RDA Financial Network increases its equity holdings in The Boeing Company (NYSE:BA)


RDA Financial Network increased its stake in The Boeing Company (NYSE:BA – Get Rating) by 11.8% during Q1, HoldingsChannel reports. The company held 5,034 shares of the aircraft manufacturer after acquiring an additional 532 shares during the period. RDA Financial Network’s holdings of Boeing were worth $964,000 when it last filed with the Securities and Exchange Commission.

Several other hedge funds have also recently changed their positions in BA. BlackRock Inc. increased its stake in Boeing shares by 0.4% in the fourth quarter. BlackRock Inc. now owns 30,786,905 shares of the aircraft producer valued at $6,198,021,000 after buying 136,818 additional shares last quarter. Loomis Sayles & Co. LP increased its stake in Boeing shares by 19.8% in the fourth quarter. Loomis Sayles & Co. LP now owns 13,367,929 shares of the aircraft maker valued at $2,691,231,000 after buying an additional 2,210,908 shares last quarter. Geode Capital Management LLC increased its stake in Boeing shares by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 8,616,520 shares of the aircraft producer valued at $1,729,452,000 after purchasing an additional 207,904 shares last quarter. Northern Trust Corp increased its stake in Boeing shares by 4.0% in the fourth quarter. Northern Trust Corp now owns 5,013,641 shares of the plane producer valued at $1,009,346,000 after buying 193,777 additional shares last quarter. Finally, Bank of Montreal Can increased its stake in Boeing shares by 165.0% in the fourth quarter. Bank of Montreal Can now owns 4,377,572 shares of the aircraft maker valued at $1,015,817,000 after buying an additional 2,725,602 shares last quarter. Institutional investors hold 53.96% of the company’s shares.

NYSE: BA traded at $0.18 on Wednesday, hitting $136.57. 70,817 shares were traded, against an average volume of 10,027,126. The stock has a market capitalization of $80.80 billion, a PE ratio of -16.54 and a beta of 1.48. The stock has a fifty-day moving average of $143.68 and a 200-day moving average of $179.93. The Boeing Company has a fifty-two week low of $113.02 and a fifty-two week high of $252.30.

Boeing (NYSE:BA – Get Rating) last announced its quarterly results on Wednesday, April 27. The aircraft maker reported ($2.75) EPS for the quarter, missing the consensus estimate of ($0.26) from ($2.49). The company posted revenue of $13.99 billion in the quarter, versus a consensus estimate of $15.90 billion. Boeing’s revenue fell 8.1% from the same quarter last year. During the same period of the previous year, the company achieved EPS of ($1.53). Research analysts expect The Boeing Company to post -0.81 EPS for the current year.

A number of analysts have weighed in on the company recently. Royal Bank of Canada set a price target of $220.00 on Boeing in a Friday, June 10 research note. Jefferies Financial Group cut its price target on Boeing from $270.00 to $225.00 and set a “buy” rating on the stock in a Monday, May 2 research note. Susquehanna lowered its target price on Boeing from $193.00 to $192.00 in a Friday, May 20 research report. UBS Group set a target price of $263.00 on Boeing and gave the stock a “buy” rating in a Thursday, April 28 research report. Finally, Susquehanna Bancshares lowered its price target on Boeing from $193.00 to $192.00 and rated the stock “positive” in a Friday, May 20 research report. One financial analyst gave the stock a sell rating, four gave the stock a hold rating and fifteen gave the stock a buy rating. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $225.83.

Boeing Company Profile (Get a rating)

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sells, services and supports commercial airliners, military aircraft, satellites, missile defenses, human spaceflight and launch systems, and services worldwide. The Company operates through four segments: Commercial Aircraft; Defence, Space & Security; Global Services; and Boeing Capital.

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Institutional ownership by quarter for Boeing (NYSE:BA)



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