Cullen Investment Group LTD. Has $540,000 Holdings in The Boeing Company (NYSE:BA)

Cullen Investment Group LTD. decreased its holdings in shares of The Boeing Company (NYSE:BA) by 26.7% in the 4th quarter, HoldingsChannel reports. The firm owned 3,048 shares of the aircraft producer’s stock after selling 1,109 shares during the period. Cullen Investment Group LTD.’s holdings in Boeing were worth $540,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of BA. Rockefeller Capital Management L.P. increased its stake in Boeing by 8.8% in the third quarter. Rockefeller Capital Management L.P. now owns 473,917 shares of the aircraft producer’s stock valued at $72,075,000 after acquiring an additional 38,300 shares during the last quarter. Principal Financial Group Inc. boosted its position in Boeing by 6.1% during the third quarter. Principal Financial Group Inc. now owns 666,244 shares of the aircraft producer’s stock valued at $101,296,000 after acquiring an additional 38,332 shares during the last quarter. 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 in the last quarter. World Investment Advisors LLC boosted its position in shares of Boeing by 243.4% during the 3rd quarter. World Investment Advisors LLC now owns 5,381 shares of the aircraft producer’s stock worth $818,000 after purchasing an additional 3,814 shares in the last quarter. Finally, EWG Elevate Inc. bought a new position in shares of Boeing in the fourth quarter valued at $848,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on BA. Barclays upgraded Boeing from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $190.00 to $210.00 in a research note on Monday, January 6th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $200.00 price target on shares of Boeing in a report on Wednesday, October 30th. Morgan Stanley cut their price target on shares of 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 reissued a “buy” rating and set a $250.00 price target on shares of Boeing in a research note on Thursday, October 24th. Finally, Wells Fargo & Company lowered their price target on shares of Boeing from $86.00 to $85.00 and set an “underweight” rating for the company in a report on Monday, November 4th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $192.21.

Boeing Stock Down 0.8 %

NYSE BA opened at $170.56 on Tuesday. The firm has a market cap of $105.44 billion, a price-to-earnings ratio of -13.22 and a beta of 1.52. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $217.59. The business has a 50-day moving average price of $161.70 and a 200-day moving average price of $165.07.

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

Boeing 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.