Mesirow Financial Investment Management Inc. Has $8.14 Million Stock Holdings in The Boeing Company (NYSE:BA)

Mesirow Financial Investment Management Inc. lowered its stake in The Boeing Company (NYSE:BA) by 1.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 44,705 shares of the aircraft producer’s stock after selling 476 shares during the quarter. Mesirow Financial Investment Management Inc.’s holdings in Boeing were worth $8,137,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in BA. Vanguard Group Inc. grew its position 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 worth $9,596,383,000 after buying an additional 1,222,816 shares during the period. Capital Research Global Investors grew its position in shares of Boeing by 35.5% during 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 buying an additional 4,425,964 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of Boeing by 23.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,823,006 shares of the aircraft producer’s stock worth $2,560,466,000 after buying an additional 1,884,850 shares during the period. Massachusetts Financial Services Co. MA grew its position in shares of Boeing by 1.4% during 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 buying an additional 106,513 shares during the period. Finally, Northern Trust Corp grew its position in shares of Boeing by 1.1% during the 4th quarter. Northern Trust Corp now owns 5,003,262 shares of the aircraft producer’s stock worth $1,304,150,000 after buying an additional 52,081 shares during the period. 64.82% of the stock is currently owned by institutional investors.

Boeing Stock Performance

Shares of NYSE BA opened at $156.77 on Monday. The stock has a market capitalization of $96.60 billion, a PE ratio of -44.16 and a beta of 1.57. The Boeing Company has a 52 week low of $155.60 and a 52 week high of $267.54. The stock has a 50 day moving average price of $174.10 and a 200 day moving average price of $179.04.

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

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. UBS Group decreased their target price on Boeing from $250.00 to $240.00 and set a “buy” rating for the company in a research report on Friday, June 7th. Wells Fargo & Company restated an “underweight” rating and set a $119.00 target price (down from $185.00) on shares of Boeing in a research report on Tuesday, September 3rd. Bank of America boosted their target price on Boeing from $180.00 to $200.00 and gave the stock a “neutral” rating in a research report on Thursday, June 13th. Robert W. Baird decreased their price objective on Boeing from $300.00 to $240.00 and set an “outperform” rating for the company in a research report on Monday, June 3rd. Finally, Baird R W upgraded Boeing to a “strong-buy” rating in a research report on Monday, June 3rd. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $211.29.

Boeing Company 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.