Haverford Trust Co Raises Position in The Boeing Company (NYSE:BA)

Haverford Trust Co grew its position in shares of The Boeing Company (NYSE:BA) by 10.5% during the third quarter, HoldingsChannel reports. The institutional investor owned 3,140 shares of the aircraft producer’s stock after purchasing an additional 298 shares during the period. Haverford Trust Co’s holdings in Boeing were worth $477,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Dorsey & Whitney Trust CO LLC grew its holdings in shares of Boeing by 3.4% in the first quarter. Dorsey & Whitney Trust CO LLC now owns 8,220 shares of the aircraft producer’s stock worth $1,586,000 after acquiring an additional 268 shares during the period. Towercrest Capital Management increased its position in Boeing by 5.2% in the first quarter. Towercrest Capital Management now owns 1,357 shares of the aircraft producer’s stock worth $262,000 after buying an additional 67 shares in the last quarter. Nicolet Advisory Services LLC raised its stake in shares of Boeing by 4.6% in the first quarter. Nicolet Advisory Services LLC now owns 9,625 shares of the aircraft producer’s stock worth $1,714,000 after buying an additional 419 shares during the period. Intech Investment Management LLC increased its holdings in Boeing by 8.6% in the 1st quarter. Intech Investment Management LLC now owns 194,189 shares of the aircraft producer’s stock worth $37,477,000 after acquiring an additional 15,299 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in Boeing by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 49,724,770 shares of the aircraft producer’s stock worth $9,596,383,000 after acquiring an additional 1,222,816 shares during the period. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Price Performance

Shares of NYSE:BA opened at $138.13 on Friday. The Boeing Company has a 1 year low of $137.22 and a 1 year high of $267.54. The firm has a market capitalization of $85.39 billion, a P/E ratio of -10.71 and a beta of 1.57. The business’s 50-day moving average is $154.03 and its 200 day moving average is $169.89.

Boeing (NYSE:BA) last released its earnings results 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 business had revenue of $17.84 billion for the quarter, compared to the consensus estimate of $17.81 billion. During the same quarter in the previous year, the company posted ($3.26) earnings per share. The company’s revenue was down 1.5% compared to the same quarter last year. On average, analysts expect that The Boeing Company will post -16.09 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Morgan Stanley dropped their price target on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a research report on Thursday, October 24th. Stifel Nicolaus raised their price target on Boeing from $230.00 to $235.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $200.00 price objective on shares of Boeing in a research note on Wednesday, October 30th. DZ Bank cut shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 target price for the company. in a research note on Tuesday, October 15th. Finally, UBS Group decreased their target price on Boeing from $215.00 to $195.00 and set a “buy” rating on the stock in a research 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 given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Boeing currently has a consensus rating of “Hold” and an average target price of $190.37.

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.