Ameritas Advisory Services LLC Purchases 12,171 Shares of The Boeing Company (NYSE:BA)

Ameritas Advisory Services LLC raised its holdings in shares of The Boeing Company (NYSE:BA) by 68.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,961 shares of the aircraft producer’s stock after acquiring an additional 12,171 shares during the quarter. Ameritas Advisory Services LLC’s holdings in Boeing were worth $5,303,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. American Century Companies Inc. lifted its position in Boeing by 20.8% during the second quarter. American Century Companies Inc. now owns 44,992 shares of the aircraft producer’s stock valued at $8,189,000 after purchasing an additional 7,739 shares during the last quarter. Ieq Capital LLC lifted its holdings in shares of Boeing by 11.3% in the 2nd quarter. Ieq Capital LLC now owns 29,154 shares of the aircraft producer’s stock valued at $5,306,000 after acquiring an additional 2,956 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its position in Boeing by 1.5% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 21,454 shares of the aircraft producer’s stock worth $3,905,000 after acquiring an additional 317 shares in the last quarter. AE Wealth Management LLC increased its stake in Boeing by 19.5% during the second quarter. AE Wealth Management LLC now owns 16,402 shares of the aircraft producer’s stock worth $2,985,000 after acquiring an additional 2,678 shares during the last quarter. Finally, Pacer Advisors Inc. raised its position in Boeing by 5.3% during the second quarter. Pacer Advisors Inc. now owns 41,287 shares of the aircraft producer’s stock valued at $7,515,000 after purchasing an additional 2,066 shares during the period. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. cut their target price on Boeing from $195.00 to $190.00 and set an “overweight” rating on the stock in a research report on Monday, November 25th. Wells Fargo & Company cut their price objective on shares of Boeing from $86.00 to $85.00 and set an “underweight” rating on the stock in a research report on Monday, November 4th. UBS Group lowered their target price on shares of Boeing from $215.00 to $195.00 and set a “buy” rating for the company in a report on Thursday, October 24th. Citigroup cut their price target on shares of Boeing from $224.00 to $209.00 and set a “buy” rating on the stock in a report on Tuesday, October 15th. Finally, The Goldman Sachs Group decreased their price objective on shares of Boeing from $232.00 to $202.00 and set a “buy” rating for the company in a research note on Tuesday, September 24th. Two equities research analysts have rated the stock with a sell rating, eight have given 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, Boeing has a consensus rating of “Moderate Buy” and an average price target of $192.21.

Boeing Stock Performance

NYSE BA opened at $171.14 on Friday. The Boeing Company has a one year low of $137.03 and a one year high of $217.59. The company has a market capitalization of $105.80 billion, a price-to-earnings ratio of -13.27 and a beta of 1.52. The company’s 50-day simple moving average is $163.15 and its two-hundred day simple moving average is $164.89.

Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The company had revenue of $17.84 billion for the quarter, compared to the consensus estimate of $17.81 billion. The firm’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period last year, the business earned ($3.26) earnings per share. Equities analysts expect that The Boeing Company will post -16.43 earnings per share 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.