Tidal Investments LLC Has $6.97 Million Stock Holdings in The Boeing Company (NYSE:BA)

Tidal Investments LLC increased its position in shares of The Boeing Company (NYSE:BA) by 22.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 36,178 shares of the aircraft producer’s stock after buying an additional 6,559 shares during the quarter. Tidal Investments LLC’s holdings in Boeing were worth $6,973,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Capital Research Global Investors grew its position in Boeing by 35.5% in the 4th 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 in the last quarter. Jennison Associates LLC purchased a new stake in shares of Boeing during the 4th quarter valued at $960,397,000. Wellington Management Group LLP boosted its holdings in shares of Boeing by 563.9% in the 4th quarter. Wellington Management Group LLP now owns 3,439,093 shares of the aircraft producer’s stock worth $896,434,000 after buying an additional 2,921,043 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Boeing by 23.7% during 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 buying an additional 1,884,850 shares during the period. Finally, Boston Partners increased its holdings in Boeing by 861.6% during the fourth quarter. Boston Partners now owns 1,804,853 shares of the aircraft producer’s stock worth $467,338,000 after buying an additional 1,617,151 shares during the last quarter. Institutional investors own 64.82% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on BA. Northcoast Research downgraded shares of Boeing from a “neutral” rating to a “sell” rating and set a $140.00 price objective for the company. in a report on Wednesday, April 17th. UBS Group reduced their price target on Boeing from $250.00 to $240.00 and set a “buy” rating for the company in a research report on Friday, June 7th. Sanford C. Bernstein dropped their price objective on Boeing from $230.00 to $215.00 and set an “outperform” rating on the stock in a report on Monday, June 3rd. Robert W. Baird reduced their target price on Boeing from $300.00 to $240.00 and set an “outperform” rating for the company in a report on Monday, June 3rd. Finally, JPMorgan Chase & Co. decreased their target price on Boeing from $230.00 to $210.00 and set an “overweight” rating on the stock in a research note on Friday, April 12th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $217.41.

Boeing Stock Down 5.6 %

Shares of NYSE BA traded down $10.59 on Thursday, reaching $180.01. 4,908,223 shares of the company’s stock traded hands, compared to its average volume of 8,129,298. The business’s 50 day simple moving average is $181.84 and its two-hundred day simple moving average is $187.77. The Boeing Company has a 12 month low of $159.70 and a 12 month high of $267.54. The company has a market cap of $110.50 billion, a price-to-earnings ratio of -50.71 and a beta of 1.56.

Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.00) by ($1.90). The firm had revenue of $16.87 billion during the quarter, compared to analysts’ expectations of $17.35 billion. Boeing’s revenue was down 14.6% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.82) earnings per share. Analysts forecast that The Boeing Company will post -2.27 earnings per share for the current fiscal year.

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.