Fisher Asset Management LLC Buys 277,350 Shares of The Boeing Company (NYSE:BA)

Fisher Asset Management LLC grew its stake in The Boeing Company (NYSE:BA) by 6.0% during the third quarter, Holdings Channel reports. The firm owned 4,866,857 shares of the aircraft producer’s stock after purchasing an additional 277,350 shares during the period. Fisher Asset Management LLC’s holdings in Boeing were worth $739,957,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of BA. Earnest Partners LLC lifted its position in shares of Boeing by 5.8% during the first quarter. Earnest Partners LLC now owns 2,106 shares of the aircraft producer’s stock valued at $406,000 after purchasing an additional 116 shares in the last quarter. Waverly Advisors LLC grew its holdings in shares of Boeing by 37.2% in the first quarter. Waverly Advisors LLC now owns 11,649 shares of the aircraft producer’s stock valued at $2,248,000 after acquiring an additional 3,160 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in Boeing by 21.3% during the first quarter. Janus Henderson Group PLC now owns 93,046 shares of the aircraft producer’s stock worth $17,948,000 after acquiring an additional 16,342 shares during the period. Industrial Alliance Investment Management Inc. boosted its position in Boeing by 11.2% in the first quarter. Industrial Alliance Investment Management Inc. now owns 2,391 shares of the aircraft producer’s stock worth $461,000 after purchasing an additional 240 shares during the last quarter. Finally, Elkhorn Partners Limited Partnership increased its position in shares of Boeing by 29.8% during the 1st quarter. Elkhorn Partners Limited Partnership now owns 2,830 shares of the aircraft producer’s stock valued at $546,000 after purchasing an additional 650 shares during the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Analyst Ratings Changes

BA has been the subject of several research analyst reports. Citigroup decreased their price target on shares of Boeing from $224.00 to $209.00 and set a “buy” rating for the company in a research note on Tuesday, October 15th. Sanford C. Bernstein lowered shares of Boeing from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $195.00 to $169.00 in a research note on Wednesday, October 30th. Benchmark reissued a “buy” rating and set a $250.00 price objective on shares of Boeing in a report on Thursday, October 24th. DZ Bank lowered shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 price target for the company. in a research report on Tuesday, October 15th. Finally, Morgan Stanley dropped their price objective on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a report on Thursday, October 24th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $190.37.

Boeing Trading Up 4.1 %

Shares of NYSE:BA opened at $149.29 on Monday. The Boeing Company has a 12-month low of $137.03 and a 12-month high of $267.54. The stock has a market capitalization of $92.29 billion, a price-to-earnings ratio of -11.57 and a beta of 1.57. The stock has a fifty day simple moving average of $151.70 and a two-hundred day simple moving average of $168.27.

Boeing (NYSE:BA) last announced its quarterly 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 analysts’ expectations of $17.81 billion. The firm’s revenue was down 1.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($3.26) earnings per share. As a group, equities research analysts predict that The Boeing Company will post -16.2 EPS for the current year.

About Boeing

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.