Winslow Capital Management LLC Raises Holdings in Boeing Co (BA)

Winslow Capital Management LLC boosted its position in shares of Boeing Co (NYSE:BA) by 13.3% in the second quarter, HoldingsChannel.com reports. The fund owned 810,952 shares of the aircraft producer’s stock after acquiring an additional 94,962 shares during the quarter. Winslow Capital Management LLC’s holdings in Boeing were worth $272,083,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. FMR LLC lifted its holdings in shares of Boeing by 16.0% in the 2nd quarter. FMR LLC now owns 7,415,662 shares of the aircraft producer’s stock valued at $2,488,029,000 after buying an additional 1,023,959 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of Boeing by 23.3% in the 2nd quarter. Janus Henderson Group PLC now owns 5,928,288 shares of the aircraft producer’s stock valued at $1,989,009,000 after buying an additional 1,121,675 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Boeing by 4.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 5,158,335 shares of the aircraft producer’s stock valued at $1,730,674,000 after buying an additional 227,374 shares during the period. Summit Trail Advisors LLC lifted its holdings in shares of Boeing by 33,457.1% in the 1st quarter. Summit Trail Advisors LLC now owns 3,700,676 shares of the aircraft producer’s stock valued at $3,701,000 after buying an additional 3,689,648 shares during the period. Finally, American Century Companies Inc. raised its holdings in Boeing by 2.0% in the 2nd quarter. American Century Companies Inc. now owns 2,898,444 shares of the aircraft producer’s stock worth $972,457,000 after purchasing an additional 56,375 shares during the period. 69.77% of the stock is owned by institutional investors.

NYSE:BA opened at $356.26 on Friday. Boeing Co has a 12 month low of $254.50 and a 12 month high of $394.28. The company has a quick ratio of 0.32, a current ratio of 1.11 and a debt-to-equity ratio of -7.65. The company has a market cap of $204.67 billion, a price-to-earnings ratio of 24.59, a PEG ratio of 1.78 and a beta of 1.40.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, July 25th. The aircraft producer reported $3.33 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $3.45 by ($0.12). Boeing had a return on equity of 2,344.87% and a net margin of 9.92%. The firm had revenue of $24.26 billion for the quarter, compared to analysts’ expectations of $24.02 billion. During the same quarter last year, the firm posted $2.55 earnings per share. Boeing’s quarterly revenue was up 5.2% on a year-over-year basis. Equities research analysts forecast that Boeing Co will post 14.58 earnings per share for the current year.

BA has been the subject of a number of analyst reports. Canaccord Genuity reaffirmed a “hold” rating and issued a $350.00 price target on shares of Boeing in a report on Tuesday, July 24th. Jefferies Financial Group upped their price target on Boeing to $410.00 and gave the stock a “buy” rating in a report on Thursday, September 6th. Cowen reaffirmed a “buy” rating and issued a $430.00 price target on shares of Boeing in a report on Friday, July 13th. ValuEngine cut Boeing from a “buy” rating to a “hold” rating in a report on Tuesday, September 4th. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $450.00 price target on shares of Boeing in a report on Monday, August 13th. Six analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $401.25.

About Boeing

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services worldwide. The company operates in four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.

See Also: Hedge Funds

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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