Hilltop Holdings Inc. Purchases 3,175 Shares of The Boeing Company (NYSE:BA)

Hilltop Holdings Inc. grew its stake in shares of The Boeing Company (NYSE:BAGet Rating) by 28.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,220 shares of the aircraft producer’s stock after buying an additional 3,175 shares during the period. Hilltop Holdings Inc.’s holdings in Boeing were worth $2,863,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently added to or reduced their stakes in BA. Bank of Montreal Can raised its position in shares of Boeing by 165.0% during the fourth quarter. Bank of Montreal Can now owns 4,377,572 shares of the aircraft producer’s stock valued at $1,015,817,000 after buying an additional 2,725,602 shares during the last quarter. Renaissance Technologies LLC bought a new stake in Boeing in the third quarter worth $329,579,000. Clear Street LLC bought a new stake in Boeing in the fourth quarter worth $199,306,000. MFA Wealth Advisors LLC increased its position in Boeing by 2,850.7% in the third quarter. MFA Wealth Advisors LLC now owns 408,146 shares of the aircraft producer’s stock worth $617,000 after purchasing an additional 394,314 shares during the last quarter. Finally, American Century Companies Inc. increased its position in Boeing by 4,303.9% in the fourth quarter. American Century Companies Inc. now owns 359,311 shares of the aircraft producer’s stock worth $72,336,000 after purchasing an additional 351,152 shares during the last quarter. Hedge funds and other institutional investors own 53.96% of the company’s stock.

Several equities research analysts recently weighed in on the stock. Susquehanna reduced their price target on shares of Boeing from $193.00 to $192.00 in a research report on Friday. Jefferies Financial Group dropped their price objective on shares of Boeing from $270.00 to $225.00 and set a “buy” rating for the company in a research note on Monday, May 2nd. Wells Fargo & Company dropped their price objective on shares of Boeing from $250.00 to $214.00 in a research note on Thursday, April 28th. UBS Group set a $263.00 price objective on shares of Boeing and gave the stock a “buy” rating in a research note on Thursday, April 28th. Finally, The Goldman Sachs Group set a $300.00 price objective on shares of Boeing and gave the stock a “buy” rating in a research note on Wednesday, January 26th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $225.10.

Boeing stock traded up $3.06 during trading hours on Monday, reaching $123.76. The stock had a trading volume of 229,589 shares, compared to its average volume of 10,124,212. The company has a market cap of $73.22 billion, a price-to-earnings ratio of -14.69 and a beta of 1.47. The business’s 50 day moving average price is $167.81 and its 200-day moving average price is $192.34. The Boeing Company has a 52 week low of $117.08 and a 52 week high of $258.40.

Boeing (NYSE:BAGet Rating) last announced its earnings results on Wednesday, April 27th. The aircraft producer reported ($2.75) EPS for the quarter, missing analysts’ consensus estimates of ($0.26) by ($2.49). The business had revenue of $13.99 billion for the quarter, compared to analyst estimates of $15.90 billion. The business’s quarterly revenue was down 8.1% compared to the same quarter last year. During the same period in the previous year, the company earned ($1.53) EPS. On average, equities analysts anticipate that The Boeing Company will post -0.11 earnings per share for the current fiscal year.

Boeing Profile (Get Rating)

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 Boeing (NYSE:BA)

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