National Pension Service Purchases 78,386 Shares of The Boeing Company (NYSE:BA)

National Pension Service increased its position in shares of The Boeing Company (NYSE:BA) by 8.8% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 965,236 shares of the aircraft producer’s stock after buying an additional 78,386 shares during the quarter. National Pension Service’s holdings in Boeing were worth $146,754,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Van ECK Associates Corp raised its stake in Boeing by 207.9% during the 1st quarter. Van ECK Associates Corp now owns 10,550 shares of the aircraft producer’s stock valued at $2,036,000 after purchasing an additional 7,124 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors raised its stake in Boeing by 114.3% during the 1st quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 4,975 shares of the aircraft producer’s stock valued at $960,000 after purchasing an additional 2,654 shares during the last quarter. Avidian Wealth Solutions LLC raised its stake in Boeing by 2.6% during the 1st quarter. Avidian Wealth Solutions LLC now owns 5,017 shares of the aircraft producer’s stock valued at $968,000 after purchasing an additional 129 shares during the last quarter. Catalina Capital Group LLC acquired a new position in Boeing during the 1st quarter valued at $224,000. Finally, Carson Advisory Inc. raised its stake in Boeing by 32.1% during the 1st quarter. Carson Advisory Inc. now owns 4,948 shares of the aircraft producer’s stock valued at $955,000 after purchasing an additional 1,203 shares during the last quarter. 64.82% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently commented on BA. Deutsche Bank Aktiengesellschaft cut their target price on shares of Boeing from $225.00 to $195.00 and set a “buy” rating for the company in a research note on Thursday, October 3rd. Morgan Stanley dropped their price objective on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a research note on Thursday, October 24th. Citigroup dropped their price objective on shares of Boeing from $224.00 to $209.00 and set a “buy” rating for the company in a research note on Tuesday, October 15th. The Goldman Sachs Group dropped their price objective on shares of Boeing from $232.00 to $202.00 and set a “buy” rating for the company in a research note on Tuesday, September 24th. Finally, Robert W. Baird dropped their price objective on shares of Boeing from $240.00 to $200.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $190.37.

Boeing Trading Up 0.3 %

Shares of NYSE BA opened at $155.07 on Tuesday. The firm has a market capitalization of $95.86 billion, a PE ratio of -12.02 and a beta of 1.57. The Boeing Company has a 1 year low of $146.02 and a 1 year high of $267.54. The firm’s 50-day moving average is $157.09 and its 200-day moving average is $170.90.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share (EPS) 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. The company’s revenue was down 1.5% on a year-over-year basis. During the same quarter in the previous year, the business earned ($3.26) earnings per share. As a group, equities research analysts anticipate that The Boeing Company will post -16.15 earnings per share for the current fiscal 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.