The Boeing Company (NYSE:BA) Shares Acquired by Czech National Bank

Czech National Bank grew its holdings in shares of The Boeing Company (NYSE:BA) by 35.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 162,090 shares of the aircraft producer’s stock after buying an additional 42,847 shares during the period. Czech National Bank’s holdings in Boeing were worth $28,690,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in the business. RPg Family Wealth Advisory LLC acquired a new stake in Boeing during the 3rd quarter worth $28,000. Cedar Wealth Management LLC acquired a new stake in shares of Boeing during the third quarter worth about $30,000. Kiely Wealth Advisory Group Inc. purchased a new stake in shares of Boeing in the 2nd quarter valued at about $33,000. Planning Capital Management Corp boosted its position in shares of Boeing by 741.0% in the 3rd quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer’s stock valued at $50,000 after purchasing an additional 289 shares during the period. Finally, Meeder Asset Management Inc. grew its stake in Boeing by 325.4% during the 2nd quarter. Meeder Asset Management Inc. now owns 302 shares of the aircraft producer’s stock worth $55,000 after buying an additional 231 shares during the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on BA. The Goldman Sachs Group decreased their price objective on Boeing from $232.00 to $202.00 and set a “buy” rating for the company in a report on Tuesday, September 24th. Royal Bank of Canada restated an “outperform” rating and issued a $200.00 price objective on shares of Boeing in a research note on Wednesday, October 30th. Sanford C. Bernstein downgraded shares of Boeing from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $195.00 to $169.00 in a research note on Wednesday, October 30th. UBS Group dropped their price target on Boeing from $215.00 to $195.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, January 2nd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Boeing presently has a consensus rating of “Moderate Buy” and an average target price of $192.21.

Boeing Trading Up 0.2 %

Shares of BA opened at $172.08 on Monday. The firm’s 50-day moving average is $161.39 and its two-hundred day moving average is $165.16. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $228.28. The firm has a market capitalization of $106.38 billion, a P/E ratio of -13.34 and a beta of 1.52.

Boeing (NYSE:BA) last released 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 company had revenue of $17.84 billion during the quarter, compared to analysts’ expectations of $17.81 billion. Boeing’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period in the prior year, the firm earned ($3.26) earnings per share. Analysts predict that The Boeing Company will post -16.18 EPS for the current year.

Boeing 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.