The Boeing Company (NYSE:BA) Shares Purchased by Stonnington Group LLC

Stonnington Group LLC increased its holdings in shares of The Boeing Company (NYSE:BA – Get Rating) by 109.5% in the fourth quarter, Holdings Channel reports. The firm owned 24,905 shares of the aircraft producer’s stock after buying an additional 13,015 shares during the period. Boeing comprises 1.4% of Stonnington Group LLC’s investment portfolio, making the stock its 13th largest holding. Stonnington Group LLC’s holdings in Boeing were worth $5,148,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Baird Financial Group Inc. boosted its holdings in Boeing by 8.0% during the 3rd quarter. Baird Financial Group Inc. now owns 238,221 shares of the aircraft producer’s stock valued at $28,844,000 after acquiring an additional 17,716 shares during the period. Meiji Yasuda Life Insurance Co boosted its holdings in Boeing by 10.2% during the 3rd quarter. Meiji Yasuda Life Insurance Co now owns 3,297 shares of the aircraft producer’s stock valued at $399,000 after acquiring an additional 306 shares during the period. ExodusPoint Capital Management LP boosted its holdings in Boeing by 241.5% during the 3rd quarter. ExodusPoint Capital Management LP now owns 94,629 shares of the aircraft producer’s stock valued at $11,458,000 after acquiring an additional 66,919 shares during the period. McDonald Partners LLC boosted its holdings in Boeing by 4.1% during the 3rd quarter. McDonald Partners LLC now owns 3,221 shares of the aircraft producer’s stock valued at $390,000 after acquiring an additional 126 shares during the period. Finally, Kentucky Retirement Systems boosted its holdings in Boeing by 5.9% during the 3rd quarter. Kentucky Retirement Systems now owns 43,693 shares of the aircraft producer’s stock valued at $5,290,000 after acquiring an additional 2,417 shares during the period. 57.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Morgan Stanley cut Boeing from an “overweight” rating to an “equal weight” rating and raised their target price for the company from $213.00 to $220.00 in a report on Tuesday, January 10th. Northcoast Research initiated coverage on shares of Boeing in a research note on Thursday. They set a “neutral” rating on the stock. Robert W. Baird lifted their price target on shares of Boeing from $210.00 to $250.00 in a research note on Tuesday, January 3rd. Susquehanna Bancshares boosted their target price on shares of Boeing from $185.00 to $217.00 and gave the stock a “positive” rating in a research note on Wednesday, December 14th. Finally, Bank of America increased their target price on Boeing from $165.00 to $190.00 and gave the company a “neutral” rating in a report on Wednesday, December 7th. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Boeing currently has an average rating of “Moderate Buy” and a consensus target price of $225.13.

Boeing Trading Down 1.1 %

BA opened at $201.05 on Friday. The Boeing Company has a one year low of $113.02 and a one year high of $221.33. The business’s 50-day simple moving average is $209.05 and its 200-day simple moving average is $178.03.

Boeing (NYSE:BA – Get Rating) last released its quarterly earnings results on Wednesday, January 25th. The aircraft producer reported ($1.75) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($1.80). The company had revenue of $19.98 billion during the quarter, compared to analysts’ expectations of $20.10 billion. During the same quarter in the previous year, the company earned ($7.69) EPS. The firm’s revenue was up 35.1% compared to the same quarter last year. On average, sell-side analysts anticipate that The Boeing Company will post 0.74 earnings per share for the current fiscal year.

Boeing Profile

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The Boeing Co is an aerospace company, which engages in the manufacture of commercial jetliners and defense, space, and security systems. It operates through the following segments: Commercial Airplanes (BCA), Defense, Space and Security (BDS), Global Services (BGS), and Boeing Capital (BCC). The Commercial Airplanes segment includes the development, production, and market of commercial jet aircraft and provides fleet support services, principally to the commercial airline industry worldwide.