KBC Group NV Has $6.93 Million Holdings in The Boeing Company (NYSE:BA)

KBC Group NV increased its stake in shares of The Boeing Company (NYSE:BA) by 5.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,583 shares of the aircraft producer’s stock after buying an additional 2,201 shares during the quarter. KBC Group NV’s holdings in Boeing were worth $6,930,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of BA. Kiely Wealth Advisory Group Inc. acquired a new stake in shares of Boeing in the 2nd quarter valued at $33,000. Hobbs Group Advisors LLC acquired a new position in Boeing in the second quarter valued at about $34,000. Harel Insurance Investments & Financial Services Ltd. grew its stake in Boeing by 351.1% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 212 shares of the aircraft producer’s stock worth $39,000 after buying an additional 165 shares during the last quarter. 1620 Investment Advisors Inc. acquired a new stake in shares of Boeing during the second quarter worth approximately $39,000. Finally, Strategic Financial Concepts LLC bought a new position in shares of Boeing in the second quarter valued at approximately $41,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Stock Up 1.5 %

Shares of BA stock opened at $140.19 on Friday. The Boeing Company has a 12-month low of $137.03 and a 12-month high of $267.54. The firm has a fifty day moving average of $153.20 and a 200-day moving average of $169.44. The firm has a market capitalization of $86.67 billion, a price-to-earnings ratio of -10.87 and a beta of 1.57.

Boeing (NYSE:BA) last posted its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The business had revenue of $17.84 billion during the quarter, compared to analysts’ expectations of $17.81 billion. The company’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same period last year, the firm posted ($3.26) earnings per share. Research analysts expect that The Boeing Company will post -16.09 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. UBS Group dropped their price target on Boeing from $215.00 to $195.00 and set a “buy” rating for the company in a report on Thursday, October 24th. Citigroup cut their price target on Boeing from $224.00 to $209.00 and set a “buy” rating for the company in a report on Tuesday, October 15th. DZ Bank lowered shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 price objective on the stock. in a report on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Boeing from $225.00 to $195.00 and set a “buy” rating on the stock in a research report on Thursday, October 3rd. Finally, Sanford C. Bernstein cut Boeing from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $195.00 to $169.00 in a research note on Wednesday, October 30th. Three analysts have rated the stock with a sell rating, nine have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Boeing currently has an average rating of “Hold” and a consensus price target of $190.37.

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.