Flagship Harbor Advisors LLC Has $784,000 Holdings in The Boeing Company (NYSE:BA)

Flagship Harbor Advisors LLC trimmed its position in shares of The Boeing Company (NYSE:BA) by 33.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,428 shares of the aircraft producer’s stock after selling 2,233 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in Boeing were worth $784,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. State Street Corp grew its position in Boeing by 2.3% in the third quarter. State Street Corp now owns 27,778,195 shares of the aircraft producer’s stock worth $4,223,397,000 after acquiring an additional 636,594 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Boeing by 2.8% in 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 purchasing an additional 320,415 shares in the last quarter. Jennison Associates LLC increased its position in Boeing by 9.9% during the third 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 raised its holdings in Boeing by 6.0% during the third quarter. Fisher Asset Management LLC now owns 4,866,857 shares of the aircraft producer’s stock valued at $739,957,000 after buying an additional 277,350 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Boeing by 1.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,196,648 shares of the aircraft producer’s stock worth $486,018,000 after buying an additional 48,637 shares during the last quarter. Institutional investors own 64.82% of the company’s stock.

Boeing Stock Down 0.6 %

NYSE BA opened at $175.09 on Tuesday. The stock has a market cap of $108.24 billion, a P/E ratio of -13.57 and a beta of 1.52. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $214.63. The company’s 50-day simple moving average is $166.42 and its 200 day simple moving average is $164.29.

Analyst Upgrades and Downgrades

BA has been the topic of a number of analyst reports. Barclays raised Boeing from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $190.00 to $210.00 in a report on Monday, January 6th. Citigroup dropped their price target on shares of Boeing from $209.00 to $207.00 and set a “buy” rating on the stock in a research report on Friday. UBS Group decreased 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. JPMorgan Chase & Co. dropped their target price on shares of Boeing from $195.00 to $190.00 and set an “overweight” rating on the stock in a report on Monday, November 25th. Finally, Robert W. Baird dropped their price objective on Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $192.11.

Boeing 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.