Boeing Co (NYSE:BA) Shifting Institutional Investors Sentiment

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Sentiment for Boeing Co (NYSE:BA)

Boeing Co (NYSE:BA) institutional sentiment increased to 0.97 in 2019 Q2. Its up 0.05, from 0.92 in 2019Q1. The ratio increased, as 618 hedge funds started new and increased positions, while 639 decreased and sold their positions in Boeing Co. The hedge funds in our partner’s database now have: 335.44 million shares, down from 339.40 million shares in 2019Q1. Also, the number of hedge funds holding Boeing Co in their top 10 positions decreased from 120 to 99 for a decrease of 21. Sold All: 77 Reduced: 562 Increased: 487 New Position: 131.

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. The company has market cap of $213.61 billion. It operates in five divisions: Commercial Airplanes, Boeing Military Aircraft, Network & Space Systems, Global Services & Support, and Boeing Capital. It has a 43.52 P/E ratio. The Commercial Airplanes segment develops, produces, and markets commercial jet aircraft for various passenger and cargo requirements; and provides related support services to the commercial airline industry.

The stock increased 1.06% or $3.98 during the last trading session, reaching $379.61. About 3.21M shares traded. The Boeing Company (NYSE:BA) has declined 2.81% since September 13, 2018 and is downtrending. It has underperformed by 2.81% the S&P500.

Analysts await The Boeing Company (NYSE:BA) to report earnings on October, 23. They expect $2.33 EPS, down 34.92 % or $1.25 from last year’s $3.58 per share. BA’s profit will be $1.31 billion for 40.73 P/E if the $2.33 EPS becomes a reality. After $2.92 actual EPS reported by The Boeing Company for the previous quarter, Wall Street now forecasts -20.21 % negative EPS growth.

United Fire Group Inc holds 9.68% of its portfolio in The Boeing Company for 75,000 shares. Cacti Asset Management Llc owns 254,940 shares or 7.25% of their US portfolio. Moreover, Oakmont Corp has 6.79% invested in the company for 122,793 shares. The California-based Hoertkorn Richard Charles has invested 5.78% in the stock. Cypress Funds Llc, a California-based fund reported 100,000 shares.

The Boeing Company (NYSE:BA) Ratings Coverage

Ratings analysis reveals 43% of Boeing’s analysts are positive. Out of 7 Wall Street analysts rating Boeing, 3 give it “Buy”, 0 “Sell” rating, while 4 recommend “Hold”. The lowest target is $37000 while the high is $48000. The stock’s average target of $427.57 is 12.63% above today’s ($379.61) share price. BA was included in 16 notes of analysts from March 14, 2019. As per Thursday, July 11, the company rating was maintained by Buckingham Research. On Wednesday, July 10 the stock rating was maintained by UBS with “Buy”. Canaccord Genuity maintained it with “Hold” rating and $380 target in Thursday, March 14 report. The firm has “Buy” rating by Robert W. Baird given on Tuesday, March 26. The stock of The Boeing Company (NYSE:BA) earned “Peer Perform” rating by Wolfe Research on Thursday, July 25. The company was maintained on Monday, May 13 by Buckingham Research. J.P. Morgan maintained it with “Buy” rating and $450 target in Thursday, March 14 report. Goldman Sachs maintained The Boeing Company (NYSE:BA) on Thursday, March 14 with “Hold” rating.

More notable recent The Boeing Company (NYSE:BA) news were published by: Investorplace.com which released: “Buy the Dip in Boeing Stock Before the Rebound Rally Heats Up – Investorplace.com” on August 24, 2019, also Seekingalpha.com with their article: “Boeing Wins Important Order After Fleet Rejig – Seeking Alpha” published on September 13, 2019, Seekingalpha.com published: “Boeing suspends load test for new 777X – Seeking Alpha” on September 08, 2019. More interesting news about The Boeing Company (NYSE:BA) were released by: Finance.Yahoo.com and their article: “When Does Patience Run Out for Boeing Stock? – Yahoo Finance” published on September 11, 2019 as well as Fool.com‘s news article titled: “Wide-Body Jet Orders Jump at Airbus and Boeing in July – The Motley Fool” with publication date: August 18, 2019.

The Boeing Company (NYSE:BA) Institutional Positions Chart

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