Heritage Investors Management Corp Buys 4,072 Shares of The Boeing Company (NYSE:BA)

Heritage Investors Management Corp raised its stake in shares of The Boeing Company (NYSE:BA) by 3.7% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 114,138 shares of the aircraft producer’s stock after purchasing an additional 4,072 shares during the period. Heritage Investors Management Corp’s holdings in Boeing were worth $17,354,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. Lazari Capital Management Inc. increased its position in shares of Boeing by 55.7% during the second quarter. Lazari Capital Management Inc. now owns 23,216 shares of the aircraft producer’s stock worth $4,226,000 after acquiring an additional 8,309 shares during the period. Czech National Bank lifted its stake in shares of Boeing by 8.4% during the third quarter. Czech National Bank now owns 119,243 shares of the aircraft producer’s stock worth $18,130,000 after buying an additional 9,281 shares during the period. BSN CAPITAL PARTNERS Ltd acquired a new stake in shares of Boeing during the third quarter worth $11,237,000. Sanctuary Advisors LLC acquired a new stake in shares of Boeing during the second quarter worth $21,405,000. Finally, Van ECK Associates Corp lifted its stake in shares of Boeing by 122.0% during the third quarter. Van ECK Associates Corp now owns 2,277,548 shares of the aircraft producer’s stock worth $357,712,000 after buying an additional 1,251,456 shares during the period. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BA has been the subject of a number of recent analyst reports. UBS Group cut their price objective on shares of Boeing from $215.00 to $195.00 and set a “buy” rating for the company in a report on Thursday, October 24th. Robert W. Baird cut their price objective on shares of Boeing from $240.00 to $200.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Boeing from $225.00 to $195.00 and set a “buy” rating for the company in a report on Thursday, October 3rd. Stifel Nicolaus lifted their price objective on shares of Boeing from $230.00 to $235.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Finally, Susquehanna cut their price objective on shares of Boeing from $210.00 to $200.00 and set a “positive” rating for the company in a report on Thursday, October 24th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Boeing presently has a consensus rating of “Hold” and a consensus price target of $190.37.

Boeing Trading Down 0.7 %

BA traded down $1.09 during trading hours on Tuesday, hitting $153.98. 4,333,557 shares of the company’s stock were exchanged, compared to its average volume of 8,802,250. The Boeing Company has a 12-month low of $146.02 and a 12-month high of $267.54. The firm has a 50 day moving average of $157.09 and a 200 day moving average of $170.90. The firm has a market cap of $95.19 billion, a P/E ratio of -12.00 and a beta of 1.57.

Boeing (NYSE:BA) last issued its earnings results 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 firm had revenue of $17.84 billion for the quarter, compared to analyst estimates of $17.81 billion. During the same period last year, the firm posted ($3.26) EPS. The company’s quarterly revenue was down 1.5% on a year-over-year basis. As a group, research analysts expect that The Boeing Company will post -16.13 EPS 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.