The Boeing Company (NYSE:BA) Position Increased by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. raised its holdings in shares of The Boeing Company (NYSE:BAGet Rating) by 2.1% during the 3rd quarter, Holdings Channel reports. The fund owned 293,879 shares of the aircraft producer’s stock after purchasing an additional 6,126 shares during the period. Asset Management One Co. Ltd.’s holdings in Boeing were worth $35,582,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently modified their holdings of the company. EverSource Wealth Advisors LLC boosted its holdings in shares of Boeing by 17.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 395 shares of the aircraft producer’s stock worth $53,000 after acquiring an additional 60 shares in the last quarter. Curi Wealth Management LLC lifted its stake in shares of Boeing by 13.8% in the 2nd quarter. Curi Wealth Management LLC now owns 510 shares of the aircraft producer’s stock valued at $70,000 after purchasing an additional 62 shares during the period. MKT Advisors LLC lifted its stake in shares of Boeing by 1.7% in the 2nd quarter. MKT Advisors LLC now owns 3,850 shares of the aircraft producer’s stock valued at $527,000 after purchasing an additional 66 shares during the period. Goelzer Investment Management Inc. increased its position in shares of Boeing by 2.3% in the 2nd quarter. Goelzer Investment Management Inc. now owns 3,102 shares of the aircraft producer’s stock valued at $424,000 after buying an additional 69 shares in the last quarter. Finally, CWS Financial Advisors LLC increased its position in shares of Boeing by 3.2% in the 2nd quarter. CWS Financial Advisors LLC now owns 2,243 shares of the aircraft producer’s stock valued at $307,000 after buying an additional 69 shares in the last quarter. 57.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on BA shares. The Goldman Sachs Group set a $281.00 target price on Boeing in a report on Wednesday, October 12th. Bank of America raised their target price on shares of Boeing from $165.00 to $190.00 and gave the company a “neutral” rating in a research note on Wednesday, December 7th. Wolfe Research started coverage on shares of Boeing in a report on Monday, October 10th. They set an “outperform” rating and a $180.00 target price on the stock. StockNews.com raised shares of Boeing from a “sell” rating to a “hold” rating in a report on Wednesday, January 18th. Finally, Jefferies Financial Group set a $240.00 target price on shares of Boeing in a report on Monday, January 9th. Five analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, Boeing currently has a consensus rating of “Moderate Buy” and a consensus price target of $222.53.

Boeing Stock Up 1.6 %

NYSE BA opened at $209.97 on Tuesday. The firm’s fifty day moving average price is $189.86 and its two-hundred day moving average price is $164.79. The Boeing Company has a fifty-two week low of $113.02 and a fifty-two week high of $223.23.

Boeing (NYSE:BAGet Rating) last issued its quarterly earnings results on Wednesday, October 26th. The aircraft producer reported ($6.18) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($6.17). The firm had revenue of $15.96 billion for the quarter, compared to the consensus estimate of $18.03 billion. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.60) EPS. As a group, sell-side analysts expect that The Boeing Company will post -8.88 earnings per share for the current year.

Insider Transactions at Boeing

In other Boeing news, Director Steven M. Mollenkopf purchased 1,285 shares of the business’s stock in a transaction dated Friday, November 4th. The shares were bought at an average price of $157.09 per share, for a total transaction of $201,860.65. Following the completion of the acquisition, the director now owns 2,917 shares in the company, valued at $458,231.53. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Boeing news, Director Steven M. Mollenkopf purchased 1,285 shares of the business’s stock in a transaction dated Friday, November 4th. The shares were bought at an average price of $157.09 per share, for a total transaction of $201,860.65. Following the completion of the acquisition, the director now owns 2,917 shares in the company, valued at $458,231.53. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David L. Calhoun bought 25,000 shares of the company’s stock in a transaction that occurred on Friday, November 4th. The stock was purchased at an average price of $158.88 per share, for a total transaction of $3,972,000.00. Following the acquisition, the chief executive officer now owns 25,000 shares of the company’s stock, valued at $3,972,000. The disclosure for this purchase can be found here. 0.11% of the stock is owned by company insiders.

Boeing Company Profile

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The Boeing Co is an aerospace company, which engages in the manufacture of commercial jetliners and defense, space, and security systems. It operates through the following segments: Commercial Airplanes (BCA), Defense, Space and Security (BDS), Global Services (BGS), and Boeing Capital (BCC). The Commercial Airplanes segment includes the development, production, and market of commercial jet aircraft and provides fleet support services, principally to the commercial airline industry worldwide.

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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