Everett Harris & Co. CA Reduces Position in Boeing Co (NYSE:BA)
Everett Harris & Co. CA lowered its holdings in shares of Boeing Co (NYSE:BA) by 1.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,905 shares of the aircraft producer’s stock after selling 70 shares during the quarter. Everett Harris & Co. CA’s holdings in Boeing were worth $1,266,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Public Investment Fund bought a new stake in shares of Boeing in the first quarter worth $713,677,000. Capital World Investors boosted its position in shares of Boeing by 15.1% in the 1st quarter. Capital World Investors now owns 30,555,090 shares of the aircraft producer’s stock valued at $4,556,991,000 after purchasing an additional 3,997,531 shares during the period. Loomis Sayles & Co. L P lifted its holdings in shares of Boeing by 372,990.2% in the first quarter. Loomis Sayles & Co. L P now owns 3,152,612 shares of the aircraft producer’s stock valued at $470,180,000 after purchasing an additional 3,151,767 shares in the last quarter. Advisor Group Holdings Inc. acquired a new stake in Boeing during the 1st quarter worth about $48,135,000. Finally, Capital International Investors boosted its stake in shares of Boeing by 7.7% during the 1st quarter. Capital International Investors now owns 10,734,838 shares of the aircraft producer’s stock valued at $1,600,997,000 after buying an additional 769,205 shares during the period. Institutional investors own 61.66% of the company’s stock.
BA opened at $158.00 on Friday. Boeing Co has a fifty-two week low of $89.00 and a fifty-two week high of $391.00. The company’s 50 day moving average price is $180.12 and its two-hundred day moving average price is $204.01. The firm has a market capitalization of $89.18 billion, a price-to-earnings ratio of -31.29 and a beta of 1.47.
A number of equities research analysts recently issued reports on BA shares. Barclays reiterated a “neutral” rating and issued a $125.00 price objective on shares of Boeing in a report on Friday, May 1st. Canaccord Genuity reaffirmed a “hold” rating and issued a $155.00 price target on shares of Boeing in a research report on Monday, July 20th. Credit Suisse Group reaffirmed a “neutral” rating and set a $156.00 price objective on shares of Boeing in a research report on Wednesday. Jefferies Financial Group raised their target price on Boeing from $185.00 to $270.00 and gave the stock a “buy” rating in a research report on Wednesday, June 10th. Finally, Royal Bank of Canada lifted their price objective on Boeing from $164.00 to $194.00 and gave the company an “outperform” rating in a report on Thursday. Six research analysts have rated the stock with a sell rating, fourteen have given a hold rating and nine have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $217.38.
The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates in four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.
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