UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 348,652 Shares of The Boeing Company (NYSE:BA)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of The Boeing Company (NYSE:BA) by 16.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,472,126 shares of the aircraft producer’s stock after purchasing an additional 348,652 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.40% of Boeing worth $375,862,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BA. Janus Henderson Group PLC raised its stake in shares of Boeing by 21.3% during the 1st quarter. Janus Henderson Group PLC now owns 93,046 shares of the aircraft producer’s stock valued at $17,948,000 after purchasing an additional 16,342 shares during the period. LRI Investments LLC bought a new stake in shares of Boeing during the 1st quarter valued at $138,000. Cetera Investment Advisers raised its stake in shares of Boeing by 278.7% during the 1st quarter. Cetera Investment Advisers now owns 299,017 shares of the aircraft producer’s stock valued at $57,708,000 after purchasing an additional 220,067 shares during the period. Cetera Advisors LLC increased its stake in Boeing by 55.9% in the 1st quarter. Cetera Advisors LLC now owns 87,681 shares of the aircraft producer’s stock worth $16,922,000 after acquiring an additional 31,439 shares during the last quarter. Finally, Cetera Advisor Networks LLC increased its stake in Boeing by 16.7% in the 1st quarter. Cetera Advisor Networks LLC now owns 140,848 shares of the aircraft producer’s stock worth $27,182,000 after acquiring an additional 20,112 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on BA shares. Stifel Nicolaus upped their target price on Boeing from $230.00 to $235.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Morgan Stanley decreased their target price on Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 24th. Sanford C. Bernstein lowered Boeing from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $195.00 to $169.00 in a research note on Wednesday, October 30th. Wells Fargo & Company decreased their target price on Boeing from $86.00 to $85.00 and set an “underweight” rating on the stock in a research note on Monday, November 4th. Finally, UBS Group decreased their target price on Boeing from $215.00 to $195.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $190.11.

Boeing Price Performance

Shares of BA stock opened at $152.40 on Friday. The stock has a market capitalization of $94.21 billion, a PE ratio of -11.81 and a beta of 1.57. The Boeing Company has a 1-year low of $137.03 and a 1-year high of $267.54. The business has a 50-day moving average of $151.44 and a 200 day moving average of $167.67.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The company had revenue of $17.84 billion during the quarter, compared to the consensus estimate of $17.81 billion. Boeing’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period in the previous year, the company earned ($3.26) EPS. Analysts anticipate that The Boeing Company will post -16.2 EPS 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.