Institute for Wealth Management LLC. Has $3.38 Million Holdings in The Boeing Company (NYSE:BA)

Institute for Wealth Management LLC. raised its holdings in The Boeing Company (NYSE:BA - Free Report) by 14.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 19,077 shares of the aircraft producer's stock after buying an additional 2,351 shares during the period. Institute for Wealth Management LLC.'s holdings in Boeing were worth $3,377,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Van ECK Associates Corp increased its stake in shares of Boeing by 122.0% during the 3rd quarter. Van ECK Associates Corp now owns 2,277,548 shares of the aircraft producer's stock worth $357,712,000 after purchasing an additional 1,251,456 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in shares of 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 worth $2,558,790,000 after buying an additional 1,251,165 shares during the period. Franklin Resources Inc. boosted its holdings in shares of Boeing by 1,296.3% during the 3rd quarter. Franklin Resources Inc. now owns 1,136,895 shares of the aircraft producer's stock worth $169,386,000 after buying an additional 1,055,472 shares during the period. State Street Corp boosted its holdings 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. Finally, Jennison Associates LLC boosted its holdings in shares of Boeing by 9.9% during 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 during the period. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Boeing Price Performance

BA stock traded down $3.20 during trading on Friday, reaching $176.33. 4,324,111 shares of the company were exchanged, compared to its average volume of 8,652,860. The company has a 50-day moving average of $168.96 and a two-hundred day moving average of $164.37. The company has a market capitalization of $109.00 billion, a price-to-earnings ratio of -9.62 and a beta of 1.52. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $214.63.

Boeing (NYSE:BA - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($1.60) by ($4.30). During the same period last year, the business posted ($0.47) EPS. On average, analysts forecast that The Boeing Company will post -1.61 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on BA. Barclays raised shares of Boeing from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $190.00 to $210.00 in a report on Monday, January 6th. Susquehanna boosted their price objective on shares of Boeing from $200.00 to $205.00 and gave the company a "positive" rating in a report on Wednesday. Morgan Stanley cut their price objective on shares of Boeing from $195.00 to $170.00 and set an "equal weight" rating for the company in a report on Thursday, October 24th. Wells Fargo & Company boosted their price objective on shares of Boeing from $85.00 to $103.00 and gave the company an "underweight" rating in a report on Wednesday. Finally, Northcoast Research raised shares of Boeing from a "sell" rating to a "neutral" rating in a report on Thursday, December 12th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Boeing currently has a consensus rating of "Moderate Buy" and an average target price of $195.00.

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.