1,158 Shares in The Boeing Company (NYSE:BA) Bought by Lakeridge Wealth Management LLC

Lakeridge Wealth Management LLC acquired a new stake in shares of The Boeing Company (NYSE:BA) during the fourth quarter, Holdings Channel.com reports. The firm acquired 1,158 shares of the aircraft producer’s stock, valued at approximately $205,000.

Other hedge funds have also bought and sold shares of the company. State Street Corp raised its holdings in shares of Boeing by 2.3% in the third quarter. State Street Corp now owns 27,778,195 shares of the aircraft producer’s stock worth $4,223,397,000 after buying an additional 636,594 shares during the period. Geode Capital Management LLC increased its stake in Boeing by 2.8% in the third quarter. Geode Capital Management LLC now owns 11,719,794 shares of the aircraft producer’s stock worth $1,774,705,000 after purchasing an additional 320,415 shares during the period. Jennison Associates LLC lifted its position in shares of Boeing by 9.9% during the third quarter. Jennison Associates LLC now owns 6,700,706 shares of the aircraft producer’s stock worth $1,018,775,000 after purchasing an additional 602,143 shares during the last quarter. Fisher Asset Management LLC boosted its stake in shares of Boeing by 6.0% during the third quarter. Fisher Asset Management LLC now owns 4,866,857 shares of the aircraft producer’s stock valued at $739,957,000 after purchasing an additional 277,350 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in Boeing by 1.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,196,648 shares of the aircraft producer’s stock worth $486,018,000 after buying an additional 48,637 shares during the period. Institutional investors own 64.82% of the company’s stock.

Boeing Price Performance

Shares of BA stock opened at $184.52 on Friday. The stock’s fifty day moving average price is $174.96 and its 200 day moving average price is $164.24. The Boeing Company has a 1-year low of $137.03 and a 1-year high of $208.10. The company has a market cap of $138.40 billion, a price-to-earnings ratio of -10.07 and a beta of 1.52.

Boeing (NYSE:BA) last issued its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same period last year, the firm posted ($0.47) earnings per share. As a group, equities research analysts anticipate that The Boeing Company will post -2.3 earnings per share for the current year.

Analyst Upgrades and Downgrades

BA has been the subject of several research reports. Wells Fargo & Company boosted their price objective on shares of Boeing from $85.00 to $103.00 and gave the company an “underweight” rating in a research report on Wednesday, January 29th. Morgan Stanley lowered their price target on Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a report on Thursday, October 24th. Sanford C. Bernstein downgraded Boeing from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $195.00 to $169.00 in a report on Wednesday, October 30th. Barclays upgraded Boeing from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $190.00 to $210.00 in a report on Monday, January 6th. Finally, Benchmark restated a “buy” rating and set a $250.00 price target on shares of Boeing in a research note on Thursday, October 24th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $195.16.

Boeing Company 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.