Citizens Financial Group Inc. RI Increases Holdings in The Boeing Company (NYSE:BA)

Citizens Financial Group Inc. RI increased its holdings in The Boeing Company (NYSE:BA) by 11.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 31,252 shares of the aircraft producer’s stock after buying an additional 3,101 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in Boeing were worth $5,688,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of BA. Brio Consultants LLC acquired a new stake in Boeing during the fourth quarter worth about $207,000. Gryphon Financial Partners LLC acquired a new stake in shares of Boeing during the 4th quarter worth approximately $258,000. Brown Advisory Inc. increased its holdings in shares of Boeing by 3.2% during the 4th quarter. Brown Advisory Inc. now owns 45,211 shares of the aircraft producer’s stock valued at $11,785,000 after purchasing an additional 1,395 shares in the last quarter. Main Street Financial Solutions LLC acquired a new position in shares of Boeing in the 4th quarter valued at $252,000. Finally, Coldstream Capital Management Inc. boosted its holdings in Boeing by 1.4% during the fourth quarter. Coldstream Capital Management Inc. now owns 22,263 shares of the aircraft producer’s stock worth $5,803,000 after buying an additional 307 shares in the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on BA. Sanford C. Bernstein lowered their price target on Boeing from $222.00 to $207.00 and set an “outperform” rating on the stock in a research report on Monday, August 5th. Bank of America lifted their price target 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. Susquehanna restated a “positive” rating and set a $230.00 price objective on shares of Boeing in a research report on Wednesday, August 14th. Wells Fargo & Company reiterated an “underweight” rating and issued a $119.00 target price (down previously from $185.00) on shares of Boeing in a research report on Tuesday, September 3rd. Finally, Stifel Nicolaus upped their price target on shares of Boeing from $230.00 to $235.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $211.29.

Boeing Price Performance

Shares of BA stock opened at $155.54 on Tuesday. The firm’s 50-day moving average is $173.49 and its two-hundred day moving average is $178.70. The company has a market capitalization of $95.48 billion, a PE ratio of -43.81 and a beta of 1.57. The Boeing Company has a 12 month low of $154.02 and a 12 month high of $267.54.

Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, July 31st. The aircraft producer reported ($2.90) EPS for the quarter, missing the consensus estimate of ($1.00) by ($1.90). The firm had revenue of $16.87 billion for the quarter, compared to analysts’ expectations of $17.35 billion. The business’s revenue for the quarter was down 14.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.82) earnings per share. Sell-side analysts forecast that The Boeing Company will post -4.26 EPS for the current year.

About Boeing

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.