Key Client Fiduciary Advisors LLC decreased its stake in The Boeing Company (NYSE:BA – Free Report) by 10.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,491 shares of the aircraft producer’s stock after selling 180 shares during the quarter. Key Client Fiduciary Advisors LLC’s holdings in Boeing were worth $264,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. AdvisorNet Financial Inc raised its position in shares of Boeing by 54.2% in the fourth quarter. AdvisorNet Financial Inc now owns 2,021 shares of the aircraft producer’s stock worth $358,000 after acquiring an additional 710 shares during the period. Carnegie Investment Counsel raised its holdings in Boeing by 175.6% in the 4th quarter. Carnegie Investment Counsel now owns 4,619 shares of the aircraft producer’s stock worth $818,000 after purchasing an additional 2,943 shares during the period. Rockefeller Capital Management L.P. boosted its position in Boeing by 8.8% during the third quarter. Rockefeller Capital Management L.P. now owns 473,917 shares of the aircraft producer’s stock worth $72,075,000 after purchasing an additional 38,300 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Boeing by 6.1% in the third quarter. Principal Financial Group Inc. now owns 666,244 shares of the aircraft producer’s stock valued at $101,296,000 after purchasing an additional 38,332 shares during the period. Finally, Jennison Associates LLC increased its position in shares of Boeing by 9.9% in the third quarter. Jennison Associates LLC now owns 6,700,706 shares of the aircraft producer’s stock valued at $1,018,775,000 after buying an additional 602,143 shares in the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several research firms recently weighed in on BA. JPMorgan Chase & Co. reduced their price target on shares of Boeing from $195.00 to $190.00 and set an “overweight” rating for the company in a research report on Monday, November 25th. Citigroup reduced their price objective on Boeing from $224.00 to $209.00 and set a “buy” rating on the stock in a research report on Tuesday, October 15th. Barclays raised Boeing from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $190.00 to $210.00 in a research note on Monday, January 6th. Robert W. Baird lowered their price target on shares of Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Finally, Benchmark restated a “buy” rating and set a $250.00 price objective on shares of Boeing in a research report on Thursday, October 24th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $192.21.
Boeing Stock Up 2.0 %
Boeing stock opened at $178.34 on Friday. The firm has a market cap of $110.25 billion, a PE ratio of -13.82 and a beta of 1.52. The company’s 50 day moving average is $164.90 and its two-hundred day moving average is $164.53. The Boeing Company has a 52-week low of $137.03 and a 52-week high of $217.59.
Boeing (NYSE:BA – Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The business had revenue of $17.84 billion for the quarter, compared to the consensus estimate of $17.81 billion. The firm’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period in the previous year, the business earned ($3.26) EPS. On average, equities research analysts anticipate that The Boeing Company will post -16.36 earnings per share 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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