Empirical Asset Management LLC Takes Position in The Boeing Company (NYSE:BA)

Empirical Asset Management LLC bought a new position in shares of The Boeing Company (NYSE:BA - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 30,790 shares of the aircraft producer's stock, valued at approximately $5,450,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in BA. American Century Companies Inc. grew its position in Boeing by 20.8% during the 2nd quarter. American Century Companies Inc. now owns 44,992 shares of the aircraft producer's stock worth $8,189,000 after acquiring an additional 7,739 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Boeing by 8.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,277,289 shares of the aircraft producer's stock valued at $232,479,000 after buying an additional 98,973 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its position in Boeing by 8.8% during the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 10,449 shares of the aircraft producer's stock worth $1,902,000 after buying an additional 841 shares during the period. Vanguard Personalized Indexing Management LLC boosted its position in Boeing by 15.2% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 43,184 shares of the aircraft producer's stock worth $7,755,000 after buying an additional 5,704 shares during the period. Finally, Waterloo Capital L.P. grew its holdings in Boeing by 56.2% during the 2nd quarter. Waterloo Capital L.P. now owns 1,610 shares of the aircraft producer's stock worth $293,000 after acquiring an additional 579 shares during the last quarter. Institutional investors own 64.82% of the company's stock.

Boeing Trading Up 1.3 %

Boeing stock traded up $2.21 during midday trading on Friday, reaching $171.14. The stock had a trading volume of 9,537,359 shares, compared to its average volume of 8,147,399. The company has a fifty day moving average price of $162.76 and a two-hundred day moving average price of $165.00. The Boeing Company has a 12 month low of $137.03 and a 12 month high of $217.59. The company has a market capitalization of $105.80 billion, a P/E ratio of -13.27 and a beta of 1.52.

Boeing (NYSE:BA - Get Free Report) last released its quarterly earnings data 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 during the quarter, compared to analysts' expectations of $17.81 billion. During the same period last year, the company posted ($3.26) EPS. The firm's quarterly revenue was down 1.5% on a year-over-year basis. On average, equities research analysts predict that The Boeing Company will post -16.43 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on BA shares. TD Cowen cut their price target on shares of Boeing from $200.00 to $190.00 and set a "buy" rating on the stock in a report on Monday, October 14th. UBS Group reduced their price target on Boeing from $215.00 to $195.00 and set a "buy" rating on the stock in a research report on Thursday, October 24th. The Goldman Sachs Group decreased their price target on Boeing from $232.00 to $202.00 and set a "buy" rating for the company in a research note on Tuesday, September 24th. JPMorgan Chase & Co. cut their price objective on Boeing from $195.00 to $190.00 and set an "overweight" rating on the stock in a research note on Monday, November 25th. Finally, Susquehanna reduced their target price on Boeing from $210.00 to $200.00 and set a "positive" rating on the stock in a report on Thursday, October 24th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $192.21.

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.