Cohen Investment Advisors LLC Has $1.82 Million Position in The Boeing Company (NYSE:BA)

Cohen Investment Advisors LLC lessened its position in The Boeing Company (NYSE:BA) by 9.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,494 shares of the aircraft producer’s stock after selling 937 shares during the quarter. Cohen Investment Advisors LLC’s holdings in Boeing were worth $1,820,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of BA. Capital Research Global Investors increased 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 during the last quarter. Wellington Management Group LLP raised its stake in shares of Boeing by 563.9% during the 4th quarter. Wellington Management Group LLP now owns 3,439,093 shares of the aircraft producer’s stock worth $896,434,000 after purchasing an additional 2,921,043 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Boeing by 23.7% in the 4th 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 buying an additional 1,884,850 shares during the last quarter. Boston Partners grew its stake 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 buying an additional 1,617,151 shares in the last quarter. Finally, Global Assets Advisory LLC acquired a new position in Boeing during the first quarter worth $272,312,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Trading Down 0.8 %

Boeing stock traded down $1.41 during trading hours on Monday, reaching $173.55. 4,028,922 shares of the stock were exchanged, compared to its average volume of 7,945,540. The Boeing Company has a twelve month low of $159.70 and a twelve month high of $267.54. The company has a market cap of $106.54 billion, a P/E ratio of -48.89 and a beta of 1.56. The stock has a 50 day moving average of $178.38 and a two-hundred day moving average of $182.87.

Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.00) by ($1.90). The company had revenue of $16.87 billion for the quarter, compared to analyst estimates of $17.35 billion. During the same quarter last year, the company earned ($0.82) EPS. The company’s quarterly revenue was down 14.6% compared to the same quarter last year. On average, analysts expect that The Boeing Company will post -2.38 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have commented on BA. Wells Fargo & Company cut their price target on shares of Boeing from $190.00 to $185.00 and set an “equal weight” rating for the company in a research note on Friday, August 2nd. Argus cut Boeing from a “buy” rating to a “hold” rating in a report on Tuesday, April 30th. UBS Group dropped their price objective on Boeing from $250.00 to $240.00 and set a “buy” rating on the stock in a research note on Friday, June 7th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $225.00 target price on shares of Boeing in a research note on Tuesday, June 25th. Finally, Bank of America raised their price target on Boeing from $180.00 to $200.00 and gave the company a “neutral” rating in a report on Thursday, June 13th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Boeing has an average rating of “Moderate Buy” and a consensus price target of $215.18.

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.