First Hawaiian Bank Acquires 6,478 Shares of The Boeing Company (NYSE:BA)

First Hawaiian Bank increased its holdings in shares of The Boeing Company (NYSE:BA) by 226.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,337 shares of the aircraft producer’s stock after acquiring an additional 6,478 shares during the period. First Hawaiian Bank’s holdings in Boeing were worth $1,653,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. RPg Family Wealth Advisory LLC bought a new position in Boeing in the 3rd quarter worth about $28,000. Kiely Wealth Advisory Group Inc. purchased a new stake in shares of Boeing during the second quarter valued at approximately $33,000. Cedar Wealth Management LLC bought a new stake in shares of Boeing during the third quarter valued at approximately $30,000. Meeder Asset Management Inc. raised its holdings in Boeing by 325.4% in the 2nd quarter. Meeder Asset Management Inc. now owns 302 shares of the aircraft producer’s stock worth $55,000 after acquiring an additional 231 shares during the last quarter. Finally, Fairscale Capital LLC bought a new position in Boeing in the 2nd quarter valued at approximately $59,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Stock Down 0.3 %

Shares of Boeing stock opened at $172.04 on Friday. The Boeing Company has a 52 week low of $137.03 and a 52 week high of $231.61. The stock’s 50-day simple moving average is $161.04 and its 200-day simple moving average is $165.37. The company has a market capitalization of $106.36 billion, a price-to-earnings ratio of -13.34 and a beta of 1.52.

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

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on BA shares. Barclays upgraded Boeing from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $190.00 to $210.00 in a research note on Monday. Sanford C. Bernstein cut shares of Boeing from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $195.00 to $169.00 in a research note on Wednesday, October 30th. DZ Bank lowered shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 price target for the company. in a research note on Tuesday, October 15th. Jefferies Financial Group lowered their price objective on shares of Boeing from $270.00 to $240.00 and set a “buy” rating on the stock in a research report on Monday, September 23rd. Finally, JPMorgan Chase & Co. cut their target price on shares of Boeing from $195.00 to $190.00 and set an “overweight” rating for the company in a research report on Monday, November 25th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $192.21.

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.