Aurora Private Wealth Inc. Invests $282,000 in The Boeing Company (NYSE:BA)

Aurora Private Wealth Inc. acquired a new position in The Boeing Company (NYSE:BA) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,595 shares of the aircraft producer’s stock, valued at approximately $282,000.

A number of other large investors have also recently bought and sold shares of the business. State Street Corp boosted its holdings 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 purchasing an additional 636,594 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Boeing by 2.8% during the third quarter. Geode Capital Management LLC now owns 11,719,794 shares of the aircraft producer’s stock valued at $1,774,705,000 after acquiring an additional 320,415 shares during the period. Jennison Associates LLC boosted its holdings 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. Fisher Asset Management LLC boosted 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 acquiring an additional 277,350 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Boeing by 1.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,196,648 shares of the aircraft producer’s stock valued at $486,018,000 after acquiring an additional 48,637 shares during the period. 64.82% of the stock is currently owned by institutional investors.

Boeing Trading Down 1.4 %

NYSE:BA opened at $175.95 on Monday. The firm has a 50 day moving average of $166.42 and a 200-day moving average of $164.29. The Boeing Company has a 1 year low of $137.03 and a 1 year high of $214.63. The stock has a market capitalization of $108.77 billion, a P/E ratio of -13.64 and a beta of 1.52.

Analyst Ratings Changes

BA has been the subject of several research reports. Morgan Stanley reduced their target price on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a research note on Thursday, October 24th. Susquehanna reduced their target price on shares of Boeing from $210.00 to $200.00 and set a “positive” rating for the company in a research note on Thursday, October 24th. UBS Group reduced their target price on shares of Boeing from $215.00 to $195.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 target price on shares of Boeing in a research note on Wednesday, October 30th. Finally, Wells Fargo & Company reduced their target price on shares of Boeing from $86.00 to $85.00 and set an “underweight” rating for the company in a research note on Monday, November 4th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $192.11.

Boeing Company 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.