Swiss National Bank Boosts Holdings in The Boeing Company (NYSE:BA)

Swiss National Bank raised its holdings in The Boeing Company (NYSE:BA) by 1.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,735,500 shares of the aircraft producer’s stock after purchasing an additional 19,400 shares during the quarter. Swiss National Bank owned 0.28% of Boeing worth $263,865,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Davis R M Inc. raised its position in shares of Boeing by 2.9% in the first quarter. Davis R M Inc. now owns 3,029 shares of the aircraft producer’s stock worth $585,000 after acquiring an additional 86 shares during the period. Rockport Wealth LLC acquired a new position in shares of Boeing in the first quarter worth about $416,000. UniSuper Management Pty Ltd raised its position in shares of Boeing by 180.5% in the first quarter. UniSuper Management Pty Ltd now owns 12,542 shares of the aircraft producer’s stock worth $2,420,000 after acquiring an additional 8,070 shares during the period. Atlanta Consulting Group Advisors LLC acquired a new position in shares of Boeing during the 1st quarter worth about $228,000. Finally, Burgundy Asset Management Ltd. raised its position in shares of Boeing by 42.9% during the 1st quarter. Burgundy Asset Management Ltd. now owns 50,000 shares of the aircraft producer’s stock worth $9,650,000 after purchasing an additional 15,000 shares during the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BA has been the subject of several research analyst reports. UBS Group reduced their price target on shares of Boeing from $215.00 to $195.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. Royal Bank of Canada restated an “outperform” rating and set a $200.00 price target on shares of Boeing in a research report on Wednesday, October 30th. TD Cowen reduced their price target on shares of Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a research report on Monday, October 14th. DZ Bank downgraded shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 price target for the company. in a research report on Tuesday, October 15th. Finally, The Goldman Sachs Group reduced their price target on shares of Boeing from $232.00 to $202.00 and set a “buy” rating for the company in a research report on Tuesday, September 24th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $190.37.

Boeing Stock Up 1.5 %

NYSE:BA opened at $140.19 on Friday. The Boeing Company has a fifty-two week low of $137.03 and a fifty-two week high of $267.54. The company has a 50 day moving average price of $153.20 and a 200 day moving average price of $169.45.

Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The firm had revenue of $17.84 billion for the quarter, compared to analyst estimates of $17.81 billion. During the same quarter last year, the firm earned ($3.26) EPS. The company’s quarterly revenue was down 1.5% on a year-over-year basis. On average, sell-side analysts anticipate that The Boeing Company will post -16.2 earnings per share for the current year.

Boeing 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.