Van Hulzen Asset Management LLC raised its stake in shares of The Boeing Company (NYSE:BA – Get Rating) by 39.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,003 shares of the aircraft producer’s stock after purchasing an additional 1,126 shares during the period. Van Hulzen Asset Management LLC’s holdings in Boeing were worth $767,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of BA. Equitable Holdings Inc. grew its stake in shares of Boeing by 75.8% in the 4th quarter. Equitable Holdings Inc. now owns 43,356 shares of the aircraft producer’s stock valued at $8,728,000 after buying an additional 18,700 shares during the period. Ingalls & Snyder LLC grew its stake in shares of Boeing by 4.4% in the 4th quarter. Ingalls & Snyder LLC now owns 3,559 shares of the aircraft producer’s stock valued at $716,000 after buying an additional 150 shares during the period. Advisor Resource Council grew its stake in shares of Boeing by 486.6% in the 4th quarter. Advisor Resource Council now owns 6,975 shares of the aircraft producer’s stock valued at $1,405,000 after buying an additional 5,786 shares during the period. Ensign Peak Advisors Inc grew its stake in shares of Boeing by 11.9% in the 4th quarter. Ensign Peak Advisors Inc now owns 1,329,920 shares of the aircraft producer’s stock valued at $267,739,000 after buying an additional 141,122 shares during the period. Finally, Members Advisory Group LLC acquired a new stake in shares of Boeing in the 4th quarter valued at about $720,000. 57.10% of the stock is currently owned by institutional investors and hedge funds.
Boeing Trading Up 1.3 %
NYSE:BA opened at $149.26 on Thursday. The stock has a market capitalization of $88.63 billion, a PE ratio of -16.68 and a beta of 1.35. The firm’s 50 day moving average is $158.16 and its 200 day moving average is $158.01. The Boeing Company has a 12 month low of $113.02 and a 12 month high of $233.94.
Analyst Upgrades and Downgrades
Several brokerages have recently commented on BA. StockNews.com upgraded Boeing from a “sell” rating to a “hold” rating in a research note on Friday, July 29th. JPMorgan Chase & Co. raised their target price on Boeing from $188.00 to $200.00 in a research note on Thursday, July 28th. Susquehanna Bancshares cut their price target on Boeing from $193.00 to $192.00 and set a “positive” rating for the company in a research note on Friday, May 20th. Morgan Stanley lifted their price target on Boeing from $215.00 to $233.00 and gave the company an “overweight” rating in a research note on Thursday, September 8th. Finally, Citigroup upgraded Boeing from a “neutral” rating to a “buy” rating and cut their price target for the company from $219.00 to $209.00 in a research note on Thursday, June 16th. Four research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $220.06.
The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.
- Get a free copy of the StockNews.com research report on Boeing (BA)
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