HB Wealth Management LLC Has $2.39 Million Holdings in The Boeing Company (NYSE:BA)

HB Wealth Management LLC lifted its position in shares of The Boeing Company (NYSE:BA - Free Report) by 39.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,507 shares of the aircraft producer's stock after acquiring an additional 3,799 shares during the quarter. HB Wealth Management LLC's holdings in Boeing were worth $2,390,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. State Street Corp grew its position 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 buying an additional 636,594 shares during the period. Geode Capital Management LLC boosted its holdings in Boeing by 2.8% during the third quarter. Geode Capital Management LLC now owns 11,719,794 shares of the aircraft producer's stock worth $1,774,705,000 after buying an additional 320,415 shares during the last quarter. Jennison Associates LLC increased its stake 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 grew its holdings in Boeing by 6.0% during the third quarter. Fisher Asset Management LLC now owns 4,866,857 shares of the aircraft producer's stock valued at $739,957,000 after purchasing an additional 277,350 shares during the period. Finally, Legal & General Group Plc increased its holdings in shares of Boeing by 2.0% in the second quarter. Legal & General Group Plc now owns 3,432,485 shares of the aircraft producer's stock worth $624,749,000 after acquiring an additional 67,474 shares in the last quarter. Institutional investors own 64.82% of the company's stock.

Analysts Set New Price Targets

BA has been the subject of a number of research reports. Sanford C. Bernstein downgraded Boeing from an "outperform" rating to a "market perform" rating and decreased their price objective for the stock from $195.00 to $169.00 in a report on Wednesday, October 30th. DZ Bank downgraded shares of Boeing from a "buy" rating to a "hold" rating and set a $152.00 price objective for the company. in a research note on Tuesday, October 15th. Robert W. Baird lowered their price target on Boeing from $240.00 to $200.00 and set an "outperform" rating on the stock in a research report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Boeing from $184.00 to $215.00 and gave the stock a "buy" rating in a report on Thursday, January 2nd. Finally, UBS Group dropped their target price on shares of Boeing from $215.00 to $195.00 and set a "buy" rating on the stock in a report on Thursday, October 24th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $192.21.

Boeing Price Performance

BA stock traded up $2.21 during midday trading on Monday, reaching $171.14. 9,537,359 shares of the stock were exchanged, compared to its average volume of 9,471,018. The stock has a market capitalization of $105.80 billion, a PE ratio of -13.27 and a beta of 1.52. The Boeing Company has a 52 week low of $137.03 and a 52 week high of $217.59. The company has a fifty day moving average price of $163.15 and a 200 day moving average price of $164.61.

Boeing (NYSE:BA - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The company had revenue of $17.84 billion for the quarter, compared to analyst estimates of $17.81 billion. Boeing's revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($3.26) EPS. As a group, analysts anticipate that The Boeing Company will post -16.43 earnings per share for the current fiscal year.

Boeing 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.