Highland Capital Management LLC Has $8.98 Million Stock Holdings in The Boeing Company (NYSE:BA)

Highland Capital Management LLC lifted its holdings in shares of The Boeing Company (NYSE:BA - Free Report) by 142.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 50,711 shares of the aircraft producer's stock after buying an additional 29,778 shares during the period. Highland Capital Management LLC's holdings in Boeing were worth $8,976,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. AdvisorNet Financial Inc increased its holdings in shares of Boeing by 54.2% in 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 during the period. Carnegie Investment Counsel increased its stake in shares of Boeing by 175.6% in the fourth quarter. Carnegie Investment Counsel now owns 4,619 shares of the aircraft producer's stock valued at $818,000 after purchasing an additional 2,943 shares during the period. Rockefeller Capital Management L.P. boosted its position in shares of Boeing by 8.8% during the third quarter. Rockefeller Capital Management L.P. now owns 473,917 shares of the aircraft producer's stock worth $72,075,000 after buying an additional 38,300 shares during the period. Principal Financial Group Inc. boosted its position in shares of Boeing by 6.1% during the third quarter. Principal Financial Group Inc. now owns 666,244 shares of the aircraft producer's stock worth $101,296,000 after buying an additional 38,332 shares during the period. Finally, Jennison Associates LLC grew 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 worth $1,018,775,000 after buying an additional 602,143 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Robert W. Baird reduced their price target on Boeing from $240.00 to $200.00 and set an "outperform" rating for the company in a research report on Thursday, October 24th. Susquehanna increased their target price on shares of Boeing from $200.00 to $205.00 and gave the company a "positive" rating in a research report on Wednesday. UBS Group upped their price target on shares of Boeing from $208.00 to $217.00 and gave the stock a "buy" rating in a research note on Wednesday. Sanford C. Bernstein downgraded Boeing from an "outperform" rating to a "market perform" rating and cut their target price for the stock from $195.00 to $169.00 in a research report on Wednesday, October 30th. Finally, Northcoast Research upgraded Boeing from a "sell" rating to a "neutral" rating in a research report on Thursday, December 12th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $195.00.

Boeing Stock Performance

Shares of BA stock traded up $4.21 on Thursday, reaching $177.87. 4,281,119 shares of the company's stock traded hands, compared to its average volume of 8,744,766. The Boeing Company has a 12-month low of $137.03 and a 12-month high of $214.63. The business's 50 day moving average price is $168.24 and its two-hundred day moving average price is $164.26. The company has a market capitalization of $109.96 billion, a P/E ratio of -13.85 and a beta of 1.52.

Boeing (NYSE:BA - Get Free Report) last posted its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing analysts' consensus estimates of ($1.60) by ($4.30). During the same period last year, the business earned ($0.47) EPS. Research analysts predict that The Boeing Company will post -16.39 earnings per share for the current 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.