Boeing Company will post -4.27 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.