Chicago Partners Investment Group LLC Sells 273 Shares of The Boeing Company (NYSE:BA)

Chicago Partners Investment Group LLC cut its holdings in shares of The Boeing Company (NYSE:BA) by 2.3% in the 4th quarter, Holdings Channel reports. The firm owned 11,711 shares of the aircraft producer’s stock after selling 273 shares during the period. Chicago Partners Investment Group LLC’s holdings in Boeing were worth $2,011,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. State Street Corp lifted its stake in Boeing by 2.3% in the 3rd quarter. State Street Corp now owns 27,778,195 shares of the aircraft producer’s stock valued at $4,223,397,000 after purchasing an additional 636,594 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Boeing by 2.8% during the third quarter. Geode Capital Management LLC now owns 11,719,794 shares of the aircraft producer’s stock worth $1,774,705,000 after buying an additional 320,415 shares in the last quarter. Jennison Associates LLC lifted its stake in shares of Boeing by 9.9% in the 3rd 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 last quarter. Fisher Asset Management LLC boosted its holdings in shares of Boeing by 6.0% during the 3rd quarter. Fisher Asset Management LLC now owns 4,866,857 shares of the aircraft producer’s stock valued at $739,957,000 after acquiring an additional 277,350 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Boeing by 1.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,196,648 shares of the aircraft producer’s stock worth $486,018,000 after acquiring an additional 48,637 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Trading Down 1.8 %

BA opened at $176.26 on Friday. The company has a fifty day moving average price of $169.50 and a two-hundred day moving average price of $164.35. The Boeing Company has a 1-year low of $137.03 and a 1-year high of $214.63. The company has a market cap of $108.96 billion, a P/E ratio of -9.62 and a beta of 1.52.

Boeing (NYSE:BA) last posted its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same period last year, the business earned ($0.47) earnings per share. On average, research analysts forecast that The Boeing Company will post -1.61 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Wells Fargo & Company lifted their price target on Boeing from $85.00 to $103.00 and gave the company an “underweight” rating in a research note on Wednesday. Northcoast Research upgraded shares of Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $200.00 price target on shares of Boeing in a research note on Wednesday. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, January 2nd. Finally, Barclays raised Boeing from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $190.00 to $210.00 in a report on Monday, January 6th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Boeing currently has an average rating of “Moderate Buy” and an average target price of $195.00.

Boeing Company 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.