The Boeing Company (NYSE:BA) Shares Bought by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC lifted its holdings in shares of The Boeing Company (NYSE:BA) by 24.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 393,117 shares of the aircraft producer’s stock after acquiring an additional 77,989 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in Boeing were worth $69,582,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Sugar Maple Asset Management LLC bought a new stake in Boeing in the fourth quarter valued at about $27,000. RPg Family Wealth Advisory LLC bought a new stake in Boeing in the third quarter valued at about $28,000. Fiduciary Advisors Inc. bought a new stake in Boeing in the fourth quarter valued at about $28,000. Cedar Wealth Management LLC bought a new stake in Boeing in the third quarter valued at about $30,000. Finally, Heck Capital Advisors LLC bought a new stake in Boeing in the fourth quarter valued at about $33,000. 64.82% of the stock is owned by hedge funds and other institutional investors.

Boeing Stock Performance

NYSE BA opened at $185.75 on Friday. The stock has a market capitalization of $139.33 billion, a P/E ratio of -10.14 and a beta of 1.52. The Boeing Company has a 1 year low of $137.03 and a 1 year high of $208.10. The business’s fifty day moving average is $173.77 and its two-hundred day moving average is $164.10.

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) EPS. On average, research analysts forecast that The Boeing Company will post -2.3 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on BA shares. Robert W. Baird lowered 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. Barclays raised Boeing from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $190.00 to $210.00 in a report on Monday, January 6th. Northcoast Research raised Boeing from a “sell” rating to a “neutral” rating in a report on Thursday, December 12th. Deutsche Bank Aktiengesellschaft upped their target price on Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, January 2nd. Finally, Benchmark reaffirmed a “buy” rating and set a $250.00 target price on shares of Boeing in a report on Thursday, October 24th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $195.16.

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.