The Boeing Company (NYSE:BA) Shares Acquired by Institute for Wealth Management LLC.

Institute for Wealth Management LLC. lifted its position in The Boeing Company (NYSE:BA) by 14.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,077 shares of the aircraft producer’s stock after acquiring an additional 2,351 shares during the period. Institute for Wealth Management LLC.’s holdings in Boeing were worth $3,377,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BA. State Street Corp lifted its holdings in shares of Boeing by 2.3% during the third quarter. State Street Corp now owns 27,778,195 shares of the aircraft producer’s stock worth $4,223,397,000 after purchasing an additional 636,594 shares during the period. Geode Capital Management LLC lifted its stake in Boeing by 2.8% during the 3rd quarter. Geode Capital Management LLC now owns 11,719,794 shares of the aircraft producer’s stock valued at $1,774,705,000 after acquiring an additional 320,415 shares during the period. Jennison Associates LLC boosted its holdings 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 acquiring an additional 602,143 shares during the last quarter. Fisher Asset Management LLC increased its stake in shares of Boeing by 6.0% in the third quarter. Fisher Asset Management LLC now owns 4,866,857 shares of the aircraft producer’s stock worth $739,957,000 after acquiring an additional 277,350 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Boeing by 1.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,196,648 shares of the aircraft producer’s stock worth $486,018,000 after purchasing an additional 48,637 shares during the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on BA. TD Cowen reduced their price objective on Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a research note on Monday, October 14th. UBS Group raised their price objective on shares of Boeing from $208.00 to $217.00 and gave the stock a “buy” rating in a research note on Wednesday. Susquehanna boosted their target price on shares of Boeing from $200.00 to $205.00 and gave the company a “positive” rating in a research note on Wednesday. Sanford C. Bernstein lowered shares of Boeing from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $195.00 to $169.00 in a research report on Wednesday, October 30th. Finally, Citigroup decreased their price objective on shares of Boeing from $209.00 to $207.00 and set a “buy” rating for the company in a research report on Friday, January 24th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Boeing presently has a consensus rating of “Moderate Buy” and an average price target of $195.00.

Boeing Trading Up 3.3 %

Shares of NYSE:BA opened at $179.47 on Friday. The Boeing Company has a 1-year low of $137.03 and a 1-year high of $214.63. The firm has a fifty day moving average price of $168.24 and a 200 day moving average price of $164.26.

Boeing (NYSE:BA) last announced its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same quarter in the prior year, the firm posted ($0.47) earnings per share. On average, research analysts forecast that The Boeing Company will post -1.61 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.