The Boeing Company (NYSE:BA) is V2 Financial group LLC’s 8th Largest Position

V2 Financial group LLC decreased its holdings in The Boeing Company (NYSE:BA) by 0.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 17,352 shares of the aircraft producer’s stock after selling 80 shares during the period. Boeing makes up about 2.2% of V2 Financial group LLC’s investment portfolio, making the stock its 8th largest position. V2 Financial group LLC’s holdings in Boeing were worth $3,218,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BA. Vanguard Group Inc. lifted its stake in shares of Boeing by 2.5% during the first quarter. Vanguard Group Inc. now owns 49,724,770 shares of the aircraft producer’s stock worth $9,596,383,000 after purchasing an additional 1,222,816 shares in the last quarter. Capital Research Global Investors raised its holdings in shares of Boeing by 35.5% during the 4th 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 lifted its position in Boeing by 23.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,823,006 shares of the aircraft producer’s stock worth $2,560,466,000 after acquiring an additional 1,884,850 shares in the last quarter. Northern Trust Corp boosted its holdings in Boeing by 1.1% in the 4th quarter. Northern Trust Corp now owns 5,003,262 shares of the aircraft producer’s stock worth $1,304,150,000 after acquiring an additional 52,081 shares during the period. Finally, Jennison Associates LLC grew its position in Boeing by 14.1% in the first quarter. Jennison Associates LLC now owns 4,203,435 shares of the aircraft producer’s stock valued at $811,221,000 after acquiring an additional 518,952 shares in the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently weighed in on BA shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $225.00 target price on shares of Boeing in a research note on Tuesday, June 25th. UBS Group decreased their price objective on shares of Boeing from $250.00 to $240.00 and set a “buy” rating for the company in a research report on Friday, June 7th. Stifel Nicolaus lifted their target price on Boeing from $230.00 to $235.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Susquehanna reissued a “positive” rating and issued a $230.00 price target on shares of Boeing in a report on Wednesday, August 14th. Finally, Bank of America raised their price objective on Boeing from $180.00 to $200.00 and gave the company a “neutral” rating in a research note on Thursday, June 13th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $215.18.

Boeing Stock Performance

Shares of NYSE:BA opened at $173.74 on Friday. The Boeing Company has a 1-year low of $159.70 and a 1-year high of $267.54. The company’s fifty day moving average is $178.13 and its two-hundred day moving average is $182.06. The stock has a market capitalization of $107.05 billion, a price-to-earnings ratio of -48.94 and a beta of 1.56.

Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share for the quarter, missing the consensus estimate of ($1.00) by ($1.90). The company had revenue of $16.87 billion for the quarter, compared to analysts’ expectations of $17.35 billion. During the same quarter last year, the business posted ($0.82) EPS. The firm’s revenue for the quarter was down 14.6% compared to the same quarter last year. Sell-side analysts expect that The Boeing Company will post -4.26 EPS for the current fiscal year.

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.