Chevy Chase Trust Holdings LLC Grows Stake in The Boeing Company (NYSE:BA)

Chevy Chase Trust Holdings LLC boosted its position in The Boeing Company (NYSE:BA) by 24.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 393,117 shares of the aircraft producer’s stock after purchasing an additional 77,989 shares during the period. Chevy Chase Trust Holdings LLC owned about 0.06% of Boeing worth $69,582,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Asset Planning Inc purchased a new position in Boeing in the 4th quarter valued at approximately $208,000. White Pine Capital LLC increased its stake in Boeing by 32.2% in the 4th quarter. White Pine Capital LLC now owns 9,513 shares of the aircraft producer’s stock valued at $1,684,000 after purchasing an additional 2,315 shares in the last quarter. DT Investment Partners LLC increased its stake in Boeing by 6.1% in the 4th quarter. DT Investment Partners LLC now owns 1,225 shares of the aircraft producer’s stock valued at $217,000 after purchasing an additional 70 shares in the last quarter. Littlejohn Financial Services Inc. purchased a new position in Boeing in the 4th quarter valued at approximately $282,000. Finally, Palacios Wealth Management LLC purchased a new position in Boeing in the 4th quarter valued at approximately $237,000. 64.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BA has been the subject of several recent research reports. JPMorgan Chase & Co. raised their price target on Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Susquehanna raised their price target on Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a research report on Wednesday, January 29th. Barclays raised Boeing from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $190.00 to $210.00 in a research report on Monday, January 6th. Morgan Stanley dropped their price target on Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a research report on Thursday, October 24th. Finally, Citigroup raised their price target on Boeing from $207.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $195.16.

Boeing Trading Down 0.3 %

Shares of Boeing stock opened at $185.75 on Friday. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $208.10. The stock has a market capitalization of $139.33 billion, a P/E ratio of -10.14 and a beta of 1.52. The business’s fifty day moving average price is $173.77 and its 200 day moving average price is $164.10.

Boeing (NYSE:BA) last issued its 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 quarter in the previous year, the business posted ($0.47) earnings per share. As a group, sell-side analysts predict that The Boeing Company will post -2.3 EPS for the current 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.