Ameritas Advisory Services LLC Has $5.30 Million Position in The Boeing Company (NYSE:BA)

Ameritas Advisory Services LLC increased its position in The Boeing Company (NYSE:BA - Free Report) by 68.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 29,961 shares of the aircraft producer's stock after purchasing an additional 12,171 shares during the period. Ameritas Advisory Services LLC's holdings in Boeing were worth $5,303,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the business. State Street Corp boosted its stake in shares of Boeing by 2.3% during the 3rd quarter. State Street Corp now owns 27,778,195 shares of the aircraft producer's stock worth $4,223,397,000 after acquiring an additional 636,594 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Boeing by 2.8% during the 3rd quarter. Geode Capital Management LLC now owns 11,719,794 shares of the aircraft producer's stock worth $1,774,705,000 after purchasing an additional 320,415 shares during the period. Jennison Associates LLC raised its holdings in 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 in the last quarter. Fisher Asset Management LLC raised its stake in shares of Boeing by 6.0% in the 3rd quarter. Fisher Asset Management LLC now owns 4,866,857 shares of the aircraft producer's stock valued at $739,957,000 after buying an additional 277,350 shares in the last quarter. Finally, Legal & General Group Plc raised its holdings in shares of Boeing by 2.0% in the 2nd quarter. Legal & General Group Plc now owns 3,432,485 shares of the aircraft producer's stock worth $624,749,000 after buying an additional 67,474 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have commented on BA shares. Deutsche Bank Aktiengesellschaft boosted 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. Susquehanna lowered their price objective on Boeing from $210.00 to $200.00 and set a "positive" rating for the company in a research report on Thursday, October 24th. Jefferies Financial Group cut their target price on shares of Boeing from $270.00 to $240.00 and set a "buy" rating on the stock in a research report on Monday, September 23rd. UBS Group dropped their price target on shares of Boeing from $215.00 to $195.00 and set a "buy" rating for the company in a research note on Thursday, October 24th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Boeing from $195.00 to $190.00 and set an "overweight" rating for the company in a report on Monday, November 25th. Two 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 assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $192.21.

Boeing Stock Performance

Boeing stock traded up $2.21 during midday trading on Friday, reaching $171.14. The stock had a trading volume of 9,537,359 shares, compared to its average volume of 9,471,018. The stock has a market capitalization of $105.80 billion, a P/E ratio of -13.27 and a beta of 1.52. The Boeing Company has a 1-year low of $137.03 and a 1-year high of $217.59. The firm's fifty day simple moving average is $163.15 and its 200-day simple moving average is $164.75.

Boeing (NYSE:BA - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The business had revenue of $17.84 billion for the quarter, compared to analysts' expectations of $17.81 billion. The company's revenue was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($3.26) EPS. On average, sell-side analysts anticipate that The Boeing Company will post -16.43 earnings per share for the current fiscal year.

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.