Victory Capital Management Inc. Boosts Position in The Boeing Company (NYSE:BA)

Victory Capital Management Inc. grew its holdings in shares of The Boeing Company (NYSE:BAFree Report) by 0.9% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 191,394 shares of the aircraft producer’s stock after purchasing an additional 1,752 shares during the period. Victory Capital Management Inc.’s holdings in Boeing were worth $36,686,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. United Bank lifted its position in Boeing by 4.7% during the 1st quarter. United Bank now owns 5,036 shares of the aircraft producer’s stock worth $964,000 after acquiring an additional 226 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its position in Boeing by 1,064.4% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 850 shares of the aircraft producer’s stock worth $163,000 after acquiring an additional 777 shares in the last quarter. Panagora Asset Management Inc. increased its stake in Boeing by 68.0% during the 1st quarter. Panagora Asset Management Inc. now owns 7,111 shares of the aircraft producer’s stock worth $1,362,000 after buying an additional 2,879 shares during the period. Prudential PLC purchased a new stake in Boeing during the 1st quarter worth $836,000. Finally, Dakota Wealth Management increased its stake in Boeing by 26.7% during the 1st quarter. Dakota Wealth Management now owns 2,127 shares of the aircraft producer’s stock worth $408,000 after buying an additional 448 shares during the period. Institutional investors and hedge funds own 61.33% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on BA. Wells Fargo & Company downgraded shares of Boeing from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $280.00 to $225.00 in a research note on Tuesday, January 16th. Bank of America lowered Boeing from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $255.00 to $225.00 in a research note on Thursday, January 25th. Edward Jones lowered Boeing from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Barclays raised their price objective on Boeing from $210.00 to $235.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 6th. Finally, StockNews.com began coverage on Boeing in a research note on Thursday, October 5th. They set a “hold” rating for the company. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $254.19.

Check Out Our Latest Stock Report on BA

Boeing Trading Down 2.3 %

NYSE:BA opened at $200.42 on Wednesday. The firm has a market capitalization of $121.25 billion, a PE ratio of -42.64, a price-to-earnings-growth ratio of 14.35 and a beta of 1.60. The stock has a 50 day moving average of $234.69 and a 200-day moving average of $217.66. The Boeing Company has a 52 week low of $176.25 and a 52 week high of $267.54.

About Boeing

(Free Report)

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 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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