Fort Sheridan Advisors LLC Boosts Position in The Boeing Company (NYSE:BA)

Fort Sheridan Advisors LLC lifted its stake in shares of The Boeing Company (NYSE:BAGet Rating) by 5.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 30,151 shares of the aircraft producer’s stock after acquiring an additional 1,458 shares during the period. Boeing accounts for approximately 1.8% of Fort Sheridan Advisors LLC’s portfolio, making the stock its 12th biggest position. Fort Sheridan Advisors LLC’s holdings in Boeing were worth $6,070,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Geode Capital Management LLC raised its holdings in Boeing by 3.0% in the 3rd quarter. Geode Capital Management LLC now owns 8,408,616 shares of the aircraft producer’s stock valued at $1,843,585,000 after buying an additional 241,988 shares during the period. Northern Trust Corp raised its holdings in Boeing by 4.0% in the 4th quarter. Northern Trust Corp now owns 5,013,641 shares of the aircraft producer’s stock valued at $1,009,346,000 after buying an additional 193,777 shares during the period. Renaissance Technologies LLC purchased a new stake in Boeing in the 3rd quarter valued at about $329,579,000. Invesco Ltd. raised its holdings in Boeing by 1.1% in the 3rd quarter. Invesco Ltd. now owns 1,225,603 shares of the aircraft producer’s stock valued at $269,559,000 after buying an additional 13,398 shares during the period. Finally, California Public Employees Retirement System raised its holdings in Boeing by 9.5% in the 3rd quarter. California Public Employees Retirement System now owns 1,191,277 shares of the aircraft producer’s stock valued at $262,009,000 after buying an additional 102,973 shares during the period. Institutional investors and hedge funds own 53.96% of the company’s stock.

In other news, Director Lawrence W. Kellner acquired 5,000 shares of Boeing stock in a transaction on Monday, February 14th. The stock was bought at an average price of $208.91 per share, for a total transaction of $1,044,550.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.11% of the stock is currently owned by insiders.

BA traded up $4.06 on Friday, reaching $127.20. The company’s stock had a trading volume of 20,850,964 shares, compared to its average volume of 10,109,236. The stock has a 50 day moving average of $172.87 and a two-hundred day moving average of $195.54. The company has a market capitalization of $75.26 billion, a price-to-earnings ratio of -15.38, a P/E/G ratio of 84.75 and a beta of 1.47. The Boeing Company has a fifty-two week low of $120.28 and a fifty-two week high of $258.40.

Boeing (NYSE:BAGet Rating) last issued its quarterly earnings data on Wednesday, April 27th. The aircraft producer reported ($2.75) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.27) by ($2.48). The business had revenue of $13.99 billion during the quarter, compared to the consensus estimate of $15.90 billion. During the same period in the prior year, the company posted ($1.53) EPS. The company’s revenue was down 8.1% compared to the same quarter last year. On average, research analysts forecast that The Boeing Company will post -0.12 EPS for the current year.

Several analysts recently issued reports on the stock. Benchmark reduced their price objective on shares of Boeing from $270.00 to $250.00 and set a “buy” rating on the stock in a report on Friday, April 22nd. Royal Bank of Canada cut their price target on shares of Boeing from $265.00 to $220.00 in a research note on Thursday, April 28th. Morgan Stanley cut their price target on shares of Boeing from $288.00 to $230.00 and set an “overweight” rating on the stock in a research note on Friday, April 8th. UBS Group set a $263.00 price target on shares of Boeing and gave the stock a “buy” rating in a research note on Thursday, April 28th. Finally, The Goldman Sachs Group set a $300.00 price target on shares of Boeing and gave the stock a “buy” rating in a research note on Wednesday, January 26th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $229.24.

Boeing Company Profile (Get Rating)

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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