Vanguard Capital Wealth Advisors Decreases Position in The Boeing Company (NYSE:BA)

Vanguard Capital Wealth Advisors lessened its holdings in shares of The Boeing Company (NYSE:BA) by 18.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,665 shares of the aircraft producer’s stock after selling 1,775 shares during the period. Boeing makes up about 1.2% of Vanguard Capital Wealth Advisors’ portfolio, making the stock its 18th biggest holding. Vanguard Capital Wealth Advisors’ holdings in Boeing were worth $1,165,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of Boeing by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 49,724,770 shares of the aircraft producer’s stock valued at $9,596,383,000 after purchasing an additional 1,222,816 shares during the last quarter. Newport Trust Company LLC lifted its holdings in shares of Boeing by 1.2% during the 2nd quarter. Newport Trust Company LLC now owns 31,640,184 shares of the aircraft producer’s stock valued at $5,758,830,000 after purchasing an additional 388,633 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in Boeing by 1.4% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 7,619,126 shares of the aircraft producer’s stock worth $1,386,757,000 after acquiring an additional 106,513 shares during the last quarter. Jennison Associates LLC raised its stake in Boeing by 14.1% in the 1st quarter. Jennison Associates LLC now owns 4,203,435 shares of the aircraft producer’s stock worth $811,221,000 after acquiring an additional 518,952 shares during the last quarter. Finally, Legal & General Group Plc raised its stake in Boeing by 2.0% in the 2nd quarter. Legal & General Group Plc now owns 3,432,485 shares of the aircraft producer’s stock worth $624,749,000 after acquiring an additional 67,474 shares during the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Trading Up 1.5 %

BA stock opened at $152.97 on Wednesday. The Boeing Company has a 12-month low of $146.02 and a 12-month high of $267.54. The stock has a market cap of $93.91 billion, a price-to-earnings ratio of -43.09 and a beta of 1.57. The business’s 50-day moving average is $158.72 and its 200 day moving average is $171.36.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The company 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 posted ($3.26) EPS. The company’s revenue was down 1.5% compared to the same quarter last year. As a group, equities analysts forecast that The Boeing Company will post -5.35 EPS for the current fiscal year.

Analysts Set New Price Targets

BA has been the subject of a number of research analyst reports. DZ Bank lowered Boeing from a “buy” rating to a “hold” rating and set a $152.00 target price for the company. in a research note on Tuesday, October 15th. UBS Group reduced their price objective on Boeing from $215.00 to $195.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. Citigroup reduced their price objective on Boeing from $224.00 to $209.00 and set a “buy” rating for the company in a research note on Tuesday, October 15th. Robert W. Baird reduced their price objective on Boeing from $240.00 to $200.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Finally, Sanford C. Bernstein reduced their price objective on Boeing from $207.00 to $195.00 and set an “outperform” rating for the company in a research note on Thursday, October 17th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Boeing presently has an average rating of “Moderate Buy” and a consensus target price of $191.79.

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.