FNY Investment Advisers LLC grew its position in shares of The Boeing Company (NYSE:BA – Free Report) by 81.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,772 shares of the aircraft producer’s stock after purchasing an additional 7,090 shares during the period. Boeing comprises about 1.5% of FNY Investment Advisers LLC’s holdings, making the stock its 13th largest holding. FNY Investment Advisers LLC’s holdings in Boeing were worth $2,791,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. IMS Capital Management lifted its position in Boeing by 0.4% in the 2nd quarter. IMS Capital Management now owns 16,032 shares of the aircraft producer’s stock worth $2,759,000 after buying an additional 62 shares during the last quarter. Sterneck Capital Management LLC lifted its holdings in shares of Boeing by 2.3% in the 4th quarter. Sterneck Capital Management LLC now owns 2,992 shares of the aircraft producer’s stock worth $530,000 after acquiring an additional 66 shares during the last quarter. Peoples Financial Services CORP. boosted its stake in shares of Boeing by 0.8% in the 3rd quarter. Peoples Financial Services CORP. now owns 8,893 shares of the aircraft producer’s stock valued at $1,352,000 after purchasing an additional 67 shares in the last quarter. Altus Wealth Group LLC grew its holdings in shares of Boeing by 5.7% during the 3rd quarter. Altus Wealth Group LLC now owns 1,325 shares of the aircraft producer’s stock valued at $201,000 after purchasing an additional 71 shares during the last quarter. Finally, Hancock Whitney Corp raised its position in Boeing by 1.0% in the 2nd quarter. Hancock Whitney Corp now owns 7,582 shares of the aircraft producer’s stock worth $1,380,000 after purchasing an additional 72 shares during the period. 64.82% of the stock is currently owned by hedge funds and other institutional investors.
Boeing Stock Down 0.8 %
NYSE BA opened at $170.56 on Tuesday. The Boeing Company has a 52 week low of $137.03 and a 52 week high of $217.59. The company has a market capitalization of $105.44 billion, a P/E ratio of -13.22 and a beta of 1.52. The stock’s 50-day moving average price is $161.70 and its 200-day moving average price is $165.07.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on BA. Royal Bank of Canada reaffirmed an “outperform” rating and set a $200.00 price objective on shares of Boeing in a research note on Wednesday, October 30th. Citigroup reduced their price target on Boeing from $224.00 to $209.00 and set a “buy” rating on the stock in a research report on Tuesday, October 15th. Wells Fargo & Company lowered their price target on shares of Boeing from $86.00 to $85.00 and set an “underweight” rating for the company in a report on Monday, November 4th. Jefferies Financial Group lowered their price target on Boeing from $270.00 to $240.00 and set a “buy” rating for the company in a research report on Monday, September 23rd. Finally, Benchmark reaffirmed a “buy” rating and issued a $250.00 target price on shares of Boeing in a research report on Thursday, October 24th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Boeing presently has a consensus rating of “Moderate Buy” and a consensus target price of $192.21.
Get Our Latest Stock Report on BA
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.
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