Brookstone Capital Management raised its position in shares of The Boeing Company (NYSE:BA) by 262.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 15,524 shares of the aircraft producer’s stock after purchasing an additional 11,238 shares during the quarter. Brookstone Capital Management’s holdings in The Boeing were worth $3,323,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Arrowstreet Capital Limited Partnership grew its position in shares of The Boeing by 49,169.6% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,617,693 shares of the aircraft producer’s stock worth $432,600,000 after buying an additional 2,612,380 shares during the period. Newport Trust Co grew its position in shares of The Boeing by 2.4% during the 3rd quarter. Newport Trust Co now owns 35,141,250 shares of the aircraft producer’s stock worth $5,807,443,000 after buying an additional 838,659 shares during the period. Morgan Stanley lifted its holdings in shares of The Boeing by 15.3% in the 3rd quarter. Morgan Stanley now owns 5,835,189 shares of the aircraft producer’s stock worth $964,323,000 after purchasing an additional 775,814 shares in the last quarter. Voloridge Investment Management LLC acquired a new position in The Boeing during the third quarter worth $110,363,000. Finally, Allianz Asset Management GmbH raised its holdings in The Boeing by 24.8% during the third quarter. Allianz Asset Management GmbH now owns 719,527 shares of the aircraft producer’s stock worth $118,910,000 after buying an additional 142,889 shares during the last quarter. 51.41% of the stock is owned by institutional investors and hedge funds.

Several research firms have weighed in on BA. DZ Bank restated a “buy” rating on shares of The Boeing in a report on Friday, December 11th. Benchmark reduced their target price on shares of The Boeing from $230.00 to $210.00 and set a “buy” rating for the company in a research note on Thursday, November 5th. Wolfe Research lowered shares of The Boeing from a “peer perform” rating to an “underperform” rating in a research note on Friday, December 4th. UBS Group set a $300.00 target price on shares of The Boeing and gave the stock a “buy” rating in a research note on Tuesday, January 5th. Finally, Redburn Partners restated a “sell” rating on shares of The Boeing in a research report on Thursday, December 17th. Eight analysts have rated the stock with a sell rating, ten have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $221.75.

NYSE BA opened at $207.21 on Thursday. The company has a market cap of $116.98 billion, a PE ratio of -26.26, a price-to-earnings-growth ratio of 111.95 and a beta of 1.65. The Boeing Company has a 52 week low of $89.00 and a 52 week high of $349.95. The firm’s 50-day simple moving average is $219.71 and its two-hundred day simple moving average is $183.25.

The Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, October 28th. The aircraft producer reported ($1.39) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($2.33) by $0.94. The firm had revenue of $14.14 billion during the quarter, compared to analysts’ expectations of $13.81 billion. As a group, equities research analysts expect that The Boeing Company will post -8.95 EPS for the current fiscal year.

About The Boeing

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, 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.

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Institutional Ownership by Quarter for The Boeing (NYSE:BA)

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