ING Groep NV Has $1.04 Million Stock Holdings in The Boeing Company (NYSE:BA)

ING Groep NV decreased its holdings in shares of The Boeing Company (NYSE:BA - Free Report) by 97.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,115 shares of the aircraft producer's stock after selling 208,252 shares during the period. ING Groep NV's holdings in Boeing were worth $1,043,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in BA. Northern Trust Corp boosted its position in Boeing by 33.6% in the fourth quarter. Northern Trust Corp now owns 6,504,610 shares of the aircraft producer's stock valued at $1,151,316,000 after buying an additional 1,634,231 shares in the last quarter. Castlekeep Investment Advisors LLC acquired a new position in shares of Boeing in the 4th quarter worth approximately $568,000. Alyeska Investment Group L.P. acquired a new stake in Boeing during the 4th quarter valued at $526,889,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Boeing by 14.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,841,432 shares of the aircraft producer's stock valued at $502,933,000 after purchasing an additional 369,306 shares in the last quarter. Finally, Zimmer Partners LP bought a new position in Boeing in the 4th quarter valued at $393,736,000. 64.82% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on BA. Rothschild & Co Redburn upgraded Boeing from a "neutral" rating to a "buy" rating and set a $275.00 target price for the company in a research note on Friday, June 27th. Jefferies Financial Group increased their price objective on shares of Boeing from $230.00 to $250.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Wells Fargo & Company reaffirmed an "underweight" rating on shares of Boeing in a research note on Thursday, May 22nd. The Goldman Sachs Group set a $212.00 price target on shares of Boeing and gave the company a "buy" rating in a research note on Thursday, June 12th. Finally, TD Securities cut shares of Boeing to a "cautious" rating in a research report on Thursday, May 22nd. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating, seventeen have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, Boeing presently has an average rating of "Moderate Buy" and an average target price of $228.90.

Insider Activity at Boeing

In related news, EVP Jeffrey S. Shockey sold 3,205 shares of the firm's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $202.87, for a total transaction of $650,198.35. Following the sale, the executive vice president directly owned 20,513 shares in the company, valued at $4,161,472.31. This trade represents a 13.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Brendan J. Nelson sold 640 shares of the business's stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $206.28, for a total transaction of $132,019.20. Following the completion of the sale, the senior vice president directly owned 13,258 shares in the company, valued at $2,734,860.24. This represents a 4.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by insiders.

Boeing Stock Up 0.1%

Shares of NYSE BA opened at $225.03 on Thursday. The Boeing Company has a twelve month low of $128.88 and a twelve month high of $242.69. The stock has a market cap of $170.16 billion, a price-to-earnings ratio of -13.63 and a beta of 1.48. The company's fifty day moving average is $216.56 and its 200-day moving average is $189.82.

Boeing (NYSE:BA - Get Free Report) last posted its earnings results on Tuesday, July 29th. The aircraft producer reported ($1.24) earnings per share for the quarter, missing the consensus estimate of ($0.92) by ($0.32). The business had revenue of $22.75 billion during the quarter, compared to analysts' expectations of $20.13 billion. During the same quarter in the previous year, the company posted ($2.90) EPS. The company's quarterly revenue was up 34.9% on a year-over-year basis. On average, research analysts anticipate that The Boeing Company will post -2.58 EPS for the current fiscal year.

Boeing 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.

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