Centaurus Financial Inc. Raises Stock Holdings in The Boeing Company (NYSE:BA)

Centaurus Financial Inc. boosted its holdings in shares of The Boeing Company (NYSE:BA) by 12.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,499 shares of the aircraft producer’s stock after purchasing an additional 1,944 shares during the quarter. Centaurus Financial Inc.’s holdings in Boeing were worth $4,561,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Capital Research Global Investors lifted its position in shares of Boeing by 35.5% in the fourth quarter. Capital Research Global Investors now owns 16,880,647 shares of the aircraft producer’s stock valued at $4,400,109,000 after acquiring an additional 4,425,964 shares in the last quarter. Jennison Associates LLC purchased a new position in shares of Boeing in the fourth quarter valued at approximately $960,397,000. Price T Rowe Associates Inc. MD lifted its position in shares of Boeing by 23.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,823,006 shares of the aircraft producer’s stock valued at $2,560,466,000 after acquiring an additional 1,884,850 shares in the last quarter. Boston Partners lifted its position in shares of Boeing by 861.6% in the fourth quarter. Boston Partners now owns 1,804,853 shares of the aircraft producer’s stock valued at $467,338,000 after acquiring an additional 1,617,151 shares in the last quarter. Finally, Lazard Asset Management LLC lifted its position in Boeing by 8,961.2% during the third quarter. Lazard Asset Management LLC now owns 1,161,461 shares of the aircraft producer’s stock worth $222,628,000 after buying an additional 1,148,643 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Stock Down 1.9 %

Shares of NYSE BA traded down $3.43 during trading hours on Friday, reaching $177.27. The stock had a trading volume of 5,105,974 shares, compared to its average volume of 5,770,378. The Boeing Company has a fifty-two week low of $159.70 and a fifty-two week high of $267.54. The firm has a 50-day moving average of $177.44 and a 200-day moving average of $202.58.

Boeing (NYSE:BA) last announced its earnings results on Wednesday, April 24th. The aircraft producer reported ($1.13) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.43) by $0.30. The firm had revenue of $16.57 billion during the quarter, compared to analyst estimates of $17.69 billion. Equities research analysts forecast that The Boeing Company will post -1.48 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently commented on BA shares. Susquehanna reiterated a “positive” rating and set a $230.00 price objective on shares of Boeing in a research report on Wednesday, May 15th. Royal Bank of Canada lowered their target price on Boeing from $225.00 to $215.00 and set an “outperform” rating for the company in a research note on Tuesday, April 16th. Morgan Stanley lowered their target price on Boeing from $235.00 to $180.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 10th. Deutsche Bank Aktiengesellschaft lowered their target price on Boeing from $240.00 to $225.00 and set a “buy” rating for the company in a research note on Thursday, April 25th. Finally, The Goldman Sachs Group lowered their target price on Boeing from $268.00 to $257.00 and set a “buy” rating for the company in a research note on Monday, March 25th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Boeing currently has a consensus rating of “Moderate Buy” and a consensus target price of $220.89.

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.