Price T Rowe Associates Inc. MD Has $1.19 Billion Stake in The Boeing Company (NYSE:BA)

Price T Rowe Associates Inc. MD reduced its holdings in shares of The Boeing Company (NYSE:BA - Free Report) by 37.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,173,367 shares of the aircraft producer's stock after selling 3,649,639 shares during the quarter. Price T Rowe Associates Inc. MD owned 1.01% of Boeing worth $1,191,399,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Vermillion & White Wealth Management Group LLC bought a new stake in shares of Boeing in the 4th quarter worth $26,000. Evolution Advisers Inc. purchased a new stake in shares of Boeing during the fourth quarter worth $28,000. DiNuzzo Private Wealth Inc. acquired a new position in Boeing in the 4th quarter worth about $28,000. Vima LLC acquired a new position in Boeing in the fourth quarter worth approximately $34,000. Finally, McClarren Financial Advisors Inc. lifted its position in Boeing by 451.4% during the 1st quarter. McClarren Financial Advisors Inc. now owns 193 shares of the aircraft producer's stock worth $37,000 after acquiring an additional 158 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Boeing Trading Up 1.4 %

Shares of BA traded up $2.54 during mid-day trading on Friday, reaching $186.89. The company's stock had a trading volume of 6,271,995 shares, compared to its average volume of 5,267,864. The stock has a market cap of $114.73 billion, a PE ratio of -52.64 and a beta of 1.56. The company's fifty day moving average price is $181.74 and its two-hundred day moving average price is $188.23. The Boeing Company has a 52 week low of $159.70 and a 52 week high of $267.54.

Boeing (NYSE:BA - Get Free Report) last released its quarterly earnings data 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 analysts' expectations of $17.69 billion. Research analysts anticipate that The Boeing Company will post -2.27 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on BA. Robert W. Baird dropped their price objective on shares of Boeing from $300.00 to $240.00 and set an "outperform" rating on the stock in a report on Monday, June 3rd. Royal Bank of Canada decreased their price objective on shares of Boeing from $225.00 to $215.00 and set an "outperform" rating on the stock in a report on Tuesday, April 16th. Baird R W upgraded Boeing to a "strong-buy" rating in a research report on Monday, June 3rd. Melius reissued a "hold" rating on shares of Boeing in a research note on Monday, April 1st. Finally, Stifel Nicolaus restated a "buy" rating and set a $240.00 target price on shares of Boeing in a report on Wednesday, May 15th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average 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.