1,598 Shares in The Boeing Company (NYSE:BA) Purchased by Howe & Rusling Inc.

Howe & Rusling Inc. bought a new stake in The Boeing Company (NYSE:BA) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 1,598 shares of the aircraft producer’s stock, valued at approximately $243,000.

Other hedge funds have also made changes to their positions in the company. Kirtland Hills Capital Management LLC acquired a new stake in Boeing during the third quarter worth $280,000. Jennison Associates LLC increased its position 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 purchasing an additional 602,143 shares during the last quarter. Alpine Associates Management Inc. purchased a new stake in Boeing in the 3rd quarter valued at about $9,259,000. SouthState Corp lifted its position in Boeing by 3.6% in the third quarter. SouthState Corp now owns 2,481 shares of the aircraft producer’s stock valued at $377,000 after buying an additional 86 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC boosted its stake in Boeing by 33.3% during the third quarter. Fifth Third Wealth Advisors LLC now owns 2,485 shares of the aircraft producer’s stock worth $378,000 after buying an additional 621 shares during the period. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Analyst Ratings Changes

BA has been the topic of a number of research analyst reports. Benchmark reissued a “buy” rating and issued a $250.00 target price on shares of Boeing in a research report on Thursday, October 24th. Robert W. Baird decreased their target price on Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Deutsche Bank Aktiengesellschaft dropped their target price on Boeing from $225.00 to $195.00 and set a “buy” rating for the company in a research report on Thursday, October 3rd. JPMorgan Chase & Co. reduced their price target on shares of Boeing from $235.00 to $195.00 and set an “overweight” rating on the stock in a research report on Monday, October 14th. Finally, Jefferies Financial Group dropped their price objective on shares of Boeing from $270.00 to $240.00 and set a “buy” rating for the company in a report on Monday, September 23rd. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $190.37.

Boeing Trading Up 0.4 %

Shares of Boeing stock opened at $146.11 on Thursday. The company has a fifty day simple moving average of $152.22 and a 200-day simple moving average of $168.79. The stock has a market cap of $90.33 billion, a price-to-earnings ratio of -11.33 and a beta of 1.57. The Boeing Company has a 12-month low of $137.03 and a 12-month high of $267.54.

Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The business had revenue of $17.84 billion for the quarter, compared to the consensus estimate of $17.81 billion. During the same period in the previous year, the company earned ($3.26) EPS. Boeing’s quarterly revenue was down 1.5% compared to the same quarter last year. On average, analysts forecast that The Boeing Company will post -16.2 earnings per share for the current fiscal year.

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.