The Boeing Company (NYSE:BA) Shares Bought by Ballentine Partners LLC

Ballentine Partners LLC lifted its stake in shares of The Boeing Company (NYSE:BA) by 27.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,788 shares of the aircraft producer’s stock after acquiring an additional 1,254 shares during the quarter. Ballentine Partners LLC’s holdings in Boeing were worth $1,024,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans raised its position in Boeing by 28.2% in the second quarter. Thrivent Financial for Lutherans now owns 32,646 shares of the aircraft producer’s stock worth $5,942,000 after acquiring an additional 7,182 shares in the last quarter. Frank Rimerman Advisors LLC raised its holdings in shares of Boeing by 1,401.6% in the 2nd quarter. Frank Rimerman Advisors LLC now owns 2,778 shares of the aircraft producer’s stock worth $506,000 after purchasing an additional 2,593 shares in the last quarter. Public Sector Pension Investment Board lifted its stake in Boeing by 72.7% during the second quarter. Public Sector Pension Investment Board now owns 21,790 shares of the aircraft producer’s stock valued at $3,966,000 after purchasing an additional 9,171 shares during the last quarter. Evergreen Capital Management LLC boosted its holdings in Boeing by 3.1% during the second quarter. Evergreen Capital Management LLC now owns 6,260 shares of the aircraft producer’s stock worth $1,139,000 after buying an additional 191 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in Boeing by 61.3% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 111,023 shares of the aircraft producer’s stock worth $20,207,000 after buying an additional 42,174 shares during the last quarter. Institutional investors own 64.82% of the company’s stock.

Boeing Trading Down 0.4 %

Boeing stock opened at $174.87 on Thursday. The company has a market capitalization of $108.11 billion, a P/E ratio of -13.56 and a beta of 1.52. The Boeing Company has a 1-year low of $137.03 and a 1-year high of $217.59. The firm’s fifty day simple moving average is $164.20 and its 200-day simple moving average is $164.46.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The business had revenue of $17.84 billion during the quarter, compared to the consensus estimate of $17.81 billion. Boeing’s revenue was down 1.5% on a year-over-year basis. During the same period in the prior year, the company earned ($3.26) earnings per share. On average, equities research analysts predict that The Boeing Company will post -16.46 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on BA shares. Wells Fargo & Company reduced their price objective on Boeing from $86.00 to $85.00 and set an “underweight” rating for the company in a research note on Monday, November 4th. TD Cowen dropped their price target on Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. DZ Bank lowered shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 price objective for the company. in a research note on Tuesday, October 15th. JPMorgan Chase & Co. dropped their target price on shares of Boeing from $195.00 to $190.00 and set an “overweight” rating on the stock in a research report on Monday, November 25th. Finally, Barclays upgraded shares of Boeing from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $190.00 to $210.00 in a research report on Monday, January 6th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Boeing has a consensus rating of “Moderate Buy” and a consensus target price of $192.21.

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.