Boeing (BA) PT Set at $336.00 by Goldman Sachs

American Century Companies Inc. now owns 3,106,855 shares of the aircraft producer's stock valued at $789,794,000 after purchasing an additional 417,793 shares during the last quarter.

Institutional investors now hold around $141.84 billion or 72.2% in BA stock. Further, Cypress Funds Llc reported 147,000 shares in Boeing Co equivalent to 7.49% of its fund's portfolio. The stock rating was maintained by Canaccord Genuity with "Hold" on Monday, January 8. Morgan Stanley maintained it with "Equal-Weight" rating and $285 target in Tuesday, October 24 report. Finally, Sanford C. Bernstein raised their price objective on shares of Boeing from $402.00 to $422.00 in a report on Friday, February 2nd. Out of 18 Wall Street analysts rating Boeing, 14 give it "Buy", 0 "Sell" rating, while 4 recommend "Hold". The avg target $386 is 14.66% above the last ($336.65) price.

BA traded up $4.78 during trading on Wednesday, reaching $333.84. The company has a market cap of $199,404.05, a PE ratio of 27.33, a P/E/G ratio of 1.75 and a beta of 1.39.

Since January 1, 0001, it had 0 buys, and 1 sale for $12.17 million activity. (BA) released earnings for its first quarter that climbed from past year.

The company's revenue for the quarter rose 6.5% to $23.38 billion from $21.96 billion a year ago. The firm's revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the business posted $2.01 earnings per share. research analysts anticipate that Boeing will post 14.07 EPS for the current year.

In related news, CFO Gregory D. Smith sold 36,079 shares of the firm's stock in a transaction that occurred on Thursday, February 8th.

The Boeing Company disclosed in a document filed with the US Securities and Exchange Commission (SEC) that CFO & EVP, Ent Perf & Strategy Smith Gregory D has sold 36,079 shares of The Boeing Company (BA) in trading session dated February 08, 2018. It dropped, as 65 investors sold BA shares while 614 reduced holdings. It also increased its holding in Suncor Energy Inc (NYSE:SU) by 5.28M shares in the quarter, for a total of 52.16M shares, and has risen its stake in United Continental Holdings Inc (NYSE:UAL). Ameriprise Financial Inc. now owns 3,424,281 shares of the aircraft producer's stock valued at $870,618,000 after purchasing an additional 402,240 shares during the last quarter.

The results helped Boeing inch closer to a targeted operating margin in the mid-teens by the end of next year. The fund Cypress Funds Llc has 7.49% invested. Boeing Co's shareholder Levy Harkins & Co Inc owns 120,102 shares as of Q4 2017. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 35,515,544 shares of the stock are valued at $12.03 billion. The institutional investor held 226,830 shares of the consumer services company at the end of 2017Q4, valued at $9.40 million, up from 165,743 at the end of the previous reported quarter. 1,038 are owned by Wealth Architects Ltd Liability Corporation.

COPYRIGHT VIOLATION NOTICE: This piece was first posted by Enterprise Leader and is the sole property of of Enterprise Leader.

The Boeing Company, together with its subsidiaries, designs, develops, makes, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services worldwide. It operates in five divisions: Commercial Airplanes, Boeing Military Aircraft, Network & Space Systems, Global Services & Support, and Boeing Capital.


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