EWG Elevate Inc. Acquires Shares of 4,790 The Boeing Company (NYSE:BA)

EWG Elevate Inc. acquired a new position in The Boeing Company (NYSE:BA - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,790 shares of the aircraft producer's stock, valued at approximately $848,000.

Several other large investors have also recently made changes to their positions in BA. Van ECK Associates Corp grew its stake in 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 buying an additional 1,251,456 shares during the last quarter. International Assets Investment Management LLC lifted 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 buying an additional 1,251,165 shares during the period. Franklin Resources Inc. lifted its holdings in shares of 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 buying an additional 1,055,472 shares during the period. Wulff Hansen & CO. raised its holdings in Boeing by 15,039.0% during the second quarter. Wulff Hansen & CO. now owns 967,383 shares of the aircraft producer's stock worth $176,073,000 after purchasing an additional 960,993 shares during the last quarter. Finally, State Street Corp raised its holdings in Boeing by 2.3% during the third 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 last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Boeing Trading Down 0.8 %

Shares of NYSE BA traded down $1.44 during mid-day trading on Monday, hitting $170.56. The company had a trading volume of 6,034,919 shares, compared to its average volume of 8,548,556. The company has a market capitalization of $105.44 billion, a PE ratio of -13.22 and a beta of 1.52. The firm has a 50-day simple moving average of $161.39 and a two-hundred day simple moving average of $165.16. The Boeing Company has a one year low of $137.03 and a one year high of $217.59.

Boeing (NYSE:BA - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) 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. During the same period in the prior year, the firm earned ($3.26) EPS. The business's revenue for the quarter was down 1.5% compared to the same quarter last year. Sell-side analysts expect that The Boeing Company will post -16.18 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on BA. Susquehanna dropped their price target on Boeing from $210.00 to $200.00 and set a "positive" rating for the company in a research report on Thursday, October 24th. JPMorgan Chase & Co. lowered their price target on Boeing from $195.00 to $190.00 and set an "overweight" rating for the company in a research report on Monday, November 25th. Northcoast Research raised Boeing from a "sell" rating to a "neutral" rating in a research report on Thursday, December 12th. Jefferies Financial Group lowered their price target on Boeing from $270.00 to $240.00 and set a "buy" rating for the company in a research report on Monday, September 23rd. Finally, Morgan Stanley reduced their price objective on Boeing from $195.00 to $170.00 and set an "equal weight" rating on the stock in a research note on Thursday, October 24th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target 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.