National Bank of Canada FI Sells 288,542 Shares of The Boeing Company (NYSE:BA)

National Bank of Canada FI lowered its holdings in shares of The Boeing Company (NYSE:BA) by 35.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 522,882 shares of the aircraft producer’s stock after selling 288,542 shares during the period. National Bank of Canada FI owned about 0.09% of Boeing worth $131,632,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Strategic Blueprint LLC boosted its holdings in shares of Boeing by 8.7% during the 4th quarter. Strategic Blueprint LLC now owns 3,295 shares of the aircraft producer’s stock worth $859,000 after buying an additional 264 shares in the last quarter. Orca Investment Management LLC grew its holdings in Boeing by 5.5% during the fourth quarter. Orca Investment Management LLC now owns 3,772 shares of the aircraft producer’s stock valued at $983,000 after purchasing an additional 195 shares during the period. Morse Asset Management Inc raised its position in shares of Boeing by 65.0% in the third quarter. Morse Asset Management Inc now owns 7,999 shares of the aircraft producer’s stock valued at $1,533,000 after purchasing an additional 3,152 shares during the period. Peregrine Asset Advisers Inc. grew its stake in Boeing by 1,335.3% during the third quarter. Peregrine Asset Advisers Inc. now owns 36,443 shares of the aircraft producer’s stock valued at $6,985,000 after acquiring an additional 33,904 shares in the last quarter. Finally, California Public Employees Retirement System increased its position in shares of Boeing by 2.0% in the third quarter. California Public Employees Retirement System now owns 1,037,044 shares of the aircraft producer’s stock worth $198,781,000 after purchasing an additional 19,847 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors.

Boeing Trading Up 0.5 %

NYSE BA traded up $0.94 during trading on Friday, reaching $179.79. 5,416,263 shares of the company’s stock were exchanged, compared to its average volume of 8,228,397. The firm has a market capitalization of $110.37 billion, a PE ratio of -50.64 and a beta of 1.54. The company’s fifty day simple moving average is $183.74 and its 200-day simple moving average is $205.91. The Boeing Company has a fifty-two week low of $159.70 and a fifty-two week high of $267.54.

Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, January 31st. The aircraft producer reported ($0.47) EPS for the quarter, beating analysts’ consensus estimates of ($0.72) by $0.25. The company had revenue of $22.02 billion for the quarter, compared to analyst estimates of $21.14 billion. During the same period in the prior year, the company posted ($1.75) EPS. The business’s revenue was up 10.2% on a year-over-year basis. Equities analysts forecast that The Boeing Company will post -0.18 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently commented on BA. Sanford C. Bernstein dropped their target price on shares of Boeing from $272.00 to $240.00 and set an “outperform” rating for the company in a research report on Monday, April 8th. Deutsche Bank Aktiengesellschaft dropped their price target on Boeing from $240.00 to $225.00 and set a “buy” rating for the company in a research note on Thursday, April 25th. The Goldman Sachs Group lowered their price objective on shares of Boeing from $268.00 to $257.00 and set a “buy” rating for the company in a research report on Monday, March 25th. Northcoast Research downgraded shares of Boeing from a “neutral” rating to a “sell” rating and set a $140.00 price objective for the company. in a research note on Wednesday, April 17th. Finally, Melius Research restated a “hold” rating on shares of Boeing in a report on Monday, April 1st. Two analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Boeing presently has an average 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.