The Boeing Company (NYSE:BA) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. cut its stake in The Boeing Company (NYSE:BA) by 14.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,022 shares of the aircraft producer’s stock after selling 843 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Boeing were worth $764,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Envestnet Portfolio Solutions Inc. raised its holdings in shares of Boeing by 115.6% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 14,637 shares of the aircraft producer’s stock worth $2,825,000 after purchasing an additional 7,848 shares during the period. Empowered Funds LLC raised its holdings in shares of Boeing by 44.6% during the first quarter. Empowered Funds LLC now owns 11,940 shares of the aircraft producer’s stock worth $2,304,000 after purchasing an additional 3,680 shares during the period. Sei Investments Co. raised its holdings in shares of Boeing by 14.8% during the first quarter. Sei Investments Co. now owns 234,555 shares of the aircraft producer’s stock worth $45,267,000 after purchasing an additional 30,189 shares during the period. Choate Investment Advisors raised its holdings in shares of Boeing by 9.1% during the first quarter. Choate Investment Advisors now owns 10,139 shares of the aircraft producer’s stock worth $1,957,000 after purchasing an additional 847 shares during the period. Finally, Meeder Advisory Services Inc. raised its holdings in shares of Boeing by 0.9% during the first quarter. Meeder Advisory Services Inc. now owns 7,559 shares of the aircraft producer’s stock worth $1,459,000 after purchasing an additional 65 shares during the period. 64.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BA has been the topic of a number of research reports. Royal Bank of Canada reissued an “outperform” rating and set a $200.00 target price on shares of Boeing in a report on Wednesday, October 30th. Wells Fargo & Company dropped their price objective on shares of Boeing from $86.00 to $85.00 and set an “underweight” rating on the stock in a report on Monday, November 4th. TD Cowen dropped their price objective on shares of Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a report on Monday, October 14th. UBS Group dropped their price objective on shares of Boeing from $215.00 to $195.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. Finally, Benchmark reaffirmed a “buy” rating and issued a $250.00 price objective on shares of Boeing in a report on Thursday, October 24th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Boeing has a consensus rating of “Hold” and an average target price of $190.37.

Boeing Trading Up 0.5 %

NYSE:BA opened at $151.68 on Monday. The Boeing Company has a twelve month low of $144.13 and a twelve month high of $267.54. The company has a 50-day moving average of $155.31 and a 200-day moving average of $170.34. The firm has a market cap of $93.77 billion, a price-to-earnings ratio of -11.76 and a beta of 1.57.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The firm had revenue of $17.84 billion for the quarter, compared to the consensus estimate of $17.81 billion. During the same period last year, the business posted ($3.26) EPS. The company’s quarterly revenue was down 1.5% on a year-over-year basis. On average, research analysts forecast that The Boeing Company will post -16.09 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.