The Boeing Company (NYSE:BA) Shares Purchased by Alliancebernstein L.P.

Alliancebernstein L.P. increased its holdings in shares of The Boeing Company (NYSE:BA) by 0.7% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 689,775 shares of the aircraft producer’s stock after purchasing an additional 4,726 shares during the quarter. Alliancebernstein L.P. owned 0.12% of Boeing worth $151,709,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Stockman Wealth Management Inc. lifted its holdings in Boeing by 1.7% in the 2nd quarter. Stockman Wealth Management Inc. now owns 2,699 shares of the aircraft producer’s stock worth $647,000 after purchasing an additional 44 shares during the last quarter. Hutchinson Capital Management CA lifted its holdings in Boeing by 0.4% in the 2nd quarter. Hutchinson Capital Management CA now owns 10,334 shares of the aircraft producer’s stock worth $2,476,000 after purchasing an additional 45 shares during the last quarter. Buckley Wealth Management LLC lifted its holdings in Boeing by 1.7% in the 3rd quarter. Buckley Wealth Management LLC now owns 2,691 shares of the aircraft producer’s stock worth $592,000 after purchasing an additional 45 shares during the last quarter. Cypress Capital LLC lifted its holdings in Boeing by 28.6% in the 2nd quarter. Cypress Capital LLC now owns 207 shares of the aircraft producer’s stock worth $50,000 after purchasing an additional 46 shares during the last quarter. Finally, Charter Oak Capital Management LLC lifted its holdings in Boeing by 3.4% in the 3rd quarter. Charter Oak Capital Management LLC now owns 1,430 shares of the aircraft producer’s stock worth $315,000 after purchasing an additional 47 shares during the last quarter. 52.86% of the stock is owned by hedge funds and other institutional investors.

In related news, SVP Edward Lee Dandridge sold 990 shares of the company’s stock in a transaction dated Friday, November 5th. The stock was sold at an average price of $221.87, for a total value of $219,651.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.16% of the company’s stock.

Several research analysts have commented on the company. Susquehanna Bancshares dropped their price target on Boeing from $300.00 to $267.00 and set a “positive” rating on the stock in a research report on Thursday, October 28th. JPMorgan Chase & Co. dropped their price target on Boeing from $275.00 to $270.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 15th. Susquehanna dropped their price target on Boeing from $300.00 to $267.00 and set a “positive” rating on the stock in a research report on Thursday, October 28th. Morgan Stanley reaffirmed a “buy” rating and issued a $274.00 price target on shares of Boeing in a research report on Friday, October 15th. Finally, Bank of America dropped their price target on Boeing from $245.00 to $220.00 and set a “neutral” rating on the stock in a research report on Monday, December 20th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $265.70.

Shares of BA opened at $225.96 on Friday. The Boeing Company has a 12-month low of $185.26 and a 12-month high of $278.57. The stock’s fifty day simple moving average is $208.67 and its 200-day simple moving average is $217.32.

Boeing (NYSE:BA) last issued its quarterly earnings results on Tuesday, October 26th. The aircraft producer reported ($0.60) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.20) by ($0.40). The firm had revenue of $15.28 billion during the quarter, compared to analyst estimates of $16.27 billion. During the same quarter in the previous year, the business earned ($1.39) earnings per share. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. Research analysts anticipate that The Boeing Company will post -1.69 EPS for the current fiscal year.

About Boeing

The Boeing Co is an aerospace company, which engages in the manufacture of commercial jetliners and defense, space and security systems. It operates through the following segments: Commercial Airplanes; Defense, Space and Security; Global Services; and Boeing Capital. The Commercial Airplanes segment includes the development, production, and market of commercial jet aircraft and provides fleet support services, principally to the commercial airline industry worldwide.

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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