Windward Capital Management Co. CA Reduces Stock Position in The Boeing Company (NYSE:BA)

Windward Capital Management Co. CA lowered its position in The Boeing Company (NYSE:BAFree Report) by 0.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 48,207 shares of the aircraft producer’s stock after selling 195 shares during the quarter. Boeing comprises about 1.1% of Windward Capital Management Co. CA’s portfolio, making the stock its 27th largest position. Windward Capital Management Co. CA’s holdings in Boeing were worth $12,566,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in BA. Moneta Group Investment Advisors LLC raised its position in shares of Boeing by 109,667.8% in the 4th 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. Barclays PLC grew its position in Boeing by 599.0% during the 2nd quarter. Barclays PLC now owns 1,522,410 shares of the aircraft producer’s stock worth $321,475,000 after purchasing an additional 1,827,485 shares during the last quarter. Lazard Asset Management LLC lifted its position in Boeing by 8,961.2% during the 3rd quarter. Lazard Asset Management LLC now owns 1,161,461 shares of the aircraft producer’s stock worth $222,628,000 after acquiring an additional 1,148,643 shares during the period. Morgan Stanley increased its stake in shares of Boeing by 11.7% in the fourth quarter. Morgan Stanley now owns 8,321,871 shares of the aircraft producer’s stock worth $1,585,234,000 after acquiring an additional 872,795 shares during the period. Finally, BlackRock Inc. lifted its holdings in Boeing by 2.4% in the second quarter. BlackRock Inc. now owns 36,819,108 shares of the aircraft producer’s stock valued at $7,774,723,000 after acquiring an additional 868,582 shares during the period. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. UBS Group dropped their price target on shares of Boeing from $275.00 to $250.00 and set a “buy” rating on the stock in a research note on Thursday, March 21st. Stifel Nicolaus reiterated a “buy” rating and issued a $270.00 price objective on shares of Boeing in a report on Monday. Morgan Stanley restated an “equal weight” rating and issued a $235.00 price objective on shares of Boeing in a report on Monday. William Blair assumed coverage on Boeing in a research report on Tuesday, December 12th. They issued an “outperform” rating on the stock. Finally, Bank of America dropped their price objective on Boeing from $225.00 to $210.00 and set a “neutral” rating for the company in a research note on Thursday, March 21st. Seven equities 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, the company currently has a consensus rating of “Moderate Buy” and an average target price of $242.19.

Check Out Our Latest Research Report on BA

Boeing Stock Performance

NYSE:BA opened at $191.41 on Tuesday. The firm’s fifty day simple moving average is $201.60 and its 200 day simple moving average is $210.30. The Boeing Company has a twelve month low of $176.25 and a twelve month high of $267.54.

Boeing (NYSE:BAGet Free Report) last issued its earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share for the quarter, topping the consensus estimate of ($0.72) by $0.25. The company had revenue of $22.02 billion during the quarter, compared to analysts’ expectations of $21.14 billion. Boeing’s quarterly revenue was up 10.2% on a year-over-year basis. During the same period in the previous year, the company earned ($1.75) EPS. Sell-side analysts anticipate that The Boeing Company will post 1.9 earnings per share for the current year.

Boeing Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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