Azimuth Capital Investment Management LLC Acquires 26,774 Shares of The Boeing Company (NYSE:BA)

Azimuth Capital Investment Management LLC boosted its stake in shares of The Boeing Company (NYSE:BA - Free Report) by 39.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 93,959 shares of the aircraft producer's stock after acquiring an additional 26,774 shares during the quarter. Azimuth Capital Investment Management LLC's holdings in Boeing were worth $16,631,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of BA. Vanguard Group Inc. boosted its holdings in shares of Boeing by 24.4% during the fourth quarter. Vanguard Group Inc. now owns 64,442,717 shares of the aircraft producer's stock worth $11,406,361,000 after purchasing an additional 12,641,715 shares during the period. Geode Capital Management LLC raised its position in Boeing by 29.5% during the 4th quarter. Geode Capital Management LLC now owns 15,171,869 shares of the aircraft producer's stock valued at $2,677,170,000 after purchasing an additional 3,452,075 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in Boeing by 3.4% in the 4th quarter. Fisher Asset Management LLC now owns 5,030,899 shares of the aircraft producer's stock worth $890,469,000 after buying an additional 164,042 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Boeing by 30.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,178,444 shares of the aircraft producer's stock worth $739,585,000 after buying an additional 981,796 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Boeing by 17.4% during the fourth quarter. Bank of New York Mellon Corp now owns 3,921,417 shares of the aircraft producer's stock valued at $694,091,000 after buying an additional 581,987 shares during the period. 64.82% of the stock is currently owned by institutional investors.

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Wall Street Analysts Forecast Growth

BA has been the subject of a number of research analyst reports. Barclays upgraded Boeing from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $190.00 to $210.00 in a research note on Monday, January 6th. StockNews.com raised Boeing to a "sell" rating in a research report on Saturday, April 5th. Royal Bank of Canada reiterated an "outperform" rating and set a $200.00 price target on shares of Boeing in a report on Wednesday, January 29th. UBS Group upped their price objective on Boeing from $208.00 to $217.00 and gave the company a "buy" rating in a research report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. lifted their target price on Boeing from $190.00 to $200.00 and gave the stock an "overweight" rating in a report on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Boeing has a consensus rating of "Moderate Buy" and a consensus price target of $196.10.

Insider Buying and Selling at Boeing

In other news, EVP Uma M. Amuluru sold 3,159 shares of Boeing stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $180.69, for a total value of $570,799.71. Following the sale, the executive vice president now directly owns 19,213 shares of the company's stock, valued at approximately $3,471,596.97. The trade was a 14.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.09% of the company's stock.

Boeing Stock Performance

Shares of BA traded up $1.43 during mid-day trading on Friday, reaching $156.95. The stock had a trading volume of 8,802,630 shares, compared to its average volume of 9,026,198. The business has a fifty day moving average of $168.68 and a 200 day moving average of $164.00. The firm has a market cap of $117.73 billion, a price-to-earnings ratio of -8.57 and a beta of 1.24. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $196.95.

Boeing (NYSE:BA - Get Free Report) last issued its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same period in the prior year, the company earned ($0.47) EPS. On average, research analysts forecast that The Boeing Company will post -2.58 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.