The Boeing Company (NYSE:BA) Shares Purchased by Bryn Mawr Capital Management LLC

Bryn Mawr Capital Management LLC grew its stake in shares of The Boeing Company (NYSE:BA - Free Report) by 57.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,489 shares of the aircraft producer's stock after purchasing an additional 2,002 shares during the quarter. Bryn Mawr Capital Management LLC's holdings in Boeing were worth $972,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Van ECK Associates Corp lifted its stake in Boeing by 122.0% in the third quarter. Van ECK Associates Corp now owns 2,277,548 shares of the aircraft producer's stock valued at $357,712,000 after buying an additional 1,251,456 shares during the last quarter. International Assets Investment Management LLC increased its holdings in shares of Boeing by 289.8% in the 3rd quarter. International Assets Investment Management LLC now owns 1,682,970 shares of the aircraft producer's stock valued at $2,558,790,000 after acquiring an additional 1,251,165 shares during the period. Franklin Resources Inc. raised its position in Boeing by 1,296.3% in the 3rd quarter. Franklin Resources Inc. now owns 1,136,895 shares of the aircraft producer's stock valued at $169,386,000 after purchasing an additional 1,055,472 shares during the last quarter. State Street Corp boosted its stake in Boeing by 2.3% during the 3rd quarter. State Street Corp now owns 27,778,195 shares of the aircraft producer's stock worth $4,223,397,000 after purchasing an additional 636,594 shares during the period. Finally, Jennison Associates LLC boosted its stake in 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 purchasing an additional 602,143 shares during the period. Hedge funds and other institutional investors own 64.82% of the company's stock.

Boeing Price Performance

BA traded down $3.54 during trading on Friday, reaching $177.34. 8,971,331 shares of the stock were exchanged, compared to its average volume of 7,792,261. The Boeing Company has a 1 year low of $137.03 and a 1 year high of $208.10. The company has a market capitalization of $133.01 billion, a price-to-earnings ratio of -9.68 and a beta of 1.52. The business's 50 day moving average price is $176.58 and its two-hundred day moving average price is $164.32.

Boeing (NYSE:BA - Get Free Report) last posted 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 quarter in the previous year, the firm posted ($0.47) EPS. On average, analysts anticipate that The Boeing Company will post -2.32 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on BA. Northcoast Research raised shares of Boeing from a "sell" rating to a "neutral" rating in a report on Thursday, December 12th. Royal Bank of Canada restated an "outperform" rating and issued a $200.00 price target on shares of Boeing in a research report on Wednesday, January 29th. Barclays raised Boeing from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $190.00 to $210.00 in a research report on Monday, January 6th. Citigroup boosted their target price on Boeing from $207.00 to $210.00 and gave the company a "buy" rating in a report on Monday, February 10th. Finally, UBS Group increased their price target on Boeing from $208.00 to $217.00 and gave the stock a "buy" rating in a report on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $195.16.

About Boeing

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.