The Boeing Company (NYSE:BA) Stock Holdings Boosted by Natixis Advisors L.P.

Natixis Advisors L.P. increased its position in The Boeing Company (NYSE:BA) by 1.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,009,363 shares of the aircraft producer’s stock after acquiring an additional 18,629 shares during the period. Boeing makes up about 0.7% of Natixis Advisors L.P.’s investment portfolio, making the stock its 20th largest position. Natixis Advisors L.P.’s holdings in Boeing were worth $263,100,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Boeing by 0.8% during the third quarter. Vanguard Group Inc. now owns 47,609,508 shares of the aircraft producer’s stock valued at $9,125,790,000 after purchasing an additional 356,496 shares during the last quarter. Morgan Stanley lifted its stake in Boeing by 1.1% during the third quarter. Morgan Stanley now owns 8,362,267 shares of the aircraft producer’s stock valued at $1,602,880,000 after buying an additional 91,801 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Boeing by 3.2% in the third quarter. Northern Trust Corp now owns 4,951,181 shares of the aircraft producer’s stock worth $949,042,000 after buying an additional 153,168 shares during the period. Jennison Associates LLC purchased a new position in shares of Boeing in the fourth quarter worth approximately $960,397,000. Finally, Invesco Ltd. increased its position in shares of Boeing by 30.1% in the third quarter. Invesco Ltd. now owns 3,279,421 shares of the aircraft producer’s stock worth $628,599,000 after acquiring an additional 759,267 shares in the last quarter. Institutional investors own 64.82% of the company’s stock.

Boeing Stock Performance

Boeing stock traded up $5.90 during trading hours on Thursday, hitting $177.36. 6,419,935 shares of the stock were exchanged, compared to its average volume of 9,633,106. The stock has a market capitalization of $108.88 billion, a P/E ratio of -49.31 and a beta of 1.54. The business’s 50-day moving average is $184.61 and its two-hundred day moving average is $206.14. The Boeing Company has a 12 month low of $159.70 and a 12 month high of $267.54.

Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) EPS for the quarter, topping analysts’ consensus estimates of ($0.72) by $0.25. The business had revenue of $22.02 billion for the quarter, compared to the consensus estimate of $21.14 billion. During the same quarter last year, the company earned ($1.75) earnings per share. The firm’s revenue was up 10.2% on a year-over-year basis. On average, equities analysts predict that The Boeing Company will post -0.18 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently commented on BA shares. Melius Research reaffirmed a “hold” rating on shares of Boeing in a research note on Monday, April 1st. Northcoast Research cut Boeing from a “neutral” rating to a “sell” rating and set a $140.00 target price for the company. in a research report on Wednesday, April 17th. The Goldman Sachs Group dropped their target price on Boeing from $268.00 to $257.00 and set a “buy” rating on the stock in a report on Monday, March 25th. Benchmark reaffirmed a “buy” rating and set a $250.00 price objective on shares of Boeing in a research report on Tuesday, March 26th. Finally, JPMorgan Chase & Co. cut their target price on shares of Boeing from $230.00 to $210.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, Boeing presently has a consensus rating of “Hold” and a consensus price target of $222.41.

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 Commercial Airplanes; Defense, Space & Security; and Global Services segments.