PNC Financial Services Group Inc. Has $55.42 Million Holdings in The Boeing Company (NYSE:BA)

PNC Financial Services Group Inc. lessened its position in shares of The Boeing Company (NYSE:BA - Free Report) by 5.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 364,529 shares of the aircraft producer's stock after selling 22,416 shares during the quarter. PNC Financial Services Group Inc. owned about 0.06% of Boeing worth $55,423,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Hobbs Group Advisors LLC acquired a new position in Boeing during the second quarter worth $34,000. Kiely Wealth Advisory Group Inc. acquired a new stake in Boeing during the 2nd quarter valued at $33,000. Harel Insurance Investments & Financial Services Ltd. lifted its position in shares of Boeing by 351.1% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 212 shares of the aircraft producer's stock valued at $39,000 after acquiring an additional 165 shares in the last quarter. 1620 Investment Advisors Inc. acquired a new position in Boeing in the 2nd quarter valued at about $39,000. Finally, Pathway Financial Advisers LLC purchased a new position in Boeing in the 1st quarter valued at about $53,000. 64.82% of the stock is owned by institutional investors and hedge funds.

Boeing Price Performance

Shares of Boeing stock opened at $146.11 on Thursday. The Boeing Company has a 1 year low of $137.03 and a 1 year high of $267.54. The stock has a 50-day moving average price of $152.22 and a 200 day moving average price of $168.79.

Boeing (NYSE:BA - Get Free Report) last released its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($10.34) by ($0.10). The business had revenue of $17.84 billion for the quarter, compared to the consensus estimate of $17.81 billion. During the same period last year, the firm posted ($3.26) EPS. The firm's quarterly revenue was down 1.5% on a year-over-year basis. On average, equities analysts forecast that The Boeing Company will post -16.2 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on BA. Wells Fargo & Company lowered their price objective on Boeing from $86.00 to $85.00 and set an "underweight" rating for the company in a research report on Monday, November 4th. DZ Bank downgraded shares of Boeing from a "buy" rating to a "hold" rating and set a $152.00 target price for the company. in a research report on Tuesday, October 15th. Royal Bank of Canada reissued an "outperform" rating and issued a $200.00 price objective on shares of Boeing in a research report on Wednesday, October 30th. UBS Group decreased their price target on shares of Boeing from $215.00 to $195.00 and set a "buy" rating for the company in a research report on Thursday, October 24th. Finally, The Goldman Sachs Group cut their price objective on Boeing from $232.00 to $202.00 and set a "buy" rating on the stock in a research report on Tuesday, September 24th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Boeing has an average rating of "Hold" and a consensus price target of $190.37.

Boeing Company 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.