Capital World Investors Decreased Boeing Co (BA) Holding as Shares Rose

Boeing Crushes Q1 Estimates What You Need To Know

The stock has "Buy" rating by Jefferies on Thursday, August 11. Further, Cypress Funds Llc reported 147,000 shares in Boeing Co equivalent to 7.49% of its United States long equity exposure. On Thursday, April 19 Canaccord Genuity maintained The Boeing Company (NYSE:BA) with "Buy" rating.

Added to already-planned rate increases for the 787 Dreamliner in Everett, Wash., next year and for the 737 in Renton this year, the three rate hikes should maintain Seattle-area assembly line jobs at Boeing, offsetting downturns in the 777 and the forthcoming 777X. On Tuesday, February 13 the rating was upgraded by Edward Jones to "Buy". The company now has a consensus rating of "Buy" and a consensus price target of $365.55.

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.

According to CNN Money, the 24 analysts, offering 12-month forecasts regarding Boeing Company's stock price, have a median target of $400.00, with a high estimate of $500.00 and a low estimate of $289.00.

With passenger traffic up in February almost 6 percent from a year ago, Boeing executives announced first-quarter earnings and revenue above Wall Street expectations and raised their profit forecast for the year.

The plans arrived as Ford announced first quarter net income of $1.7 billion, up by $100 million from the same period a year earlier, and earnings increased to 43 cents a share, up by 3 cents. The company had revenue of $23.38 billion for the quarter, compared to analyst estimates of $22.22 billion.

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Ticker's shares touched $336.65 during the last trading session after 2.31% change.Currently The Boeing Company is uptrending after 82.35% change in last April 25, 2017. The shares were sold at an average price of $337.43, for a total value of $12,174,136.97.

M&T Bank Corp cut its position in Boeing (NYSE:BA) by 2.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. 65 Investors Sold All; 614 Reduced Holdings; 391 increased holdings while 148 hedge funds bought holdings. United Fire Group Inc revealed 75,000 shares position in Boeing Co.

Boeing, in-line with that forecast, expects now to hike the production of its 767 aircraft to 3 per month by the year 2020.

"During the quarter we captured important new business, including an initial contract for 28 F/A-18 Super Hornets for Kuwait, a Ground-based Midcourse Defense program contract extension from the Missile Defense Agency and we delivered the first Space Launch System intertank hardware to NASA". The fund Cypress Funds Llc has 7.49% invested. Hanseatic Management Services Inc. purchased a new position in shares of Boeing during the 2nd quarter worth approximately $637,000. The institutional investor owned 33,017 shares of the aircraft producer's stock after selling 2,635 shares during the period. 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. Insiders own 0.24% of the company's stock. Finally, Suntrust Banks Inc. grew its stake in Boeing by 5.0% in the second quarter. Arrowstreet Ltd Partnership stated it has 1.85 million shares.

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The company's earnings came in at $2.48 billion, or $4.15 per share.

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