Highland Capital Management LLC Has $3.56 Million Stake in The Boeing Company (NYSE:BA)

Highland Capital Management LLC trimmed its stake in The Boeing Company (NYSE:BAGet Rating) by 6.3% in the second quarter, HoldingsChannel.com reports. The firm owned 26,067 shares of the aircraft producer’s stock after selling 1,750 shares during the period. Highland Capital Management LLC’s holdings in Boeing were worth $3,564,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of BA. Loomis Sayles & Co. L P increased its holdings in Boeing by 19.8% in the fourth quarter. Loomis Sayles & Co. L P now owns 13,367,929 shares of the aircraft producer’s stock valued at $2,691,231,000 after purchasing an additional 2,210,908 shares during the period. BlackRock Inc. increased its holdings in Boeing by 2.9% in the first quarter. BlackRock Inc. now owns 31,674,287 shares of the aircraft producer’s stock valued at $6,065,627,000 after purchasing an additional 887,382 shares during the period. Renaissance Technologies LLC acquired a new stake in Boeing in the first quarter valued at $135,429,000. Wellington Management Group LLP boosted its position in Boeing by 125.0% during the first quarter. Wellington Management Group LLP now owns 1,139,143 shares of the aircraft producer’s stock valued at $218,147,000 after acquiring an additional 632,913 shares during the last quarter. Finally, Nuveen Asset Management LLC boosted its position in Boeing by 17.9% during the fourth quarter. Nuveen Asset Management LLC now owns 3,636,168 shares of the aircraft producer’s stock valued at $732,033,000 after acquiring an additional 552,493 shares during the last quarter. 57.10% of the stock is currently owned by institutional investors and hedge funds.

Boeing Trading Down 3.2 %

NYSE:BA opened at $138.71 on Friday. The Boeing Company has a 52 week low of $113.02 and a 52 week high of $233.94. The firm has a 50-day moving average price of $158.67 and a two-hundred day moving average price of $156.08.

Boeing (NYSE:BAGet Rating) last posted its quarterly earnings data on Wednesday, July 27th. The aircraft producer reported ($0.37) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.23). The business had revenue of $16.68 billion for the quarter, compared to analysts’ expectations of $17.53 billion. The business’s revenue was down 1.9% on a year-over-year basis. During the same period last year, the business posted $0.40 EPS. Equities analysts forecast that The Boeing Company will post -1.95 earnings per share for the current year.

Analyst Ratings Changes

BA has been the topic of a number of research analyst reports. Royal Bank of Canada set a $200.00 price objective on shares of Boeing in a research report on Thursday, September 15th. Morgan Stanley increased their price objective on shares of Boeing from $215.00 to $233.00 and gave the stock an “overweight” rating in a research report on Thursday, September 8th. JPMorgan Chase & Co. increased their price objective on shares of Boeing from $188.00 to $200.00 in a research report on Thursday, July 28th. Robert W. Baird reaffirmed an “outperform” rating and issued a $245.00 price target on shares of Boeing in a research report on Wednesday, September 7th. Finally, Bank of America raised their price target on shares of Boeing from $170.00 to $175.00 and gave the company a “neutral” rating in a research report on Wednesday, September 7th. Three investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $218.07.

Boeing Profile

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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 through four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.

See Also

Want to see what other hedge funds are holding BA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Boeing Company (NYSE:BAGet Rating).

Institutional Ownership by Quarter for Boeing (NYSE:BA)

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