The Boeing Company (NYSE:BA) Holdings Raised by Simon Quick Advisors LLC

Simon Quick Advisors LLC grew its stake in shares of The Boeing Company (NYSE:BA) by 117.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,124 shares of the aircraft producer’s stock after acquiring an additional 2,229 shares during the period. Simon Quick Advisors LLC’s holdings in Boeing were worth $730,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Thrivent Financial for Lutherans grew its position in Boeing by 28.2% in the second quarter. Thrivent Financial for Lutherans now owns 32,646 shares of the aircraft producer’s stock worth $5,942,000 after acquiring an additional 7,182 shares in the last quarter. Frank Rimerman Advisors LLC lifted its stake in shares of Boeing by 1,401.6% in the 2nd quarter. Frank Rimerman Advisors LLC now owns 2,778 shares of the aircraft producer’s stock valued at $506,000 after purchasing an additional 2,593 shares during the last quarter. Public Sector Pension Investment Board boosted its holdings in Boeing by 72.7% in the second quarter. Public Sector Pension Investment Board now owns 21,790 shares of the aircraft producer’s stock worth $3,966,000 after purchasing an additional 9,171 shares in the last quarter. Evergreen Capital Management LLC increased its position in Boeing by 3.1% during the second quarter. Evergreen Capital Management LLC now owns 6,260 shares of the aircraft producer’s stock worth $1,139,000 after buying an additional 191 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in Boeing by 61.3% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 111,023 shares of the aircraft producer’s stock valued at $20,207,000 after buying an additional 42,174 shares in the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

Boeing Price Performance

BA opened at $174.87 on Thursday. The Boeing Company has a fifty-two week low of $137.03 and a fifty-two week high of $217.59. The company has a market capitalization of $108.11 billion, a P/E ratio of -13.56 and a beta of 1.52. The firm’s fifty day moving average price is $164.20 and its two-hundred day moving average price is $164.46.

Boeing (NYSE:BA) last posted its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The company had revenue of $17.84 billion for the quarter, compared to analyst estimates of $17.81 billion. The firm’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($3.26) earnings per share. On average, equities research analysts expect that The Boeing Company will post -16.46 EPS for the current fiscal year.

Analysts Set New Price Targets

BA has been the subject of several recent analyst reports. Robert W. Baird decreased their price target on Boeing from $240.00 to $200.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. JPMorgan Chase & Co. lowered their price target on Boeing from $195.00 to $190.00 and set an “overweight” rating on the stock in a report on Monday, November 25th. Wells Fargo & Company reduced their price objective on shares of Boeing from $86.00 to $85.00 and set an “underweight” rating for the company in a research note on Monday, November 4th. Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 target price on shares of Boeing in a research note on Wednesday, October 30th. Finally, UBS Group cut their target price on shares of Boeing from $215.00 to $195.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $192.21.

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.