The Boeing Company (NYSE:BA) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. trimmed its holdings in shares of The Boeing Company (NYSE:BA - Free Report) by 2.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 180,137 shares of the aircraft producer's stock after selling 4,347 shares during the period. Victory Capital Management Inc.'s holdings in Boeing were worth $27,388,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Newport Trust Company LLC boosted its holdings in shares of Boeing by 1.2% in the 2nd quarter. Newport Trust Company LLC now owns 31,640,184 shares of the aircraft producer's stock valued at $5,758,830,000 after buying an additional 388,633 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Boeing by 1.4% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 7,619,126 shares of the aircraft producer's stock worth $1,386,757,000 after purchasing an additional 106,513 shares in the last quarter. Legal & General Group Plc lifted its stake in shares of Boeing by 2.0% in the second quarter. Legal & General Group Plc now owns 3,432,485 shares of the aircraft producer's stock worth $624,749,000 after acquiring an additional 67,474 shares during the period. Van ECK Associates Corp raised its position in shares of Boeing by 122.0% in the 3rd quarter. Van ECK Associates Corp now owns 2,277,548 shares of the aircraft producer's stock worth $357,712,000 after acquiring an additional 1,251,456 shares in the last quarter. Finally, International Assets Investment Management LLC raised its position in shares of Boeing by 289.8% during the third quarter. International Assets Investment Management LLC now owns 1,682,970 shares of the aircraft producer's stock worth $2,558,790,000 after purchasing an additional 1,251,165 shares during the period. 64.82% of the stock is owned by institutional investors.

Boeing Price Performance

BA traded up $3.70 during trading on Monday, hitting $143.89. The company had a trading volume of 12,254,024 shares, compared to its average volume of 9,188,584. The company has a market cap of $88.95 billion, a PE ratio of -11.15 and a beta of 1.57. The Boeing Company has a 1-year low of $137.03 and a 1-year high of $267.54. The business has a 50-day moving average of $152.82 and a 200-day moving average of $169.19.

Boeing (NYSE:BA - Get Free Report) last posted its quarterly earnings results 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 company had revenue of $17.84 billion during the quarter, compared to analyst estimates of $17.81 billion. During the same period last year, the business earned ($3.26) EPS. The business's quarterly revenue was down 1.5% on a year-over-year basis. Research analysts forecast that The Boeing Company will post -16.2 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on BA shares. Susquehanna reduced their target price on shares of Boeing from $210.00 to $200.00 and set a "positive" rating for the company in a research report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft dropped their price objective on Boeing from $225.00 to $195.00 and set a "buy" rating for the company in a report on Thursday, October 3rd. DZ Bank downgraded Boeing from a "buy" rating to a "hold" rating and set a $152.00 price target on the stock. in a research note on Tuesday, October 15th. Jefferies Financial Group reduced their price objective on Boeing from $270.00 to $240.00 and set a "buy" rating for the company in a report on Monday, September 23rd. Finally, Stifel Nicolaus upped their price objective on Boeing from $230.00 to $235.00 and gave the stock a "buy" rating in a research note on Thursday, August 1st. Three analysts have rated the stock with a sell rating, nine have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $190.37.

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.