Robeco Institutional Asset Management B.V. reduced its position in shares of The Boeing Company (NYSE:BA – Free Report) by 0.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,064 shares of the aircraft producer’s stock after selling 245 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Boeing were worth $6,811,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BA. Moneta Group Investment Advisors LLC boosted its stake in shares of Boeing by 109,667.8% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 16,055,730 shares of the aircraft producer’s stock valued at $3,058,456,000 after purchasing an additional 16,041,103 shares in the last quarter. Fisher Asset Management LLC raised its holdings in Boeing by 734.7% in the 1st quarter. Fisher Asset Management LLC now owns 4,359,740 shares of the aircraft producer’s stock valued at $926,140,000 after buying an additional 3,837,422 shares during the last quarter. Morgan Stanley raised its holdings in Boeing by 11.7% during the 4th quarter. Morgan Stanley now owns 8,321,871 shares of the aircraft producer’s stock worth $1,585,234,000 after purchasing an additional 872,795 shares during the last quarter. Renaissance Technologies LLC bought a new position in Boeing during the 1st quarter worth approximately $135,429,000. Finally, Toronto Dominion Bank increased its stake in shares of Boeing by 13,008.8% in the 4th quarter. Toronto Dominion Bank now owns 686,246 shares of the aircraft producer’s stock valued at $130,646,000 after acquiring an additional 681,011 shares in the last quarter. 60.22% of the stock is owned by institutional investors.
Boeing Stock Performance
NYSE:BA opened at $231.38 on Thursday. The firm has a market cap of $139.20 billion, a PE ratio of -30.89 and a beta of 1.41. The Boeing Company has a fifty-two week low of $120.99 and a fifty-two week high of $243.10. The business has a 50 day moving average price of $214.92 and a 200-day moving average price of $209.74.
Analyst Ratings Changes
Several analysts have recently weighed in on BA shares. Bank of America upgraded shares of Boeing from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $225.00 to $300.00 in a research note on Thursday, July 27th. Citigroup lifted their price target on shares of Boeing from $248.00 to $285.00 and gave the company a “buy” rating in a research report on Friday, July 28th. StockNews.com raised shares of Boeing from a “sell” rating to a “hold” rating in a report on Monday, June 26th. Jefferies Financial Group lifted their price objective on shares of Boeing from $250.00 to $275.00 and gave the stock a “buy” rating in a report on Monday. Finally, Northcoast Research raised shares of Boeing from a “sell” rating to a “neutral” rating in a report on Tuesday. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $242.64.
Read Our Latest Stock Report on BA
Insider Activity at Boeing
In other Boeing news, Director Steven M. Mollenkopf bought 850 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The stock was bought at an average price of $237.00 per share, for a total transaction of $201,450.00. Following the completion of the acquisition, the director now directly owns 3,767 shares in the company, valued at $892,779. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.15% of the stock is owned by corporate insiders.
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 four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.
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