Graypoint LLC Has $462,000 Holdings in The Boeing Company (NYSE:BA)

Graypoint LLC boosted its holdings in shares of The Boeing Company (NYSE:BA) by 36.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,612 shares of the aircraft producer’s stock after buying an additional 696 shares during the quarter. Graypoint LLC’s holdings in Boeing were worth $462,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Newport Trust Company LLC increased its holdings in shares of Boeing by 1.2% during the 2nd quarter. Newport Trust Company LLC now owns 31,640,184 shares of the aircraft producer’s stock valued at $5,758,830,000 after acquiring an additional 388,633 shares during the last quarter. State Street Corp grew its holdings in Boeing by 2.3% during the third quarter. State Street Corp now owns 27,778,195 shares of the aircraft producer’s stock valued at $4,223,397,000 after purchasing an additional 636,594 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Boeing by 2.8% in 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 purchasing an additional 320,415 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of Boeing by 1.4% in the second quarter. Massachusetts Financial Services Co. MA now owns 7,619,126 shares of the aircraft producer’s stock worth $1,386,757,000 after buying an additional 106,513 shares during the last quarter. Finally, Jennison Associates LLC boosted its holdings in shares of Boeing by 9.9% during the 3rd quarter. Jennison Associates LLC now owns 6,700,706 shares of the aircraft producer’s stock worth $1,018,775,000 after buying an additional 602,143 shares during the period. 64.82% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

BA has been the subject of a number of research analyst reports. The Goldman Sachs Group cut their target price on shares of Boeing from $232.00 to $202.00 and set a “buy” rating for the company in a research report on Tuesday, September 24th. Morgan Stanley decreased their target price on Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a research note on Thursday, October 24th. Benchmark reaffirmed a “buy” rating and issued a $250.00 price target on shares of Boeing in a research report on Thursday, October 24th. UBS Group reduced their price objective on Boeing from $215.00 to $195.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, January 2nd. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Boeing presently has a consensus rating of “Moderate Buy” and a consensus target price of $192.21.

Boeing Price Performance

Shares of NYSE:BA opened at $172.08 on Friday. The stock has a market capitalization of $106.38 billion, a price-to-earnings ratio of -13.34 and a beta of 1.52. The business’s fifty day moving average price is $161.39 and its two-hundred day moving average price is $165.25. The Boeing Company has a fifty-two week low of $137.03 and a fifty-two week high of $228.28.

Boeing (NYSE:BA) last announced its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The company had revenue of $17.84 billion for the quarter, compared to analyst estimates of $17.81 billion. The firm’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period in the prior year, the business earned ($3.26) EPS. Research analysts expect that The Boeing Company will post -16.18 EPS for the current fiscal year.

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.