Princeton Portfolio Strategies Group LLC lessened its position in Boeing Co (NYSE:BA) by 3.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,485 shares of the aircraft producer’s stock after selling 150 shares during the quarter. Princeton Portfolio Strategies Group LLC’s holdings in Boeing were worth $1,505,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Bank of New York Mellon Corp increased its position in shares of Boeing by 4.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 5,158,335 shares of the aircraft producer’s stock worth $1,730,674,000 after purchasing an additional 227,374 shares during the last quarter. Summit Trail Advisors LLC increased its position in shares of Boeing by 33,457.1% during the 1st quarter. Summit Trail Advisors LLC now owns 3,700,676 shares of the aircraft producer’s stock worth $3,701,000 after purchasing an additional 3,689,648 shares during the last quarter. Cornerstone Wealth Management LLC increased its position in shares of Boeing by 33,433.9% during the 2nd quarter. Cornerstone Wealth Management LLC now owns 2,409,747 shares of the aircraft producer’s stock worth $7,169,000 after purchasing an additional 2,402,561 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Boeing by 5.3% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,064,080 shares of the aircraft producer’s stock worth $692,519,000 after purchasing an additional 103,855 shares during the last quarter. Finally, Franklin Resources Inc. increased its position in shares of Boeing by 9.4% during the 1st quarter. Franklin Resources Inc. now owns 1,737,835 shares of the aircraft producer’s stock worth $569,805,000 after purchasing an additional 149,556 shares during the last quarter. 69.67% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts have weighed in on BA shares. Jefferies Financial Group boosted their price target on Boeing to $410.00 and gave the stock a “buy” rating in a research report on Thursday, September 6th. Berenberg Bank reaffirmed a “buy” rating and set a $430.00 price target on shares of Boeing in a research report on Monday, September 3rd. Robert W. Baird reissued a “buy” rating and set a $450.00 target price on shares of Boeing in a report on Monday, August 13th. Buckingham Research boosted their target price on Boeing from $289.00 to $324.00 and gave the stock a “hold” rating in a report on Monday, June 4th. Finally, Canaccord Genuity reissued a “hold” rating and set a $350.00 target price on shares of Boeing in a report on Tuesday, July 24th. Six analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $400.60.

BA opened at $367.39 on Friday. The firm has a market capitalization of $210.98 billion, a P/E ratio of 30.51, a PEG ratio of 1.83 and a beta of 1.44. Boeing Co has a 1 year low of $251.17 and a 1 year high of $374.48. The company has a quick ratio of 0.32, a current ratio of 1.11 and a debt-to-equity ratio of -7.65.

Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, July 25th. The aircraft producer reported $3.33 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $3.45 by ($0.12). The firm had revenue of $24.26 billion during the quarter, compared to the consensus estimate of $24.02 billion. Boeing had a net margin of 9.92% and a return on equity of 2,344.87%. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter last year, the firm earned $2.55 earnings per share. research analysts expect that Boeing Co will post 14.6 EPS for the current fiscal year.

Boeing Profile

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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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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