Boeing Company (NYSE:BA) shares sold by Fortis Group Advisors LLC

Fortis Group Advisors LLC lessened its holdings in The Boeing Company (NYSE:BA – Free Report) by 5.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,663 shares of the aircraft maker’s stock after selling 90 shares during the quarter. Fortis Group Advisors LLC’s holdings in Boeing were worth $303,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Boeing by 2.5% in the first quarter. Vanguard Group Inc. now owns 49,724,770 shares of the aircraft maker’s stock worth $9,596,383,000 after buying an additional 1,222,816 shares in the last quarter. Capital Research Global Investors boosted its stake in shares of Boeing by 35.5% during the 4th quarter. Capital Research Global Investors now owns 16,880,647 shares of the aircraft manufacturer’s stock worth $4,400,109,000 after bought an additional 4,425,964 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in Boeing by 23.7% during the 4th 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. Northern Trust Corp increased its stake in shares of Boeing by 1.1% during the 4th quarter. Northern Trust Corp now owns 5,003,262 shares of the aircraft manufacturer’s stock worth $1,304,150,000 after buying another 52,081 shares in the last quarter. Finally, Jennison Associates LLC boosted its stake in Boeing by 14.1% in the first quarter. Jennison Associates LLC now owns 4,203,435 shares of the aircraft maker’s stock worth $811,221,000 after buying an additional 518,952 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company’s shares.

Boeing price performance

BA opened at $173.74 on Friday. The Boeing Company has a 12-month low of $159.70 and a 12-month high of $267.54. The stock has a market cap of $106.66 billion, a price-to-earnings ratio of -48.94 and a beta of 1.56. The company has a 50 day moving average of $178.13 and a two hundred day moving average of $182.21.

Boeing (NYSE:BA – Get Free Report ) last posted its earnings results on Wednesday, July 31st. The aircraft maker reported ($2.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.00) by ($1.90). The firm had revenue of $16.87 billion during the quarter, compared to analyst estimates of $17.35 billion. During the same period in the previous year, the firm earned ($0.82) EPS. The company’s revenue for the quarter was down 14.6% on a year-over-year basis. equities research analysts anticipate that The Boeing Company will post -2.38 earnings per share for the current year.

Analysts set new price targets

BA has been the subject of several research reports. Robert W. Baird cut their price target on Boeing from $300.00 to $240.00 and set an “outperform” rating for the company in a research note on Monday, June 3rd. Stifel Nicolaus boosted their target price on shares of Boeing from $230.00 to $235.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Bank of America upped their target price on shares of Boeing from $180.00 to $200.00 and gave the company a “neutral” rating in a research note on Thursday, June 13th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $225.00 target price on shares of Boeing in a research note on Tuesday, June 25th. Finally, Baird RW raised shares of Boeing to a “strong-buy” rating in a research note on Monday, June 3rd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Boeing currently has an average rating of “Moderate Buy” and a consensus price target of $215.18, according to MarketBeat .

Read our latest research report on Boeing

Boeing Company Profile

(Free report)

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sells, services and supports commercial aircraft, military aircraft, satellites, missile defense, human space flight and launch systems and services worldwide. The company operates through Commercial Aircraft; Defense, Space and Security; and Global Services segments.

Further reading

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