Los Angeles Capital Management LLC Buys 7,636 Shares of The Boeing Company (NYSE:BA)

Los Angeles Capital Management LLC lifted its stake in shares of The Boeing Company (NYSE:BAFree Report) by 2.2% during the first quarter, HoldingsChannel reports. The firm owned 358,781 shares of the aircraft producer’s stock after acquiring an additional 7,636 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Boeing were worth $69,241,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in shares of Boeing by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 48,501,954 shares of the aircraft producer’s stock valued at $12,642,519,000 after buying an additional 892,446 shares during the last quarter. Capital Research Global Investors boosted its position in Boeing by 35.5% during the fourth quarter. Capital Research Global Investors now owns 16,880,647 shares of the aircraft producer’s stock worth $4,400,109,000 after purchasing an additional 4,425,964 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in shares of Boeing by 23.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,823,006 shares of the aircraft producer’s stock valued at $2,560,466,000 after purchasing an additional 1,884,850 shares during the last quarter. Morgan Stanley increased its holdings in shares of Boeing by 1.1% in the third quarter. Morgan Stanley now owns 8,362,267 shares of the aircraft producer’s stock valued at $1,602,880,000 after purchasing an additional 91,801 shares during the last quarter. Finally, Northern Trust Corp raised its position in shares of Boeing by 1.1% in the fourth quarter. Northern Trust Corp now owns 5,003,262 shares of the aircraft producer’s stock valued at $1,304,150,000 after purchasing an additional 52,081 shares during the period. Institutional investors and hedge funds own 64.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Stifel Nicolaus reiterated a “buy” rating and issued a $240.00 price target on shares of Boeing in a research note on Wednesday, May 15th. Benchmark reaffirmed a “buy” rating and issued a $250.00 target price on shares of Boeing in a research report on Tuesday, March 26th. The Goldman Sachs Group dropped their price target on Boeing from $268.00 to $257.00 and set a “buy” rating for the company in a report on Monday, March 25th. StockNews.com lowered Boeing from a “hold” rating to a “sell” rating in a report on Friday, April 26th. Finally, Sanford C. Bernstein dropped their price objective on shares of Boeing from $230.00 to $215.00 and set an “outperform” rating for the company in a research note on Monday, June 3rd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Boeing presently has an average rating of “Moderate Buy” and an average price target of $220.89.

View Our Latest Stock Analysis on BA

Boeing Stock Performance

Shares of BA traded down $3.40 during mid-day trading on Wednesday, reaching $174.99. The company had a trading volume of 6,179,870 shares, compared to its average volume of 5,675,628. The company’s 50 day simple moving average is $177.31 and its 200 day simple moving average is $201.64. The company has a market capitalization of $107.42 billion, a price-to-earnings ratio of -49.29 and a beta of 1.55. The Boeing Company has a 1-year low of $159.70 and a 1-year high of $267.54.

Boeing (NYSE:BAGet Free Report) last issued its earnings results on Wednesday, April 24th. The aircraft producer reported ($1.13) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.43) by $0.30. The company had revenue of $16.57 billion during the quarter, compared to analyst estimates of $17.69 billion. As a group, equities analysts forecast that The Boeing Company will post -1.57 earnings per share for the current fiscal year.

About Boeing

(Free Report)

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.

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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