Entropy Technologies LP Purchases New Holdings in The Boeing Company (NYSE:BA)

Entropy Technologies LP purchased a new stake in The Boeing Company (NYSE:BA) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 15,713 shares of the aircraft producer’s stock, valued at approximately $2,781,000.

Other institutional investors have also recently added to or reduced their stakes in the company. AdvisorNet Financial Inc increased its position in Boeing by 54.2% in the 4th quarter. AdvisorNet Financial Inc now owns 2,021 shares of the aircraft producer’s stock valued at $358,000 after acquiring an additional 710 shares during the period. Rockefeller Capital Management L.P. increased its position in Boeing by 8.8% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 473,917 shares of the aircraft producer’s stock worth $72,075,000 after purchasing an additional 38,300 shares during the period. Carnegie Investment Counsel increased its position in 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 purchasing an additional 2,943 shares during the period. Principal Financial Group Inc. increased its position in Boeing by 6.1% during the 3rd quarter. Principal Financial Group Inc. now owns 666,244 shares of the aircraft producer’s stock worth $101,296,000 after purchasing an additional 38,332 shares during the period. Finally, Jennison Associates LLC increased its position in 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 period. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Trading Down 1.8 %

Shares of NYSE BA opened at $181.51 on Friday. The Boeing Company has a 12-month low of $137.03 and a 12-month high of $213.10. The company has a market cap of $136.14 billion, a P/E ratio of -9.91 and a beta of 1.52. The stock has a fifty day moving average price of $172.22 and a 200 day moving average price of $164.29.

Boeing (NYSE:BA) last announced its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same quarter in the previous year, the business posted ($0.47) earnings per share. On average, sell-side analysts forecast that The Boeing Company will post -2.3 EPS for the current fiscal year.

Wall Street Analyst Weigh In

BA has been the topic of several recent analyst reports. UBS Group boosted their target price on Boeing from $208.00 to $217.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. Robert W. Baird decreased their price target on Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Royal Bank of Canada reissued an “outperform” rating and set a $200.00 price target on shares of Boeing in a research note on Wednesday, January 29th. Sanford C. Bernstein lowered Boeing from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $195.00 to $169.00 in a research note on Wednesday, October 30th. Finally, JPMorgan Chase & Co. boosted their price target on Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Boeing presently 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.