Mirae Asset Global Investments Co. Ltd. Sells 103,855 Shares of The Boeing Company (NYSE:BA)

Mirae Asset Global Investments Co. Ltd. lowered its holdings in The Boeing Company (NYSE:BA) by 22.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 357,321 shares of the aircraft producer’s stock after selling 103,855 shares during the period. Mirae Asset Global Investments Co. Ltd. owned approximately 0.06% of Boeing worth $69,655,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Vermillion & White Wealth Management Group LLC bought a new stake in shares of Boeing during the 4th quarter worth approximately $26,000. Evolution Advisers Inc. bought a new stake in shares of Boeing during the 4th quarter worth approximately $28,000. DiNuzzo Private Wealth Inc. bought a new stake in shares of Boeing during the 4th quarter worth approximately $28,000. Vima LLC bought a new stake in shares of Boeing during the 4th quarter worth approximately $34,000. Finally, Bfsg LLC bought a new stake in shares of Boeing during the 1st quarter worth approximately $39,000. Institutional investors own 64.82% of the company’s stock.

Analyst Upgrades and Downgrades

BA has been the subject of a number of recent analyst reports. Robert W. Baird cut their price target on shares of Boeing from $300.00 to $240.00 and set an “outperform” rating for the company in a report on Monday, June 3rd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $225.00 price objective on shares of Boeing in a research note on Tuesday, June 25th. StockNews.com downgraded shares of Boeing from a “hold” rating to a “sell” rating in a research note on Friday, April 26th. Stifel Nicolaus reissued a “buy” rating and issued a $240.00 price objective on shares of Boeing in a research note on Wednesday, May 15th. Finally, Melius Research reissued a “hold” rating on shares of Boeing in a research note on Monday, April 1st. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $220.89.

Boeing Stock Up 0.3 %

NYSE:BA traded up $0.52 during trading hours on Friday, reaching $184.83. The company had a trading volume of 3,290,380 shares, compared to its average volume of 5,203,792. The firm has a market cap of $113.46 billion, a price-to-earnings ratio of -52.06 and a beta of 1.56. The business’s 50-day simple moving average is $180.24 and its two-hundred day simple moving average is $196.31. The Boeing Company has a twelve month low of $159.70 and a twelve month high of $267.54.

Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, April 24th. The aircraft producer reported ($1.13) EPS for the quarter, topping analysts’ consensus estimates of ($1.43) by $0.30. The company had revenue of $16.57 billion during the quarter, compared to analyst estimates of $17.69 billion. As a group, equities analysts predict that The Boeing Company will post -1.67 earnings per share for the current year.

Boeing 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.