The Boeing Company (NYSE:BA) Shares Bought by Hartford Investment Management Co.

Hartford Investment Management Co. lifted its holdings in shares of The Boeing Company (NYSE:BA) by 25.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 46,197 shares of the aircraft producer’s stock after purchasing an additional 9,392 shares during the quarter. Hartford Investment Management Co.’s holdings in Boeing were worth $8,177,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. AdvisorNet Financial Inc raised its stake in Boeing by 54.2% during the fourth quarter. AdvisorNet Financial Inc now owns 2,021 shares of the aircraft producer’s stock worth $358,000 after purchasing an additional 710 shares during the period. Rockefeller Capital Management L.P. increased its holdings in shares of Boeing by 8.8% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 473,917 shares of the aircraft producer’s stock worth $72,075,000 after buying an additional 38,300 shares during the last quarter. Carnegie Investment Counsel raised its position in shares of Boeing by 175.6% in the 4th quarter. Carnegie Investment Counsel now owns 4,619 shares of the aircraft producer’s stock worth $818,000 after buying an additional 2,943 shares during the period. Principal Financial Group Inc. boosted its holdings in Boeing by 6.1% in the third quarter. Principal Financial Group Inc. now owns 666,244 shares of the aircraft producer’s stock valued at $101,296,000 after acquiring an additional 38,332 shares during the last quarter. Finally, Jennison Associates LLC grew 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 valued at $1,018,775,000 after acquiring an additional 602,143 shares during the period. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Stock Down 0.0 %

BA stock opened at $180.51 on Wednesday. The firm’s 50-day simple moving average is $172.70 and its 200 day simple moving average is $163.99. The stock has a market cap of $135.39 billion, a PE ratio of -9.85 and a beta of 1.52. The Boeing Company has a fifty-two week low of $137.03 and a fifty-two week high of $209.80.

Boeing (NYSE:BA) last issued its quarterly earnings data 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 period last year, the company earned ($0.47) earnings per share. Equities analysts forecast that The Boeing Company will post -2.3 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on BA shares. Wells Fargo & Company increased their price objective on shares of Boeing from $85.00 to $103.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 29th. Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 price target on shares of Boeing in a report on Wednesday, January 29th. DZ Bank lowered Boeing from a “buy” rating to a “hold” rating and set a $152.00 price objective on the stock. in a research report on Tuesday, October 15th. JPMorgan Chase & Co. upped their target price on Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Finally, UBS Group increased their target price on Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $195.16.

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.