Duff & Phelps Investment Management Co. reduced its position in shares of The Boeing Company (NYSE:BA - Free Report) by 80.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,314 shares of the aircraft producer's stock after selling 5,256 shares during the quarter. Duff & Phelps Investment Management Co.'s holdings in Boeing were worth $239,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in the company. Vermillion & White Wealth Management Group LLC acquired a new position in shares of Boeing in the fourth quarter worth $26,000. Kiely Wealth Advisory Group Inc. acquired a new position in shares of Boeing in the second quarter worth $33,000. Vima LLC acquired a new position in shares of Boeing in the fourth quarter worth $34,000. Hobbs Group Advisors LLC acquired a new position in shares of Boeing in the second quarter worth $34,000. Finally, McClarren Financial Advisors Inc. increased its stake in shares of Boeing by 451.4% in the first quarter. McClarren Financial Advisors Inc. now owns 193 shares of the aircraft producer's stock worth $37,000 after acquiring an additional 158 shares during the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts recently issued reports on the stock. Bank of America upped their price objective on shares of Boeing from $180.00 to $200.00 and gave the stock a "neutral" rating in a report on Thursday, June 13th. UBS Group decreased their price objective on shares of Boeing from $250.00 to $240.00 and set a "buy" rating for the company in a report on Friday, June 7th. Stifel Nicolaus upped their price objective on shares of Boeing from $230.00 to $235.00 and gave the stock a "buy" rating in a report on Thursday, August 1st. Robert W. Baird decreased their price target on shares of Boeing from $300.00 to $240.00 and set an "outperform" rating for the company in a report on Monday, June 3rd. Finally, The Goldman Sachs Group decreased their price target on shares of Boeing from $232.00 to $202.00 and set a "buy" rating for the company in a report on Tuesday, September 24th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Boeing currently has a consensus rating of "Moderate Buy" and an average target price of $209.83.
Get Our Latest Stock Analysis on Boeing
NYSE:BA opened at $156.32 on Monday. The Boeing Company has a 12-month low of $151.65 and a 12-month high of $267.54. The firm has a market capitalization of $95.96 billion, a PE ratio of -44.03 and a beta of 1.57. The firm has a 50-day moving average price of $168.52 and a 200 day moving average price of $176.10.
Boeing (NYSE:BA - Get Free Report) last posted its quarterly earnings results on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.00) by ($1.90). The company had revenue of $16.87 billion for the quarter, compared to analysts' expectations of $17.35 billion. The firm's quarterly revenue was down 14.6% on a year-over-year basis. During the same period in the previous year, the business earned ($0.82) earnings per share. On average, research analysts expect that The Boeing Company will post -4.27 EPS for the current year.
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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