EP Wealth Advisors LLC Has $9.67 Million Position in The Boeing Company (NYSE:BA)

EP Wealth Advisors LLC lowered its stake in The Boeing Company (NYSE:BA) by 13.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,099 shares of the aircraft producer’s stock after selling 5,993 shares during the period. EP Wealth Advisors LLC’s holdings in Boeing were worth $9,670,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. 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 worth $9,125,790,000 after purchasing an additional 356,496 shares during the period. Capital Research Global Investors increased its stake in shares of Boeing by 35.5% in the fourth quarter. Capital Research Global Investors now owns 16,880,647 shares of the aircraft producer’s stock valued at $4,400,109,000 after buying an additional 4,425,964 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in Boeing by 23.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,823,006 shares of the aircraft producer’s stock valued at $2,560,466,000 after acquiring an additional 1,884,850 shares during the last quarter. Morgan Stanley boosted its stake in shares of Boeing by 1.1% in the 3rd quarter. Morgan Stanley now owns 8,362,267 shares of the aircraft producer’s stock valued at $1,602,880,000 after purchasing an additional 91,801 shares during the last quarter. Finally, Northern Trust Corp increased its position in shares of Boeing by 1.1% during the fourth quarter. Northern Trust Corp now owns 5,003,262 shares of the aircraft producer’s stock worth $1,304,150,000 after buying an additional 52,081 shares during the period. Institutional investors own 64.82% of the company’s stock.

Boeing Price Performance

Shares of Boeing stock traded down $3.43 during midday trading on Friday, reaching $177.27. 5,105,974 shares of the company’s stock traded hands, compared to its average volume of 5,770,378. The stock has a 50 day moving average of $177.44 and a 200-day moving average of $202.58. The Boeing Company has a 12 month low of $159.70 and a 12 month high of $267.54.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, April 24th. The aircraft producer reported ($1.13) earnings per share for the quarter, beating the consensus estimate of ($1.43) by $0.30. The firm had revenue of $16.57 billion for the quarter, compared to the consensus estimate of $17.69 billion. As a group, equities research analysts forecast that The Boeing Company will post -1.48 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on BA shares. Argus downgraded shares of Boeing from a “buy” rating to a “hold” rating in a research report on Tuesday, April 30th. TD Cowen lowered their price objective on shares of Boeing from $275.00 to $230.00 and set an “outperform” rating on the stock in a report on Monday, March 25th. Baird R W raised Boeing to a “strong-buy” rating in a research report on Monday, June 3rd. Melius restated a “hold” rating on shares of Boeing in a research report on Monday, April 1st. Finally, UBS Group reduced their price objective on Boeing from $250.00 to $240.00 and set a “buy” rating for the company in a report on Friday, June 7th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $220.89.

About Boeing

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.