Concurrent Investment Advisors LLC Has $4.01 Million Stock Holdings in The Boeing Company (NYSE:BA)

Concurrent Investment Advisors LLC boosted its position in The Boeing Company (NYSE:BA) by 9.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 22,666 shares of the aircraft producer’s stock after purchasing an additional 2,000 shares during the period. Concurrent Investment Advisors LLC’s holdings in Boeing were worth $4,012,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp boosted its position in Boeing by 2.3% during the third quarter. State Street Corp now owns 27,778,195 shares of the aircraft producer’s stock worth $4,223,397,000 after purchasing an additional 636,594 shares during the period. Geode Capital Management LLC lifted its stake in shares of Boeing by 2.8% during the 3rd 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 during the last quarter. Jennison Associates LLC lifted its stake in shares of Boeing by 9.9% during the 3rd quarter. Jennison Associates LLC now owns 6,700,706 shares of the aircraft producer’s stock worth $1,018,775,000 after buying 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 worth $739,957,000 after buying an additional 277,350 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in Boeing by 1.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,196,648 shares of the aircraft producer’s stock valued at $486,018,000 after buying an additional 48,637 shares during the last quarter. Institutional investors own 64.82% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on BA shares. Morgan Stanley cut their price objective on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a research report on Thursday, October 24th. Susquehanna increased their target price on Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a research note on Wednesday, January 29th. Royal Bank of Canada restated an “outperform” rating and issued a $200.00 price target on shares of Boeing in a research note on Wednesday, January 29th. Citigroup increased their price objective on Boeing from $207.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, January 2nd. 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 given a strong buy rating to the company. According to MarketBeat, Boeing presently has an average rating of “Moderate Buy” and an average target price of $195.16.

Boeing Stock Performance

Shares of BA stock opened at $180.77 on Friday. The Boeing Company has a fifty-two week low of $137.03 and a fifty-two week high of $208.10. The company has a market cap of $135.59 billion, a PE ratio of -9.87 and a beta of 1.52. The stock’s fifty day moving average price is $176.58 and its two-hundred day moving average price is $164.32.

Boeing (NYSE:BA) last released its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same quarter in the previous year, the company posted ($0.47) earnings per share. On average, equities analysts predict that The Boeing Company will post -2.32 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.