Principal Financial Group Inc. Grows Stock Holdings in The Boeing Company (NYSE:BA)

Principal Financial Group Inc. raised its holdings in shares of The Boeing Company (NYSE:BA - Free Report) by 6.1% during the third quarter, according to its most recent filing with the SEC. The firm owned 666,244 shares of the aircraft producer's stock after purchasing an additional 38,332 shares during the period. Principal Financial Group Inc. owned 0.11% of Boeing worth $101,296,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of BA. Rockefeller Capital Management L.P. increased its holdings in Boeing by 8.8% during the third quarter. Rockefeller Capital Management L.P. now owns 473,917 shares of the aircraft producer's stock valued at $72,075,000 after buying an additional 38,300 shares during the period. Jennison Associates LLC increased its holdings in shares of Boeing by 9.9% in the 3rd quarter. Jennison Associates LLC now owns 6,700,706 shares of the aircraft producer's stock valued at $1,018,775,000 after acquiring an additional 602,143 shares during the period. World Investment Advisors LLC raised its position in shares of Boeing by 243.4% in the 3rd quarter. World Investment Advisors LLC now owns 5,381 shares of the aircraft producer's stock worth $818,000 after acquiring an additional 3,814 shares in the last quarter. ING Groep NV purchased a new stake in shares of Boeing during the 3rd quarter worth $11,679,000. Finally, Lazari Capital Management Inc. boosted its position in Boeing by 55.7% during the second quarter. Lazari Capital Management Inc. now owns 23,216 shares of the aircraft producer's stock valued at $4,226,000 after purchasing an additional 8,309 shares in the last quarter. Institutional investors own 64.82% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Robert W. Baird reduced their target price on shares of Boeing from $240.00 to $200.00 and set an "outperform" rating for the company in a report on Thursday, October 24th. Morgan Stanley reduced their price objective on shares of Boeing from $195.00 to $170.00 and set an "equal weight" rating for the company in a research note on Thursday, October 24th. DZ Bank lowered shares of Boeing from a "buy" rating to a "hold" rating and set a $152.00 price target on the stock. in a report on Tuesday, October 15th. Sanford C. Bernstein lowered Boeing from an "outperform" rating to a "market perform" rating and decreased their price objective for the company from $195.00 to $169.00 in a report on Wednesday, October 30th. Finally, Northcoast Research upgraded Boeing from a "sell" rating to a "neutral" rating in a research note on Thursday, December 12th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $190.11.

Boeing Stock Performance

Shares of BA opened at $177.35 on Friday. The company has a market capitalization of $109.64 billion, a P/E ratio of -13.75 and a beta of 1.56. The business's 50-day moving average is $155.10 and its two-hundred day moving average is $166.06. The Boeing Company has a fifty-two week low of $137.03 and a fifty-two week high of $267.54.

Boeing (NYSE:BA - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS for the quarter, missing analysts' consensus estimates of ($10.34) by ($0.10). The firm had revenue of $17.84 billion for the quarter, compared to analyst estimates of $17.81 billion. During the same quarter last year, the firm earned ($3.26) earnings per share. Boeing's revenue for the quarter was down 1.5% on a year-over-year basis. Analysts forecast that The Boeing Company will post -16.18 EPS for the current year.

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.