Grandfield & Dodd LLC Cuts Position in The Boeing Company (NYSE:BA)

Grandfield & Dodd LLC lessened its holdings in The Boeing Company (NYSE:BAFree Report) by 3.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,130 shares of the aircraft producer’s stock after selling 67 shares during the period. Grandfield & Dodd LLC’s holdings in Boeing were worth $555,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of BA. Moneta Group Investment Advisors LLC increased its stake 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 valued at $3,058,456,000 after purchasing an additional 16,041,103 shares in the last quarter. Barclays PLC increased its stake in shares of Boeing by 599.0% in the 2nd quarter. Barclays PLC now owns 1,522,410 shares of the aircraft producer’s stock valued at $321,475,000 after purchasing an additional 1,827,485 shares in the last quarter. Lazard Asset Management LLC increased its stake in shares of Boeing by 8,961.2% in the 3rd quarter. Lazard Asset Management LLC now owns 1,161,461 shares of the aircraft producer’s stock valued at $222,628,000 after purchasing an additional 1,148,643 shares in the last quarter. Morgan Stanley increased its stake in shares of Boeing by 11.7% in the 4th quarter. Morgan Stanley now owns 8,321,871 shares of the aircraft producer’s stock valued at $1,585,234,000 after purchasing an additional 872,795 shares in the last quarter. Finally, Invesco Ltd. increased its stake in shares of Boeing by 30.1% in the 3rd quarter. Invesco Ltd. now owns 3,279,421 shares of the aircraft producer’s stock valued at $628,599,000 after purchasing an additional 759,267 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on BA shares. Edward Jones lowered Boeing from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Sanford C. Bernstein cut their price objective on Boeing from $272.00 to $240.00 and set an “outperform” rating for the company in a research note on Monday, April 8th. Benchmark reiterated a “buy” rating and set a $250.00 price objective on shares of Boeing in a research note on Tuesday, March 26th. Morgan Stanley cut their price objective on Boeing from $235.00 to $180.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 10th. Finally, Wells Fargo & Company cut their price objective on Boeing from $225.00 to $215.00 and set an “equal weight” rating for the company in a research note on Thursday, February 1st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Boeing has a consensus rating of “Moderate Buy” and an average price target of $229.35.

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Boeing Stock Performance

Shares of Boeing stock opened at $169.82 on Friday. The Boeing Company has a 1-year low of $167.53 and a 1-year high of $267.54. The stock’s 50 day simple moving average is $190.29 and its 200-day simple moving average is $207.28.

Boeing (NYSE:BAGet Free Report) last released its quarterly earnings data on Wednesday, January 31st. The aircraft producer reported ($0.47) EPS for the quarter, beating analysts’ consensus estimates of ($0.72) by $0.25. The business had revenue of $22.02 billion during the quarter, compared to analyst estimates of $21.14 billion. During the same quarter in the prior year, the company posted ($1.75) earnings per share. The company’s revenue was up 10.2% on a year-over-year basis. On average, equities analysts expect that The Boeing Company will post 0.32 EPS for the current year.

Boeing 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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