KBC Group NV Purchases 2,201 Shares of The Boeing Company (NYSE:BA)

KBC Group NV raised its position in The Boeing Company (NYSE:BA) by 5.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 45,583 shares of the aircraft producer’s stock after purchasing an additional 2,201 shares during the period. KBC Group NV’s holdings in Boeing were worth $6,930,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Lazari Capital Management Inc. raised its position in Boeing by 55.7% in the 2nd quarter. Lazari Capital Management Inc. now owns 23,216 shares of the aircraft producer’s stock valued at $4,226,000 after buying an additional 8,309 shares during the last quarter. Patten & Patten Inc. TN raised its holdings in shares of Boeing by 19.8% in the third quarter. Patten & Patten Inc. TN now owns 24,603 shares of the aircraft producer’s stock valued at $3,741,000 after purchasing an additional 4,065 shares during the last quarter. Czech National Bank lifted its position in shares of Boeing by 8.4% in the third quarter. Czech National Bank now owns 119,243 shares of the aircraft producer’s stock worth $18,130,000 after purchasing an additional 9,281 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in Boeing by 2.3% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,589,850 shares of the aircraft producer’s stock worth $241,721,000 after purchasing an additional 35,068 shares during the last quarter. Finally, BSN CAPITAL PARTNERS Ltd bought a new position in Boeing in the third quarter valued at $11,237,000. 64.82% of the stock is currently owned by institutional investors.

Boeing Price Performance

Shares of NYSE BA opened at $140.19 on Friday. The firm has a market cap of $86.67 billion, a price-to-earnings ratio of -10.87 and a beta of 1.57. The stock’s fifty day moving average price is $153.20 and its two-hundred day moving average price is $169.44. The Boeing Company has a one year low of $137.03 and a one year high of $267.54.

Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The company had revenue of $17.84 billion for the quarter, compared to analyst estimates of $17.81 billion. During the same quarter in the previous year, the business earned ($3.26) EPS. The business’s quarterly revenue was down 1.5% compared to the same quarter last year. On average, equities analysts anticipate that The Boeing Company will post -16.09 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have commented on BA shares. Jefferies Financial Group cut their price target on shares of Boeing from $270.00 to $240.00 and set a “buy” rating on the stock in a research report on Monday, September 23rd. UBS Group reduced their price target on Boeing from $215.00 to $195.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft lowered their price target on Boeing from $225.00 to $195.00 and set a “buy” rating on the stock in a research report on Thursday, October 3rd. DZ Bank downgraded Boeing from a “buy” rating to a “hold” rating and set a $152.00 price objective for the company. in a report on Tuesday, October 15th. Finally, Wells Fargo & Company lowered their target price on shares of Boeing from $86.00 to $85.00 and set an “underweight” rating on the stock in a report on Monday, November 4th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $190.37.

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.