Darden Wealth Group Inc decreased its holdings in The Boeing Company (NYSE:BA - Free Report) by 49.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,011 shares of the aircraft producer's stock after selling 3,900 shares during the period. Darden Wealth Group Inc's holdings in Boeing were worth $610,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Newport Trust Company LLC increased its stake in shares of Boeing by 1.2% during the second quarter. Newport Trust Company LLC now owns 31,640,184 shares of the aircraft producer's stock valued at $5,758,830,000 after buying an additional 388,633 shares during the period. Massachusetts Financial Services Co. MA raised its stake in Boeing by 1.4% in 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 acquiring an additional 106,513 shares during the last quarter. Jennison Associates LLC lifted its holdings in shares of Boeing by 9.9% during the third quarter. Jennison Associates LLC now owns 6,700,706 shares of the aircraft producer's stock worth $1,018,775,000 after purchasing an additional 602,143 shares during the period. Legal & General Group Plc boosted its position in Boeing by 2.0% in the second quarter. Legal & General Group Plc now owns 3,432,485 shares of the aircraft producer's stock valued at $624,749,000 after buying an additional 67,474 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Boeing by 1.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,196,648 shares of the aircraft producer's stock worth $486,018,000 after acquiring an additional 48,637 shares during the period. 64.82% of the stock is owned by hedge funds and other institutional investors.
Shares of BA stock opened at $143.83 on Friday. The stock has a market cap of $88.92 billion, a PE ratio of -11.15 and a beta of 1.57. The Boeing Company has a 1 year low of $137.03 and a 1 year high of $267.54. The stock has a fifty day moving average price of $151.85 and a 200 day moving average price of $168.62.
Boeing (NYSE:BA - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share for the quarter, missing analysts' consensus estimates of ($10.34) by ($0.10). The firm had revenue of $17.84 billion during the quarter, compared to the consensus estimate of $17.81 billion. The firm's revenue was down 1.5% on a year-over-year basis. During the same period last year, the business posted ($3.26) earnings per share. As a group, equities research analysts predict that The Boeing Company will post -16.2 earnings per share for the current year.
A number of analysts have recently commented on the company. The Goldman Sachs Group cut their price objective on Boeing from $232.00 to $202.00 and set a "buy" rating for the company in a research report on Tuesday, September 24th. Morgan Stanley lowered their price target on shares of Boeing from $195.00 to $170.00 and set an "equal weight" rating on the stock in a research report on Thursday, October 24th. Susquehanna reduced their price target on Boeing from $210.00 to $200.00 and set a "positive" rating on the stock in a report on Thursday, October 24th. Jefferies Financial Group lowered their target price on shares of Boeing from $270.00 to $240.00 and set a "buy" rating for the company in a research note on Monday, September 23rd. Finally, DZ Bank cut Boeing from a "buy" rating to a "hold" rating and set a $152.00 price objective for the company. in a research note on Tuesday, October 15th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $190.37.
Check Out Our Latest Research Report on 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.
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