Crescent Grove Advisors LLC Has $1.48 Million Stock Position in The Boeing Company (NYSE:BA)

Crescent Grove Advisors LLC lowered its stake in The Boeing Company (NYSE:BA) by 15.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,667 shares of the aircraft producer’s stock after selling 1,015 shares during the quarter. Crescent Grove Advisors LLC’s holdings in Boeing were worth $1,477,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of Boeing by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 47,609,508 shares of the aircraft producer’s stock valued at $9,125,790,000 after purchasing an additional 356,496 shares during the period. Moneta Group Investment Advisors LLC lifted its holdings in Boeing by 109,667.8% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 16,055,730 shares of the aircraft producer’s stock worth $3,058,456,000 after acquiring an additional 16,041,103 shares in the last quarter. Morgan Stanley lifted its holdings in Boeing by 1.1% during the third quarter. Morgan Stanley now owns 8,362,267 shares of the aircraft producer’s stock worth $1,602,880,000 after acquiring an additional 91,801 shares in the last quarter. Nuveen Asset Management LLC lifted its holdings in Boeing by 7.9% during the second quarter. Nuveen Asset Management LLC now owns 6,200,798 shares of the aircraft producer’s stock worth $1,309,361,000 after acquiring an additional 452,721 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in Boeing by 3.2% during the third quarter. Northern Trust Corp now owns 4,951,181 shares of the aircraft producer’s stock worth $949,042,000 after acquiring an additional 153,168 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Price Performance

Shares of NYSE:BA traded down $1.73 during trading hours on Monday, hitting $167.82. 6,430,978 shares of the company’s stock traded hands, compared to its average volume of 9,881,365. The Boeing Company has a 1 year low of $167.53 and a 1 year high of $267.54. The business has a fifty day moving average price of $194.23 and a 200-day moving average price of $208.11. The firm has a market capitalization of $102.39 billion, a P/E ratio of -45.81, a price-to-earnings-growth ratio of 115.71 and a beta of 1.52.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.72) by $0.25. The firm had revenue of $22.02 billion during the quarter, compared to analysts’ expectations of $21.14 billion. The firm’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($1.75) EPS. As a group, equities analysts predict that The Boeing Company will post 0.37 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on BA shares. Melius reiterated a “hold” rating on shares of Boeing in a report on Monday, April 1st. Bank of America cut their price target on Boeing from $210.00 to $190.00 and set a “neutral” rating on the stock in a report on Thursday. Citigroup lowered their target price on Boeing from $263.00 to $252.00 and set a “buy” rating on the stock in a research report on Thursday, March 28th. Benchmark reaffirmed a “buy” rating and issued a $250.00 target price on shares of Boeing in a research report on Tuesday, March 26th. Finally, Susquehanna lowered their price target on Boeing from $265.00 to $230.00 and set a “positive” rating on the stock in a research report on Thursday, March 21st. Nine investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, Boeing presently has an average rating of “Moderate Buy” and a consensus price target of $236.53.

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.