The Boeing Company (NYSE:BA) Shares Bought by Keene & Associates Inc.

by · The Cerbat Gem

Keene & Associates Inc. raised its stake in The Boeing Company (NYSE:BA – Free Report) by 6.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,859 shares of the aircraft producer’s stock after acquiring an additional 120 shares during the period. Keene & Associates Inc.’s holdings in Boeing were worth $356,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. BlackRock Inc. boosted its stake in Boeing by 2.4% in the second quarter. BlackRock Inc. now owns 36,819,108 shares of the aircraft producer’s stock valued at $7,774,723,000 after acquiring an additional 868,582 shares during the period. State Street Corp boosted its stake in Boeing by 1.5% in the second quarter. State Street Corp now owns 26,416,857 shares of the aircraft producer’s stock valued at $5,578,184,000 after acquiring an additional 392,811 shares during the period. Capital World Investors raised its holdings in shares of Boeing by 4.9% during the second quarter. Capital World Investors now owns 18,306,455 shares of the aircraft producer’s stock valued at $3,865,614,000 after buying an additional 863,026 shares during the last quarter. Moneta Group Investment Advisors LLC raised its holdings in shares of Boeing by 109,667.8% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 16,055,730 shares of the aircraft producer’s stock valued at $3,058,456,000 after buying an additional 16,041,103 shares during the last quarter. Finally, Capital Research Global Investors raised its holdings in shares of Boeing by 1.7% during the second quarter. Capital Research Global Investors now owns 11,115,353 shares of the aircraft producer’s stock valued at $2,347,119,000 after buying an additional 185,383 shares during the last quarter. 61.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on BA. William Blair began coverage on Boeing in a report on Tuesday, December 12th. They set an “outperform” rating on the stock. StockNews.com initiated coverage on Boeing in a report on Thursday, October 5th. They set a “hold” rating on the stock. TD Cowen boosted their target price on Boeing from $255.00 to $260.00 and gave the stock an “outperform” rating in a report on Monday, August 28th. Northcoast Research upgraded shares of Boeing from a “neutral” rating to a “buy” rating and set a $217.00 price target on the stock in a research report on Tuesday, October 31st. Finally, Morgan Stanley decreased their price target on shares of Boeing from $235.00 to $220.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 26th. Four analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $258.12.

Check Out Our Latest Report on BA

Boeing Stock Performance

Boeing stock opened at $260.23 on Thursday. The company’s fifty day simple moving average is $212.18 and its 200-day simple moving average is $214.05. The Boeing Company has a 12 month low of $176.25 and a 12 month high of $266.13.

Boeing (NYSE:BA – Get Free Report) last posted its quarterly earnings results on Wednesday, October 25th. The aircraft producer reported ($3.26) EPS for the quarter, missing the consensus estimate of ($3.21) by ($0.05). The firm had revenue of $18.10 billion for the quarter, compared to analyst estimates of $18.01 billion. During the same quarter in the prior year, the company posted ($6.18) EPS. The firm’s quarterly revenue was up 13.5% compared to the same quarter last year. On average, analysts forecast that The Boeing Company will post -5.98 EPS for the current year.

Boeing Company Profile

(Free Report)

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 four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.

Further Reading

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