Pinnacle Financial Partners Inc Has $1.01 Million Stake in The Boeing Company (NYSE:BA)

Pinnacle Financial Partners Inc decreased its position in The Boeing Company (NYSE:BAFree Report) by 4.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,881 shares of the aircraft producer’s stock after selling 161 shares during the quarter. Pinnacle Financial Partners Inc’s holdings in Boeing were worth $1,012,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Moneta Group Investment Advisors LLC grew its position in 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 worth $3,058,456,000 after buying an additional 16,041,103 shares in the last quarter. Barclays PLC grew its position in Boeing by 599.0% during the second quarter. Barclays PLC now owns 1,522,410 shares of the aircraft producer’s stock worth $321,475,000 after buying an additional 1,827,485 shares in the last quarter. Lazard Asset Management LLC grew its position in Boeing by 8,961.2% during the third quarter. Lazard Asset Management LLC now owns 1,161,461 shares of the aircraft producer’s stock worth $222,628,000 after buying an additional 1,148,643 shares in the last quarter. Morgan Stanley grew its position in Boeing by 11.7% during the fourth quarter. Morgan Stanley now owns 8,321,871 shares of the aircraft producer’s stock worth $1,585,234,000 after buying an additional 872,795 shares in the last quarter. Finally, Invesco Ltd. grew its position in Boeing by 30.1% during the third quarter. Invesco Ltd. now owns 3,279,421 shares of the aircraft producer’s stock worth $628,599,000 after buying an additional 759,267 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Stock Down 0.7 %

Shares of NYSE:BA opened at $188.17 on Wednesday. The firm has a market cap of $114.81 billion, a P/E ratio of -51.16, a P/E/G ratio of 48.46 and a beta of 1.52. The Boeing Company has a 12-month low of $176.25 and a 12-month high of $267.54. The business has a fifty day simple moving average of $199.27 and a 200 day simple moving average of $209.46.

Boeing (NYSE:BAGet Free Report) last posted its quarterly earnings data on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share for the quarter, topping the consensus estimate of ($0.72) by $0.25. The business had revenue of $22.02 billion during the quarter, compared to the consensus estimate of $21.14 billion. During the same period last year, the business posted ($1.75) earnings per share. The business’s revenue was up 10.2% on a year-over-year basis. As a group, equities research analysts expect that The Boeing Company will post 1 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. TD Cowen reduced their price target on Boeing from $275.00 to $230.00 and set an “outperform” rating on the stock in a research report on Monday, March 25th. Melius reaffirmed a “hold” rating on shares of Boeing in a report on Monday. Citigroup reduced their target price on Boeing from $263.00 to $252.00 and set a “buy” rating on the stock in a report on Thursday, March 28th. Susquehanna reduced their target price on Boeing from $265.00 to $230.00 and set a “positive” rating on the stock in a report on Thursday, March 21st. Finally, Wells Fargo & Company reduced their target price on Boeing from $225.00 to $215.00 and set an “equal weight” rating on the stock in a report on Thursday, February 1st. Nine analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $241.53.

Get Our Latest Analysis on Boeing

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

Read More

Want to see what other hedge funds are holding BA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Boeing Company (NYSE:BAFree Report).

Institutional Ownership by Quarter for Boeing (NYSE:BA)

Receive News & Ratings for Boeing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boeing and related companies with MarketBeat.com's FREE daily email newsletter.