2,680 Shares in The Boeing Company (NYSE:BA) Bought by McHugh Group LLC

McHugh Group LLC purchased a new stake in The Boeing Company (NYSE:BA) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,680 shares of the aircraft producer’s stock, valued at approximately $474,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. AdvisorNet Financial Inc lifted its position in Boeing by 54.2% in the fourth quarter. AdvisorNet Financial Inc now owns 2,021 shares of the aircraft producer’s stock worth $358,000 after purchasing an additional 710 shares during the period. Rockefeller Capital Management L.P. raised its stake in shares of Boeing by 8.8% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 473,917 shares of the aircraft producer’s stock valued at $72,075,000 after buying an additional 38,300 shares in the last quarter. Carnegie Investment Counsel lifted its holdings in shares of Boeing by 175.6% during the 4th quarter. Carnegie Investment Counsel now owns 4,619 shares of the aircraft producer’s stock worth $818,000 after acquiring an additional 2,943 shares during the period. Principal Financial Group Inc. boosted its position in shares of Boeing by 6.1% during the 3rd quarter. Principal Financial Group Inc. now owns 666,244 shares of the aircraft producer’s stock valued at $101,296,000 after acquiring an additional 38,332 shares in the last quarter. Finally, Jennison Associates LLC increased its stake in Boeing by 9.9% in the third 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 period. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have commented on BA. DZ Bank cut shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 price target for the company. in a research note on Tuesday, October 15th. JPMorgan Chase & Co. raised their target price on Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Barclays upgraded Boeing from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $190.00 to $210.00 in a research report on Monday, January 6th. Robert W. Baird cut their price objective on Boeing from $240.00 to $200.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Finally, TD Cowen lowered their target price on shares of Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $195.00.

Boeing Stock Up 3.2 %

Shares of BA stock opened at $181.80 on Thursday. The stock has a 50-day moving average of $171.05 and a 200-day moving average of $164.12. The Boeing Company has a one year low of $137.03 and a one year high of $213.77.

Boeing (NYSE:BA) last issued its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same period last year, the business earned ($0.47) earnings per share. As a group, research analysts expect that The Boeing Company will post -2.12 EPS for the current 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.