Sanders Morris Harris LLC Has $4.22 Million Stock Position in The Boeing Company (NYSE:BA)

Sanders Morris Harris LLC lessened its stake in The Boeing Company (NYSE:BA - Free Report) by 9.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 23,375 shares of the aircraft producer's stock after selling 2,300 shares during the quarter. Boeing makes up approximately 0.6% of Sanders Morris Harris LLC's portfolio, making the stock its 26th biggest holding. Sanders Morris Harris LLC's holdings in Boeing were worth $4,215,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in BA. Van ECK Associates Corp raised its stake in shares of Boeing by 122.0% during the third quarter. Van ECK Associates Corp now owns 2,277,548 shares of the aircraft producer's stock worth $357,712,000 after acquiring an additional 1,251,456 shares in the last quarter. International Assets Investment Management LLC increased its holdings in Boeing by 289.8% during the 3rd 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 purchasing an additional 1,251,165 shares during the period. Franklin Resources Inc. raised its holdings in shares of Boeing by 1,296.3% during 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 in the last quarter. State Street Corp raised its holdings in Boeing by 2.3% in the 3rd 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 in the last quarter. Finally, Jennison Associates LLC lifted its holdings in Boeing by 9.9% in the third 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 during the period. 64.82% of the stock is owned by hedge funds and other institutional investors.

Boeing Stock Performance

BA stock opened at $167.55 on Thursday. The firm has a market cap of $103.58 billion, a PE ratio of -12.99 and a beta of 1.52. The Boeing Company has a one year low of $137.03 and a one year high of $217.59. The firm's 50 day moving average price is $162.02 and its 200-day moving average price is $164.97.

Boeing (NYSE:BA - Get Free Report) last announced its quarterly 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 firm had revenue of $17.84 billion during the quarter, compared to analyst estimates of $17.81 billion. The firm's revenue was down 1.5% on a year-over-year basis. During the same quarter in the previous year, the business posted ($3.26) earnings per share. Equities research analysts predict that The Boeing Company will post -16.43 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on BA shares. Wells Fargo & Company lowered their price target on Boeing from $86.00 to $85.00 and set an "underweight" rating on the stock in a report on Monday, November 4th. Citigroup lowered their price objective on Boeing from $224.00 to $209.00 and set a "buy" rating on the stock in a research report on Tuesday, October 15th. The Goldman Sachs Group dropped their price objective on Boeing from $232.00 to $202.00 and set a "buy" rating for the company in a research note on Tuesday, September 24th. Northcoast Research raised shares of Boeing from a "sell" rating to a "neutral" rating in a research note on Thursday, December 12th. Finally, DZ Bank cut shares of Boeing from a "buy" rating to a "hold" rating and set a $152.00 price objective for the company. in a research report on Tuesday, October 15th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $192.21.

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.

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