Aljian Capital Management LLC Acquires Shares of 1,685 The Boeing Company (NYSE:BA)

Aljian Capital Management LLC acquired a new position in shares of The Boeing Company (NYSE:BA) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 1,685 shares of the aircraft producer’s stock, valued at approximately $256,000.

Other institutional investors also recently made changes to their positions in the company. Van ECK Associates Corp increased its stake in shares of Boeing by 122.0% in the third quarter. Van ECK Associates Corp now owns 2,277,548 shares of the aircraft producer’s stock worth $357,712,000 after buying an additional 1,251,456 shares during the last quarter. International Assets Investment Management LLC increased its position in shares of Boeing by 289.8% in the 3rd quarter. International Assets Investment Management LLC now owns 1,682,970 shares of the aircraft producer’s stock worth $2,558,790,000 after purchasing an additional 1,251,165 shares during the last quarter. Wulff Hansen & CO. raised its stake in shares of Boeing by 15,039.0% in the 2nd quarter. Wulff Hansen & CO. now owns 967,383 shares of the aircraft producer’s stock valued at $176,073,000 after purchasing an additional 960,993 shares in the last quarter. Newport Trust Company LLC lifted its position in shares of Boeing by 1.2% during the second quarter. Newport Trust Company LLC now owns 31,640,184 shares of the aircraft producer’s stock worth $5,758,830,000 after purchasing an additional 388,633 shares during the last quarter. Finally, Canada Pension Plan Investment Board grew its stake in Boeing by 79.0% in the first quarter. Canada Pension Plan Investment Board now owns 726,254 shares of the aircraft producer’s stock worth $140,160,000 after purchasing an additional 320,502 shares in the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BA has been the topic of a number of research analyst reports. JPMorgan Chase & Co. reduced their target price on Boeing from $235.00 to $195.00 and set an “overweight” rating on the stock in a report on Monday, October 14th. Benchmark restated a “buy” rating and set a $250.00 price objective on shares of Boeing in a research note on Thursday, October 24th. DZ Bank lowered shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 target price for the company. in a research note on Tuesday, October 15th. The Goldman Sachs Group reduced their price target on shares of Boeing from $232.00 to $202.00 and set a “buy” rating on the stock in a research report on Tuesday, September 24th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $200.00 price objective on shares of Boeing in a research report on Wednesday, October 30th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $190.37.

Boeing Trading Up 1.5 %

Shares of NYSE:BA opened at $140.19 on Monday. The company has a 50 day moving average of $153.20 and a 200-day moving average of $169.44. The firm has a market cap of $86.67 billion, a P/E ratio of -10.87 and a beta of 1.57. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $267.54.

Boeing (NYSE:BA) last released its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The business had revenue of $17.84 billion during the quarter, compared to analysts’ expectations of $17.81 billion. During the same period last year, the business earned ($3.26) EPS. Boeing’s revenue for the quarter was down 1.5% compared to the same quarter last year. Equities research analysts forecast that The Boeing Company will post -16.2 EPS for the current 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.