Optas LLC Acquires 667 Shares of The Boeing Company (NYSE:BA)

Optas LLC increased its holdings in shares of The Boeing Company (NYSE:BA) by 46.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,088 shares of the aircraft producer’s stock after purchasing an additional 667 shares during the period. Optas LLC’s holdings in Boeing were worth $370,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. AdvisorNet Financial Inc raised its stake in shares of Boeing by 54.2% during the 4th quarter. AdvisorNet Financial Inc now owns 2,021 shares of the aircraft producer’s stock worth $358,000 after acquiring an additional 710 shares in the last quarter. Carnegie Investment Counsel increased its position 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 worth $818,000 after purchasing an additional 2,943 shares in the last quarter. Rockefeller Capital Management L.P. lifted its holdings in shares of Boeing by 8.8% during the 3rd 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 last quarter. Principal Financial Group Inc. boosted its position in shares of Boeing by 6.1% in the 3rd quarter. Principal Financial Group Inc. now owns 666,244 shares of the aircraft producer’s stock worth $101,296,000 after purchasing an additional 38,332 shares in the last quarter. Finally, Jennison Associates LLC grew its stake in Boeing by 9.9% during the 3rd quarter. Jennison Associates LLC now owns 6,700,706 shares of the aircraft producer’s stock worth $1,018,775,000 after buying an additional 602,143 shares during the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Boeing Stock Down 0.3 %

NYSE:BA opened at $175.95 on Tuesday. The stock has a market capitalization of $108.77 billion, a PE ratio of -9.60 and a beta of 1.52. The Boeing Company has a 52 week low of $137.03 and a 52 week high of $213.77. The stock’s 50-day moving average price is $169.50 and its 200-day moving average price is $164.05.

Boeing (NYSE:BA) last issued its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same quarter in the prior year, the business earned ($0.47) earnings per share. Sell-side analysts expect that The Boeing Company will post -2.12 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Barclays upgraded Boeing from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $190.00 to $210.00 in a research note on Monday, January 6th. Northcoast Research raised shares of Boeing from a “sell” rating to a “neutral” rating in a report on Thursday, December 12th. Robert W. Baird dropped their price objective on shares of Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. 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, TD Cowen dropped their price target on Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Boeing presently has an average rating of “Moderate Buy” and a consensus target price of $195.00.

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.