Boston Trust Walden Corp Sells 200 Shares of The Boeing Company (NYSE:BA)

Boston Trust Walden Corp cut its position in shares of The Boeing Company (NYSE:BA) by 5.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,430 shares of the aircraft producer’s stock after selling 200 shares during the quarter. Boston Trust Walden Corp’s holdings in Boeing were worth $624,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Boeing by 2.5% during the first quarter. Vanguard Group Inc. now owns 49,724,770 shares of the aircraft producer’s stock valued at $9,596,383,000 after purchasing an additional 1,222,816 shares during the period. Capital Research Global Investors grew its stake in shares of Boeing by 35.5% during the 4th 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 during the period. Price T Rowe Associates Inc. MD increased its holdings in Boeing by 23.7% in the 4th 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 during the last quarter. Northern Trust Corp raised its stake in Boeing by 1.1% in the 4th quarter. Northern Trust Corp now owns 5,003,262 shares of the aircraft producer’s stock valued at $1,304,150,000 after acquiring an additional 52,081 shares during the period. Finally, Jennison Associates LLC lifted its holdings in Boeing by 14.1% during the first quarter. Jennison Associates LLC now owns 4,203,435 shares of the aircraft producer’s stock valued at $811,221,000 after purchasing an additional 518,952 shares during the last quarter. 64.82% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on BA shares. Robert W. Baird reduced their target price on shares of Boeing from $300.00 to $240.00 and set an “outperform” rating for the company in a research note on Monday, June 3rd. Bank of America boosted their target price on shares of Boeing from $180.00 to $200.00 and gave the company a “neutral” rating in a report on Thursday, June 13th. Sanford C. Bernstein decreased their price objective on Boeing from $222.00 to $207.00 and set an “outperform” rating on the stock in a research note on Monday, August 5th. Wells Fargo & Company decreased their price target on Boeing from $190.00 to $185.00 and set an “equal weight” rating on the stock in a research report on Friday, August 2nd. Finally, Citigroup cut their price target on shares of Boeing from $252.00 to $224.00 and set a “buy” rating for the company in a report on Thursday, April 25th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $215.18.

Boeing Stock Up 2.0 %

Shares of Boeing stock opened at $179.99 on Monday. The company has a market cap of $110.49 billion, a PE ratio of -50.70 and a beta of 1.56. The business has a 50 day moving average of $179.34 and a 200 day moving average of $184.34. The Boeing Company has a 52 week low of $159.70 and a 52 week high of $267.54.

Boeing (NYSE:BA) last announced its earnings results on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share (EPS) for the quarter, missing the consensus estimate 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 period in the prior year, the company earned ($0.82) earnings per share. The business’s quarterly revenue was down 14.6% on a year-over-year basis. On average, research analysts anticipate that The Boeing Company will post -2.38 earnings per share for the current year.

Boeing Profile

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.