First Hawaiian Bank Raises Holdings in The Boeing Company (NYSE:BA)

First Hawaiian Bank grew its position in The Boeing Company (NYSE:BA - Free Report) by 226.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,337 shares of the aircraft producer's stock after purchasing an additional 6,478 shares during the quarter. First Hawaiian Bank's holdings in Boeing were worth $1,653,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of BA. Van ECK Associates Corp lifted its holdings in shares of Boeing by 122.0% in the 3rd quarter. Van ECK Associates Corp now owns 2,277,548 shares of the aircraft producer's stock valued at $357,712,000 after purchasing an additional 1,251,456 shares during the last quarter. International Assets Investment Management LLC lifted its stake in Boeing by 289.8% in the third quarter. International Assets Investment Management LLC now owns 1,682,970 shares of the aircraft producer's stock valued at $2,558,790,000 after buying an additional 1,251,165 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of Boeing by 1,296.3% in the third quarter. Franklin Resources Inc. now owns 1,136,895 shares of the aircraft producer's stock valued at $169,386,000 after acquiring an additional 1,055,472 shares during the period. Wulff Hansen & CO. raised its position in Boeing by 15,039.0% in the 2nd quarter. Wulff Hansen & CO. now owns 967,383 shares of the aircraft producer's stock valued at $176,073,000 after purchasing an additional 960,993 shares during the last quarter. Finally, State Street Corp boosted its stake 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 buying an additional 636,594 shares during the period. 64.82% of the stock is owned by hedge funds and other institutional investors.

Boeing Stock Up 0.2 %

Shares of BA traded up $0.32 during mid-day trading on Friday, reaching $172.08. 7,503,829 shares of the company's stock were exchanged, compared to its average volume of 8,958,570. The Boeing Company has a 52-week low of $137.03 and a 52-week high of $228.28. The company has a 50-day simple moving average of $161.04 and a two-hundred day simple moving average of $165.37. The company has a market cap of $106.38 billion, a price-to-earnings ratio of -13.34 and a beta of 1.52.

Boeing (NYSE:BA - Get Free Report) 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 firm had revenue of $17.84 billion during the quarter, compared to the consensus estimate of $17.81 billion. The firm's revenue was down 1.5% on a year-over-year basis. During the same period last year, the business posted ($3.26) earnings per share. As a group, equities research analysts predict that The Boeing Company will post -16.18 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on BA. Susquehanna decreased 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. TD Cowen lowered their price objective on shares of Boeing from $200.00 to $190.00 and set a "buy" rating on the stock in a research report on Monday, October 14th. UBS Group cut their price objective on shares of Boeing from $215.00 to $195.00 and set a "buy" rating for the company in a research report on Thursday, October 24th. Citigroup lowered their target price on shares of Boeing from $224.00 to $209.00 and set a "buy" rating on the stock in a report on Tuesday, October 15th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Boeing from $184.00 to $215.00 and gave the stock a "buy" rating in a report on Thursday, January 2nd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $192.21.

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.