The Boeing Company (NYSE:BA) Holdings Trimmed by Zhang Financial LLC

Zhang Financial LLC cut its holdings in The Boeing Company (NYSE:BA) by 17.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,273 shares of the aircraft producer’s stock after selling 266 shares during the quarter. Zhang Financial LLC’s holdings in Boeing were worth $225,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. American Century Companies Inc. increased its position in shares of Boeing by 20.8% in the second quarter. American Century Companies Inc. now owns 44,992 shares of the aircraft producer’s stock worth $8,189,000 after acquiring an additional 7,739 shares in the last quarter. AE Wealth Management LLC grew its position in Boeing by 19.5% during the 2nd quarter. AE Wealth Management LLC now owns 16,402 shares of the aircraft producer’s stock worth $2,985,000 after purchasing an additional 2,678 shares in the last quarter. Pacer Advisors Inc. grew its holdings in shares of Boeing by 5.3% during the second quarter. Pacer Advisors Inc. now owns 41,287 shares of the aircraft producer’s stock valued at $7,515,000 after buying an additional 2,066 shares in the last quarter. Sei Investments Co. lifted its stake in Boeing by 4.7% in the 2nd quarter. Sei Investments Co. now owns 245,647 shares of the aircraft producer’s stock worth $44,710,000 after acquiring an additional 11,092 shares in the last quarter. Finally, Thrivent Financial for Lutherans boosted its holdings in shares of Boeing by 28.2% during the second quarter. Thrivent Financial for Lutherans now owns 32,646 shares of the aircraft producer’s stock worth $5,942,000 after purchasing an additional 7,182 shares during the period. 64.82% of the stock is currently owned by institutional investors.

Boeing Stock Performance

NYSE:BA opened at $171.14 on Tuesday. The company has a market capitalization of $105.80 billion, a price-to-earnings ratio of -13.27 and a beta of 1.52. The company has a 50-day moving average of $163.15 and a 200-day moving average of $164.61. The Boeing Company has a 52 week low of $137.03 and a 52 week high of $217.59.

Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The business had revenue of $17.84 billion during the quarter, compared to the consensus estimate of $17.81 billion. During the same quarter last year, the firm earned ($3.26) earnings per share. The company’s quarterly revenue was down 1.5% on a year-over-year basis. Sell-side analysts forecast that The Boeing Company will post -16.43 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on BA shares. The Goldman Sachs Group dropped their target price on Boeing from $232.00 to $202.00 and set a “buy” rating on the stock in a research report on Tuesday, September 24th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $200.00 price objective on shares of Boeing in a research report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, January 2nd. Robert W. Baird reduced their price target on Boeing from $240.00 to $200.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Finally, Morgan Stanley lowered their price objective on Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a report on Thursday, October 24th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $192.21.

Boeing 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.