The Boeing Company (NYSE:BA) Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC lessened its stake in The Boeing Company (NYSE:BA) by 44.9% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 25,514 shares of the aircraft producer’s stock after selling 20,757 shares during the period. Intech Investment Management LLC’s holdings in Boeing were worth $5,388,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Coston McIsaac & Partners boosted its position in Boeing by 62.5% in the 2nd quarter. Coston McIsaac & Partners now owns 130 shares of the aircraft producer’s stock valued at $27,000 after buying an additional 50 shares during the period. IFS Advisors LLC increased its position in shares of Boeing by 523.8% during the second quarter. IFS Advisors LLC now owns 131 shares of the aircraft producer’s stock worth $28,000 after acquiring an additional 110 shares during the period. M&R Capital Management Inc. increased its position in shares of Boeing by 90.7% during the second quarter. M&R Capital Management Inc. now owns 143 shares of the aircraft producer’s stock worth $30,000 after acquiring an additional 68 shares during the period. Blue Bell Private Wealth Management LLC grew its stake in Boeing by 54.3% during the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 142 shares of the aircraft producer’s stock worth $30,000 after purchasing an additional 50 shares in the last quarter. Finally, Raleigh Capital Management Inc. increased its holdings in Boeing by 48.5% during the 1st quarter. Raleigh Capital Management Inc. now owns 153 shares of the aircraft producer’s stock worth $33,000 after purchasing an additional 50 shares during the period. Institutional investors and hedge funds own 61.33% of the company’s stock.

Boeing Stock Up 1.4 %

NYSE:BA opened at $207.41 on Wednesday. The stock’s 50 day moving average price is $194.18 and its 200 day moving average price is $208.42. The company has a market capitalization of $125.48 billion, a PE ratio of -44.13 and a beta of 1.48. The Boeing Company has a 52-week low of $168.52 and a 52-week high of $243.10.

Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, October 25th. The aircraft producer reported ($3.26) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($3.21) by ($0.05). The company had revenue of $18.10 billion during the quarter, compared to analysts’ expectations of $18.01 billion. The firm’s revenue was up 13.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($6.18) EPS. As a group, sell-side analysts anticipate that The Boeing Company will post -5.6 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Wells Fargo & Company cut their price target on Boeing from $270.00 to $230.00 and set an “overweight” rating on the stock in a report on Tuesday, October 3rd. Bank of America upgraded Boeing from a “neutral” rating to a “buy” rating and upped their price target for the stock from $225.00 to $300.00 in a report on Thursday, July 27th. UBS Group assumed coverage on Boeing in a report on Tuesday, October 10th. They set a “buy” rating and a $275.00 price target on the stock. Citigroup cut their price target on Boeing from $285.00 to $271.00 and set a “buy” rating on the stock in a report on Thursday, October 26th. Finally, Northcoast Research upgraded Boeing from a “neutral” rating to a “buy” rating and set a $217.00 price target on the stock in a report on Tuesday, October 31st. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, Boeing currently has a consensus rating of “Moderate Buy” and a consensus price target of $245.25.

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 four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.