The Boeing Company (NYSE:BA) Shares Bought by Hartford Investment Management Co.

Hartford Investment Management Co. boosted its holdings in shares of The Boeing Company (NYSE:BA) by 25.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 46,197 shares of the aircraft producer’s stock after purchasing an additional 9,392 shares during the period. Hartford Investment Management Co.’s holdings in Boeing were worth $8,177,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Gladstone Institutional Advisory LLC boosted its position in shares of Boeing by 52.1% in the 4th quarter. Gladstone Institutional Advisory LLC now owns 13,941 shares of the aircraft producer’s stock valued at $2,468,000 after purchasing an additional 4,774 shares during the period. Certuity LLC lifted its stake in Boeing by 2,118.9% during the fourth quarter. Certuity LLC now owns 33,505 shares of the aircraft producer’s stock valued at $5,930,000 after buying an additional 31,995 shares in the last quarter. Indiana Trust & Investment Management Co boosted its holdings in shares of Boeing by 19.9% in the fourth quarter. Indiana Trust & Investment Management Co now owns 1,205 shares of the aircraft producer’s stock worth $213,000 after buying an additional 200 shares during the period. Beacon Financial Group purchased a new position in shares of Boeing in the fourth quarter worth approximately $221,000. Finally, Louisiana State Employees Retirement System raised its holdings in shares of Boeing by 21.8% during the fourth quarter. Louisiana State Employees Retirement System now owns 40,200 shares of the aircraft producer’s stock valued at $7,115,000 after acquiring an additional 7,200 shares during the period. 64.82% of the stock is currently owned by institutional investors.

Boeing Price Performance

Boeing stock opened at $180.51 on Wednesday. The Boeing Company has a one year low of $137.03 and a one year high of $209.80. The company’s fifty day moving average price is $172.70 and its two-hundred day moving average price is $163.99. The company has a market capitalization of $135.39 billion, a price-to-earnings ratio of -9.85 and a beta of 1.52.

Boeing (NYSE:BA) last issued its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same quarter last year, the business earned ($0.47) earnings per share. As a group, sell-side analysts anticipate that The Boeing Company will post -2.3 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on BA shares. Benchmark reaffirmed a “buy” rating and issued a $250.00 price objective on shares of Boeing in a research note on Thursday, October 24th. Robert W. Baird decreased their target price on Boeing from $240.00 to $200.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Citigroup upped their price target on Boeing from $207.00 to $210.00 and gave the company a “buy” rating in a research report on Monday. Wells Fargo & Company raised their price objective on Boeing from $85.00 to $103.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 29th. Finally, Northcoast Research raised Boeing from a “sell” rating to a “neutral” rating in a research note on Thursday, December 12th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Boeing currently has an average rating of “Moderate Buy” and a consensus target price of $195.16.

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.