The Boeing Company (NYSE:BA) Shares Bought by B.O.S.S. Retirement Advisors LLC

B.O.S.S. Retirement Advisors LLC boosted its stake in The Boeing Company (NYSE:BA) by 82.7% during the 4th quarter, HoldingsChannel reports. The fund owned 2,594 shares of the aircraft producer’s stock after buying an additional 1,174 shares during the period. B.O.S.S. Retirement Advisors LLC’s holdings in Boeing were worth $459,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp raised its holdings in shares of Boeing by 2.3% during the third quarter. State Street Corp now owns 27,778,195 shares of the aircraft producer’s stock worth $4,223,397,000 after purchasing an additional 636,594 shares during the period. Geode Capital Management LLC increased its holdings in shares of Boeing by 2.8% in the 3rd quarter. Geode Capital Management LLC now owns 11,719,794 shares of the aircraft producer’s stock worth $1,774,705,000 after acquiring an additional 320,415 shares during the period. Jennison Associates LLC increased its stake 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 purchasing an additional 602,143 shares during the period. Fisher Asset Management LLC increased its stake in shares of Boeing by 6.0% in 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, Legal & General Group Plc increased its stake in shares of Boeing by 2.0% in the second quarter. Legal & General Group Plc now owns 3,432,485 shares of the aircraft producer’s stock valued at $624,749,000 after purchasing an additional 67,474 shares during the period. 64.82% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on BA shares. Robert W. Baird lowered their price target on Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Morgan Stanley lowered their price target on Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 24th. Citigroup dropped their price objective on Boeing from $209.00 to $207.00 and set a “buy” rating on the stock in a research note on Friday. Wells Fargo & Company decreased their target price on Boeing from $86.00 to $85.00 and set an “underweight” rating for the company in a research note on Monday, November 4th. Finally, Northcoast Research upgraded shares of Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $192.11.

Boeing Stock Performance

Shares of Boeing stock opened at $175.95 on Friday. The firm has a market cap of $108.77 billion, a P/E ratio of -13.64 and a beta of 1.52. The firm’s 50-day simple moving average is $166.42 and its 200-day simple moving average is $164.56. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $214.63.

Boeing (NYSE:BA) last posted its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The firm had revenue of $17.84 billion for the quarter, compared to the consensus estimate of $17.81 billion. During the same period in the prior year, the business earned ($3.26) EPS. The company’s revenue was down 1.5% compared to the same quarter last year. On average, equities analysts forecast that The Boeing Company will post -16.39 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.