Rosenberg Matthew Hamilton boosted its stake in shares of The Boeing Company (NYSE:BA – Get Rating) by 20.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,819 shares of the aircraft producer’s stock after acquiring an additional 315 shares during the quarter. Rosenberg Matthew Hamilton’s holdings in Boeing were worth $254,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of the stock. Cordasco Financial Network boosted its stake in shares of Boeing by 133.3% during the 2nd quarter. Cordasco Financial Network now owns 350 shares of the aircraft producer’s stock worth $48,000 after acquiring an additional 200 shares in the last quarter. IFM Investors Pty Ltd boosted its position in Boeing by 10.3% during the second quarter. IFM Investors Pty Ltd now owns 48,989 shares of the aircraft producer’s stock worth $6,698,000 after purchasing an additional 4,561 shares in the last quarter. Gofen & Glossberg LLC IL grew its holdings in Boeing by 9.2% in the second quarter. Gofen & Glossberg LLC IL now owns 168,385 shares of the aircraft producer’s stock valued at $23,022,000 after purchasing an additional 14,247 shares during the period. Krilogy Financial LLC increased its position in shares of Boeing by 48.6% in the second quarter. Krilogy Financial LLC now owns 15,921 shares of the aircraft producer’s stock valued at $2,177,000 after buying an additional 5,209 shares in the last quarter. Finally, Raymond James Trust N.A. raised its stake in shares of Boeing by 5.3% during the 2nd quarter. Raymond James Trust N.A. now owns 22,182 shares of the aircraft producer’s stock worth $3,033,000 after buying an additional 1,110 shares during the period. 57.10% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of equities research analysts recently issued reports on BA shares. Robert W. Baird reissued an “outperform” rating and issued a $245.00 price target on shares of Boeing in a research note on Wednesday, September 7th. StockNews.com upgraded shares of Boeing from a “sell” rating to a “hold” rating in a research report on Friday, July 29th. Morgan Stanley lifted their price objective on Boeing from $215.00 to $233.00 and gave the stock an “overweight” rating in a report on Thursday, September 8th. Bank of America increased their target price on Boeing from $170.00 to $175.00 and gave the company a “neutral” rating in a report on Wednesday, September 7th. Finally, Royal Bank of Canada set a $200.00 target price on Boeing in a research report on Thursday, September 15th. Three investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $218.07.
Boeing Price Performance
Boeing (NYSE:BA – Get Rating) last posted its quarterly earnings results on Wednesday, July 27th. The aircraft producer reported ($0.37) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.23). The firm had revenue of $16.68 billion for the quarter, compared to analyst estimates of $17.53 billion. Boeing’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same period last year, the business posted $0.40 earnings per share. On average, sell-side analysts anticipate that The Boeing Company will post -1.95 earnings per share for the current year.
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 through four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.
- Get a free copy of the StockNews.com research report on Boeing (BA)
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