Financial Counselors Inc. Boosts Stock Holdings in The Boeing Company (NYSE:BA)

Financial Counselors Inc. boosted its position in The Boeing Company (NYSE:BA) by 1.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,762 shares of the aircraft producer’s stock after purchasing an additional 156 shares during the period. Financial Counselors Inc.’s holdings in Boeing were worth $2,687,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of BA. Capital Research Global Investors lifted its position in shares of Boeing by 35.5% during the fourth quarter. Capital Research Global Investors now owns 16,880,647 shares of the aircraft producer’s stock worth $4,400,109,000 after acquiring an additional 4,425,964 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Boeing by 563.9% during the fourth quarter. Wellington Management Group LLP now owns 3,439,093 shares of the aircraft producer’s stock worth $896,434,000 after acquiring an additional 2,921,043 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Boeing by 23.7% during the fourth 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 acquiring an additional 1,884,850 shares in the last quarter. Boston Partners lifted its position in shares of Boeing by 861.6% during the fourth quarter. Boston Partners now owns 1,804,853 shares of the aircraft producer’s stock worth $467,338,000 after acquiring an additional 1,617,151 shares in the last quarter. Finally, Global Assets Advisory LLC bought a new position in shares of Boeing in the first quarter worth $272,312,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Trading Down 7.3 %

Shares of NYSE:BA opened at $161.02 on Wednesday. The stock’s 50-day moving average price is $177.74 and its 200-day moving average price is $181.39. The Boeing Company has a 12-month low of $158.30 and a 12-month high of $267.54. The stock has a market capitalization of $98.85 billion, a P/E ratio of -45.36 and a beta of 1.56.

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

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Susquehanna reaffirmed a “positive” rating and issued a $230.00 price target on shares of Boeing in a report on Wednesday, August 14th. UBS Group decreased their price target on shares of Boeing from $250.00 to $240.00 and set a “buy” rating on the stock in a report on Friday, June 7th. Baird R W raised shares of Boeing to a “strong-buy” rating in a report on Monday, June 3rd. Stifel Nicolaus upped their price target on shares of Boeing from $230.00 to $235.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $225.00 price target on shares of Boeing in a report on Tuesday, June 25th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $211.29.

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.