The Boeing Company (NYSE:BA) Shares Acquired by Diamant Asset Management Inc.

Diamant Asset Management Inc. increased its stake in shares of The Boeing Company (NYSE:BA) by 7.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,375 shares of the aircraft producer’s stock after buying an additional 300 shares during the quarter. Diamant Asset Management Inc.’s holdings in Boeing were worth $774,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in BA. Sugar Maple Asset Management LLC purchased a new position in Boeing during the fourth quarter worth about $27,000. RPg Family Wealth Advisory LLC purchased a new position in Boeing in the third quarter worth approximately $28,000. Cedar Wealth Management LLC acquired a new stake in Boeing during the third quarter worth $30,000. Albion Financial Group UT raised its position in Boeing by 116.1% in the fourth quarter. Albion Financial Group UT now owns 296 shares of the aircraft producer’s stock valued at $52,000 after purchasing an additional 159 shares during the period. Finally, Planning Capital Management Corp grew its holdings in shares of Boeing by 741.0% during the 3rd quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer’s stock worth $50,000 after purchasing an additional 289 shares during the period. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Boeing Trading Down 0.6 %

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

Analyst Ratings Changes

A number of research analysts have commented on the stock. Morgan Stanley decreased their target price on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 24th. UBS Group dropped their target price 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. TD Cowen decreased their price target on Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Robert W. Baird dropped their price objective on Boeing from $240.00 to $200.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Finally, DZ Bank lowered Boeing from a “buy” rating to a “hold” rating and set a $152.00 target price on the stock. in a research note on Tuesday, October 15th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Boeing has a consensus rating of “Moderate Buy” and an average price target of $192.11.

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.