Teamwork Financial Advisors LLC Acquires New Shares in The Boeing Company (NYSE:BA)

Teamwork Financial Advisors LLC bought a new position in The Boeing Company (NYSE:BA) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 8,708 shares of the aircraft producer’s stock, valued at approximately $1,541,000.

Other large investors have also recently bought and sold shares of the company. AdvisorNet Financial Inc raised its holdings in Boeing by 54.2% in the 4th quarter. AdvisorNet Financial Inc now owns 2,021 shares of the aircraft producer’s stock valued at $358,000 after buying an additional 710 shares during the last quarter. Carnegie Investment Counsel raised its stake in shares of Boeing by 175.6% during the fourth quarter. Carnegie Investment Counsel now owns 4,619 shares of the aircraft producer’s stock valued at $818,000 after acquiring an additional 2,943 shares during the last quarter. Rockefeller Capital Management L.P. increased its holdings in Boeing by 8.8% in the third quarter. Rockefeller Capital Management L.P. now owns 473,917 shares of the aircraft producer’s stock valued at $72,075,000 after purchasing an additional 38,300 shares during the period. Principal Financial Group Inc. lifted its holdings in Boeing by 6.1% during the 3rd quarter. Principal Financial Group Inc. now owns 666,244 shares of the aircraft producer’s stock worth $101,296,000 after buying an additional 38,332 shares during the period. Finally, Jennison Associates LLC grew its position in shares of Boeing by 9.9% in the 3rd quarter. Jennison Associates LLC now owns 6,700,706 shares of the aircraft producer’s stock valued at $1,018,775,000 after buying an additional 602,143 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on BA shares. Deutsche Bank Aktiengesellschaft lifted their price objective on Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, January 2nd. TD Cowen decreased their price objective on shares of Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a research report on Monday, October 14th. JPMorgan Chase & Co. dropped their target price on shares of Boeing from $195.00 to $190.00 and set an “overweight” rating on the stock in a report on Monday, November 25th. Wells Fargo & Company decreased their price target on Boeing from $86.00 to $85.00 and set an “underweight” rating for the company in a report on Monday, November 4th. Finally, Barclays upgraded Boeing from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $190.00 to $210.00 in a research report on Monday, January 6th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $192.21.

Boeing Stock Down 0.4 %

BA stock opened at $174.87 on Thursday. The firm has a market capitalization of $108.11 billion, a PE ratio of -13.56 and a beta of 1.52. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $217.59. The stock’s 50 day moving average is $164.90 and its 200-day moving average is $164.53.

Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share 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. During the same quarter in the prior year, the firm earned ($3.26) earnings per share. Boeing’s quarterly revenue was down 1.5% compared to the same quarter last year. On average, equities research analysts anticipate that The Boeing Company will post -16.36 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.