The Boeing Company (NYSE:BA) Stake Decreased by Capital Planning LLC

Capital Planning LLC lowered its position in shares of The Boeing Company (NYSE:BA - Free Report) by 2.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 61,416 shares of the aircraft producer's stock after selling 1,562 shares during the quarter. Boeing comprises 2.9% of Capital Planning LLC's investment portfolio, making the stock its 10th biggest holding. Capital Planning LLC's holdings in Boeing were worth $10,871,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Van ECK Associates Corp boosted its position in shares of Boeing by 122.0% during the 3rd quarter. Van ECK Associates Corp now owns 2,277,548 shares of the aircraft producer's stock worth $357,712,000 after purchasing an additional 1,251,456 shares in the last quarter. International Assets Investment Management LLC raised its stake in Boeing by 289.8% during the 3rd quarter. International Assets Investment Management LLC now owns 1,682,970 shares of the aircraft producer's stock worth $2,558,790,000 after buying an additional 1,251,165 shares during the period. Franklin Resources Inc. boosted its holdings in Boeing by 1,296.3% in the third quarter. Franklin Resources Inc. now owns 1,136,895 shares of the aircraft producer's stock worth $169,386,000 after acquiring an additional 1,055,472 shares in the last quarter. State Street Corp grew its stake in Boeing by 2.3% in the third quarter. State Street Corp now owns 27,778,195 shares of the aircraft producer's stock valued at $4,223,397,000 after acquiring an additional 636,594 shares during the period. Finally, Jennison Associates LLC increased its holdings in shares of Boeing by 9.9% during the third quarter. Jennison Associates LLC now owns 6,700,706 shares of the aircraft producer's stock valued at $1,018,775,000 after acquiring an additional 602,143 shares in the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on BA. DZ Bank lowered Boeing from a "buy" rating to a "hold" rating and set a $152.00 price objective for the company. in a report on Tuesday, October 15th. Citigroup decreased their price target on Boeing from $224.00 to $209.00 and set a "buy" rating for the company in a report on Tuesday, October 15th. Barclays upgraded Boeing from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $190.00 to $210.00 in a research note on Monday, January 6th. Royal Bank of Canada reiterated an "outperform" rating and issued a $200.00 target price on shares of Boeing in a research note on Wednesday, October 30th. Finally, Wells Fargo & Company dropped their price target on shares of Boeing from $86.00 to $85.00 and set an "underweight" rating on the stock in a research report on Monday, November 4th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Boeing currently has a consensus rating of "Moderate Buy" and an average target price of $192.21.

Boeing Price Performance

Shares of NYSE:BA traded up $2.21 during trading on Friday, hitting $171.14. 6,490,788 shares of the company were exchanged, compared to its average volume of 7,792,682. The Boeing Company has a 52-week low of $137.03 and a 52-week high of $217.59. The stock has a 50 day moving average of $162.76 and a 200 day moving average of $165.00. The company has a market cap of $105.80 billion, a PE ratio of -13.27 and a beta of 1.52.

Boeing (NYSE:BA - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($10.34) by ($0.10). The company had revenue of $17.84 billion during the quarter, compared to analyst estimates of $17.81 billion. The business's quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter last year, the business earned ($3.26) earnings per share. Sell-side analysts forecast that The Boeing Company will post -16.43 EPS for the current fiscal year.

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.