The Boeing Company (NYSE:BA) Shares Sold by TD Asset Management Inc

TD Asset Management Inc trimmed its stake in shares of The Boeing Company (NYSE:BA - Free Report) by 30.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 264,318 shares of the aircraft producer's stock after selling 115,026 shares during the period. TD Asset Management Inc's holdings in Boeing were worth $48,109,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Capital Research Global Investors increased its position in Boeing by 35.5% in the fourth quarter. Capital Research Global Investors now owns 16,880,647 shares of the aircraft producer's stock worth $4,400,109,000 after purchasing an additional 4,425,964 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Boeing by 563.9% in the 4th quarter. Wellington Management Group LLP now owns 3,439,093 shares of the aircraft producer's stock worth $896,434,000 after buying an additional 2,921,043 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Boeing by 23.7% during 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 in the last quarter. Boston Partners lifted its holdings in shares of Boeing by 861.6% in the 4th quarter. Boston Partners now owns 1,804,853 shares of the aircraft producer's stock valued at $467,338,000 after acquiring an additional 1,617,151 shares during the last quarter. Finally, Global Assets Advisory LLC purchased a new position in Boeing in the first quarter worth about $272,312,000. 64.82% of the stock is currently owned by institutional investors.

Boeing Price Performance

Shares of NYSE:BA traded down $4.53 during trading hours on Friday, hitting $157.62. The company's stock had a trading volume of 7,328,641 shares, compared to its average volume of 7,886,446. The firm's fifty day moving average price is $176.53 and its 200 day moving average price is $180.81. The Boeing Company has a 52 week low of $156.70 and a 52 week high of $267.54. The company has a market capitalization of $96.76 billion, a price-to-earnings ratio of -44.40 and a beta of 1.56.

Boeing (NYSE:BA - Get Free Report) last posted its earnings results on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share for the quarter, missing analysts' consensus estimates of ($1.00) by ($1.90). The business had revenue of $16.87 billion during the quarter, compared to the consensus estimate of $17.35 billion. The firm's revenue for the quarter was down 14.6% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.82) EPS. On average, equities research analysts predict that The Boeing Company will post -4.26 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently issued reports on BA. Stifel Nicolaus raised their price objective on Boeing from $230.00 to $235.00 and gave the company a "buy" rating in a research note on Thursday, August 1st. Sanford C. Bernstein cut their price objective on shares of Boeing from $222.00 to $207.00 and set an "outperform" rating on the stock in a research report on Monday, August 5th. Baird R W upgraded shares of Boeing to a "strong-buy" rating in a report on Monday, June 3rd. Susquehanna reaffirmed a "positive" rating and set a $230.00 price target on shares of Boeing in a research note on Wednesday, August 14th. Finally, UBS Group reduced their price objective on shares of Boeing from $250.00 to $240.00 and set a "buy" rating on the stock in a research report on Friday, June 7th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Boeing has an average rating of "Moderate Buy" and a consensus price target of $211.29.

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.