State Street Corp Has $4.22 Billion Stake in The Boeing Company (NYSE:BA)

State Street Corp lifted its stake in shares of The Boeing Company (NYSE:BA) by 2.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 27,778,195 shares of the aircraft producer’s stock after buying an additional 636,594 shares during the quarter. State Street Corp owned about 4.49% of Boeing worth $4,223,397,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also bought and sold shares of BA. RPg Family Wealth Advisory LLC acquired a new stake in Boeing in the 3rd quarter valued at $28,000. Cedar Wealth Management LLC bought a new stake in shares of Boeing during the 3rd quarter worth $30,000. Kiely Wealth Advisory Group Inc. bought a new stake in Boeing in the 2nd quarter valued at about $33,000. Hobbs Group Advisors LLC bought a new stake in Boeing in the 2nd quarter valued at about $34,000. Finally, Harel Insurance Investments & Financial Services Ltd. raised its stake in Boeing by 351.1% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 212 shares of the aircraft producer’s stock valued at $39,000 after acquiring an additional 165 shares during the period. Institutional investors and hedge funds own 64.82% of the company’s stock.

Wall Street Analyst Weigh In

BA has been the topic of several analyst reports. Sanford C. Bernstein cut Boeing from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $195.00 to $169.00 in a research report on Wednesday, October 30th. UBS Group decreased their price target on Boeing from $215.00 to $195.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. Benchmark reiterated a “buy” rating and set a $250.00 price target on shares of Boeing in a research report on Thursday, October 24th. JPMorgan Chase & Co. decreased their price target on Boeing from $195.00 to $190.00 and set an “overweight” rating on the stock in a research report on Monday, November 25th. Finally, Citigroup decreased their price target on Boeing from $224.00 to $209.00 and set a “buy” rating on the stock in a research report on Tuesday, October 15th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $190.11.

Boeing Trading Up 2.1 %

BA opened at $158.22 on Thursday. The Boeing Company has a 12-month low of $137.03 and a 12-month high of $267.54. The stock has a fifty day simple moving average of $151.59 and a two-hundred day simple moving average of $166.89.

Boeing (NYSE:BA) last released its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The firm had revenue of $17.84 billion during the quarter, compared to analysts’ expectations of $17.81 billion. During the same quarter in the prior year, the company posted ($3.26) earnings per share. The company’s revenue was down 1.5% on a year-over-year basis. Research analysts forecast that The Boeing Company will post -16.18 earnings per share for the current fiscal year.

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.