National Bank of Canada FI Has $131.63 Million Stock Position in The Boeing Company (NYSE:BA)

National Bank of Canada FI lowered its stake in The Boeing Company (NYSE:BA - Free Report) by 35.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 522,882 shares of the aircraft producer's stock after selling 288,542 shares during the quarter. National Bank of Canada FI owned approximately 0.09% of Boeing worth $131,632,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Boeing by 0.8% during the third quarter. Vanguard Group Inc. now owns 47,609,508 shares of the aircraft producer's stock valued at $9,125,790,000 after buying an additional 356,496 shares during the period. Morgan Stanley boosted its holdings in shares of Boeing by 1.1% during the third quarter. Morgan Stanley now owns 8,362,267 shares of the aircraft producer's stock worth $1,602,880,000 after purchasing an additional 91,801 shares during the last quarter. Northern Trust Corp grew its position in shares of Boeing by 3.2% in the third quarter. Northern Trust Corp now owns 4,951,181 shares of the aircraft producer's stock valued at $949,042,000 after purchasing an additional 153,168 shares during the period. Jennison Associates LLC acquired a new position in Boeing in the fourth quarter valued at $960,397,000. Finally, Invesco Ltd. lifted its position in Boeing by 30.1% during the third quarter. Invesco Ltd. now owns 3,279,421 shares of the aircraft producer's stock worth $628,599,000 after buying an additional 759,267 shares during the period. Institutional investors and hedge funds own 64.82% of the company's stock.

Boeing Stock Performance

Shares of BA traded up $0.94 during mid-day trading on Friday, reaching $179.79. 5,416,263 shares of the company's stock traded hands, compared to its average volume of 8,228,397. The Boeing Company has a 12 month low of $159.70 and a 12 month high of $267.54. The stock has a market capitalization of $110.37 billion, a P/E ratio of -50.64 and a beta of 1.54. The business's 50-day moving average price is $183.74 and its 200-day moving average price is $205.91.

Boeing (NYSE:BA - Get Free Report) last issued its quarterly earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) EPS for the quarter, beating analysts' consensus estimates of ($0.72) by $0.25. The business had revenue of $22.02 billion for the quarter, compared to analyst estimates of $21.14 billion. Boeing's revenue for the quarter was up 10.2% on a year-over-year basis. During the same period last year, the business posted ($1.75) earnings per share. Equities research analysts anticipate that The Boeing Company will post -0.18 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on BA. Citigroup decreased their target price on Boeing from $252.00 to $224.00 and set a "buy" rating for the company in a report on Thursday, April 25th. JPMorgan Chase & Co. dropped their price objective on shares of Boeing from $230.00 to $210.00 and set an "overweight" rating for the company in a research report on Friday, April 12th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Boeing from $240.00 to $225.00 and set a "buy" rating on the stock in a report on Thursday, April 25th. Melius reissued a "hold" rating on shares of Boeing in a research report on Monday, April 1st. Finally, Susquehanna decreased their target price on Boeing from $265.00 to $230.00 and set a "positive" rating for the company in a research report on Thursday, March 21st. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $222.41.

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.