The Boeing Company (NYSE:BA) Shares Purchased by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. lifted its stake in shares of The Boeing Company (NYSE:BA) by 8.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 473,917 shares of the aircraft producer’s stock after buying an additional 38,300 shares during the quarter. Rockefeller Capital Management L.P. owned about 0.08% of Boeing worth $72,075,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Centric Wealth Management grew its stake in Boeing by 361.8% during the 3rd quarter. Centric Wealth Management now owns 6,243 shares of the aircraft producer’s stock worth $919,000 after buying an additional 4,891 shares during the last quarter. Public Sector Pension Investment Board increased its holdings in shares of Boeing by 17.4% in the 3rd quarter. Public Sector Pension Investment Board now owns 25,590 shares of the aircraft producer’s stock valued at $3,891,000 after acquiring an additional 3,800 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Boeing by 16.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,472,126 shares of the aircraft producer’s stock worth $375,862,000 after purchasing an additional 348,652 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Boeing by 5.8% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 133,689 shares of the aircraft producer’s stock worth $20,326,000 after purchasing an additional 7,298 shares during the last quarter. Finally, FORA Capital LLC acquired a new position in Boeing in the third quarter valued at $14,192,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on BA. JPMorgan Chase & Co. dropped their price target on Boeing from $195.00 to $190.00 and set an “overweight” rating on the stock in a research report on Monday, November 25th. Robert W. Baird cut their price target on Boeing from $240.00 to $200.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. DZ Bank lowered shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 price objective on the stock. in a research report on Tuesday, October 15th. Benchmark restated a “buy” rating and issued a $250.00 target price on shares of Boeing in a research note on Thursday, October 24th. Finally, Wells Fargo & Company dropped their price target on shares of Boeing from $86.00 to $85.00 and set an “underweight” rating on the stock in a research note on Monday, November 4th. Three 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’s stock. According to data from MarketBeat.com, Boeing presently has a consensus rating of “Hold” and an average price target of $190.11.

Boeing Trading Up 2.1 %

Shares of BA opened at $155.65 on Friday. The company has a 50-day moving average of $151.48 and a two-hundred day moving average of $167.51. The stock has a market cap of $96.22 billion, a P/E ratio of -12.07 and a beta of 1.57. The Boeing Company has a 12-month low of $137.03 and a 12-month high of $267.54.

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 company had revenue of $17.84 billion during the quarter, compared to analysts’ expectations of $17.81 billion. The business’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($3.26) earnings per share. As a group, analysts forecast that The Boeing Company will post -16.19 EPS for the current fiscal year.

Boeing Company 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.