Mount Yale Investment Advisors LLC cut its stake in shares of The Boeing Company (NYSE:BA – Free Report) by 21.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,087 shares of the aircraft producer’s stock after selling 837 shares during the period. Mount Yale Investment Advisors LLC’s holdings in Boeing were worth $562,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of BA. Capital Research Global Investors lifted its holdings in Boeing by 35.5% in the fourth quarter. Capital Research Global Investors now owns 16,880,647 shares of the aircraft producer’s stock valued at $4,400,109,000 after acquiring an additional 4,425,964 shares during the period. Wellington Management Group LLP grew its stake in shares of Boeing by 563.9% during the 4th quarter. Wellington Management Group LLP now owns 3,439,093 shares of the aircraft producer’s stock valued at $896,434,000 after purchasing an additional 2,921,043 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of Boeing by 23.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,823,006 shares of the aircraft producer’s stock valued at $2,560,466,000 after purchasing an additional 1,884,850 shares during the last quarter. Global Assets Advisory LLC bought a new position in shares of Boeing in the 1st quarter worth approximately $272,312,000. Finally, Vanguard Group Inc. boosted its holdings in shares of Boeing by 2.5% in the first quarter. Vanguard Group Inc. now owns 49,724,770 shares of the aircraft producer’s stock worth $9,596,383,000 after buying an additional 1,222,816 shares during the last quarter. 64.82% of the stock is owned by institutional investors.
Boeing Price Performance
NYSE BA opened at $156.30 on Tuesday. The Boeing Company has a 1-year low of $151.65 and a 1-year high of $267.54. The business has a 50 day simple moving average of $170.76 and a two-hundred day simple moving average of $177.08. The stock has a market capitalization of $95.95 billion, a PE ratio of -44.03 and a beta of 1.57.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on the stock. Susquehanna reissued a “positive” rating and set a $230.00 price objective on shares of Boeing in a research report on Wednesday, August 14th. Bank of America upped their price target on Boeing from $180.00 to $200.00 and gave the stock a “neutral” rating in a research report on Thursday, June 13th. Wells Fargo & Company reaffirmed an “underweight” rating and set a $119.00 price objective (down from $185.00) on shares of Boeing in a research report on Tuesday, September 3rd. Jefferies Financial Group reduced their target price on shares of Boeing from $270.00 to $240.00 and set a “buy” rating for the company in a report on Monday. Finally, Sanford C. Bernstein dropped their price target on shares of Boeing from $222.00 to $207.00 and set an “outperform” rating for the company in a research report on Monday, August 5th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $212.89.
Check Out Our Latest Stock Report on Boeing
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.
See Also
- Five stocks we like better than Boeing
- Insider Buying Explained: What Investors Need to Know
- The Average 401k Balance by Age Explained
- How to Capture the Benefits of Dividend Increases
- 3 Uranium Stocks To Gain as Microsoft Goes Nuclear to Power AI
- CD Calculator: Certificate of Deposit Calculator
- Biotech Boom Ahead? Key Stocks and ETFs to Watch Now
Want to see what other hedge funds are holding BA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Boeing Company (NYSE:BA – Free Report).
Receive News & Ratings for Boeing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boeing and related companies with MarketBeat.com's FREE daily email newsletter.