The Boeing Company (NYSE:BA) Shares Acquired by Mackenzie Financial Corp

Mackenzie Financial Corp raised its stake in The Boeing Company (NYSE:BA) by 1.8% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 196,076 shares of the aircraft producer’s stock after purchasing an additional 3,384 shares during the period. Mackenzie Financial Corp’s holdings in Boeing were worth $35,688,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of BA. Vermillion & White Wealth Management Group LLC acquired a new stake in shares of Boeing during the 4th quarter valued at approximately $26,000. Vima LLC acquired a new stake in shares of Boeing during the fourth quarter worth $34,000. Accent Capital Management LLC bought a new position in shares of Boeing in the 4th quarter worth about $39,000. Frank Rimerman Advisors LLC acquired a new position in shares of Boeing in the 4th quarter valued at about $48,000. Finally, Hobbs Group Advisors LLC bought a new stake in shares of Boeing during the 2nd quarter valued at about $34,000. Institutional investors own 64.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on BA. The Goldman Sachs Group cut their target price on shares of Boeing from $232.00 to $202.00 and set a “buy” rating on the stock in a report on Tuesday, September 24th. Robert W. Baird reduced their price objective on Boeing from $300.00 to $240.00 and set an “outperform” rating for the company in a research report on Monday, June 3rd. Susquehanna reaffirmed a “positive” rating and issued a $230.00 target price on shares of Boeing in a research report on Wednesday, August 14th. Stifel Nicolaus raised their target price on Boeing from $230.00 to $235.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Finally, Sanford C. Bernstein cut their price objective on shares of Boeing from $222.00 to $207.00 and set an “outperform” rating on the stock in a research report on Monday, August 5th. Three analysts have rated the stock with a sell rating, seven have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $209.83.

Boeing Stock Up 1.1 %

Shares of BA stock opened at $156.32 on Friday. The stock has a 50-day simple moving average of $168.52 and a 200 day simple moving average of $176.15. The Boeing Company has a fifty-two week low of $151.65 and a fifty-two week high of $267.54. The stock has a market capitalization of $95.96 billion, a P/E ratio of -44.03 and a beta of 1.57.

Boeing (NYSE:BA) last released its earnings results on Wednesday, July 31st. The aircraft producer reported ($2.90) EPS for the quarter, missing analysts’ consensus estimates of ($1.00) by ($1.90). The company had revenue of $16.87 billion for the quarter, compared to analyst estimates of $17.35 billion. Boeing’s quarterly revenue was down 14.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.82) EPS. On average, sell-side analysts anticipate that The Boeing Company will post -4.27 earnings per share for the current year.

Boeing Company 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.