Yarbrough Capital LLC Purchases 8,000 Shares of The Boeing Company (NYSE:BA)

Yarbrough Capital LLC boosted its position in The Boeing Company (NYSE:BAGet Rating) by 10.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 84,947 shares of the aircraft producer’s stock after acquiring an additional 8,000 shares during the period. Boeing accounts for 0.9% of Yarbrough Capital LLC’s investment portfolio, making the stock its 18th biggest position. Yarbrough Capital LLC’s holdings in Boeing were worth $16,267,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. EagleClaw Capital Managment LLC lifted its holdings in Boeing by 2.5% during the third quarter. EagleClaw Capital Managment LLC now owns 27,060 shares of the aircraft producer’s stock valued at $5,941,000 after purchasing an additional 648 shares in the last quarter. Psagot Value Holdings Ltd. lifted its holdings in shares of Boeing by 29.8% in the third quarter. Psagot Value Holdings Ltd. now owns 958 shares of the aircraft producer’s stock worth $211,000 after buying an additional 220 shares in the last quarter. Captrust Financial Advisors lifted its holdings in shares of Boeing by 12.5% in the third quarter. Captrust Financial Advisors now owns 43,375 shares of the aircraft producer’s stock worth $9,540,000 after buying an additional 4,803 shares in the last quarter. Consolidated Planning Corp purchased a new stake in Boeing during the third quarter valued at $206,000. Finally, National Pension Service raised its stake in Boeing by 4.2% during the third quarter. National Pension Service now owns 691,206 shares of the aircraft producer’s stock valued at $152,024,000 after purchasing an additional 28,175 shares in the last quarter. 53.96% of the stock is currently owned by institutional investors and hedge funds.

BA has been the topic of a number of recent research reports. Langenberg & Company initiated coverage on shares of Boeing in a research note on Wednesday, March 9th. They set a “buy” rating on the stock. StockNews.com lowered shares of Boeing from a “hold” rating to a “sell” rating in a research note on Friday, May 6th. Sanford C. Bernstein decreased their price target on shares of Boeing from $239.00 to $216.00 in a research report on Thursday, April 28th. Bank of America decreased their price objective on shares of Boeing from $180.00 to $150.00 in a research report on Tuesday, May 17th. Finally, Royal Bank of Canada set a $220.00 price objective on shares of Boeing in a research report on Friday, June 10th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $225.83.

Shares of NYSE BA traded down $2.40 during trading on Thursday, hitting $134.76. 67,450 shares of the company were exchanged, compared to its average volume of 10,098,499. The Boeing Company has a 12-month low of $113.02 and a 12-month high of $252.30. The company has a fifty day moving average price of $142.76 and a 200-day moving average price of $179.63. The firm has a market capitalization of $79.73 billion, a PE ratio of -16.59 and a beta of 1.48.

Boeing (NYSE:BAGet Rating) last issued its quarterly earnings data on Wednesday, April 27th. The aircraft producer reported ($2.75) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.26) by ($2.49). The company had revenue of $13.99 billion for the quarter, compared to analysts’ expectations of $15.90 billion. The company’s revenue for the quarter was down 8.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($1.53) EPS. On average, analysts anticipate that The Boeing Company will post -0.81 EPS for the current year.

About Boeing (Get Rating)

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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