Geode Capital Management LLC raised its holdings in The Boeing Company (NYSE:BA - Free Report) by 29.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,171,869 shares of the aircraft producer's stock after purchasing an additional 3,452,075 shares during the period. Geode Capital Management LLC owned about 2.02% of Boeing worth $2,677,170,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. AdvisorNet Financial Inc raised its position in Boeing by 54.2% during the fourth quarter. AdvisorNet Financial Inc now owns 2,021 shares of the aircraft producer's stock worth $358,000 after acquiring an additional 710 shares during the period. Carnegie Investment Counsel raised its position in shares of Boeing by 175.6% during the 4th quarter. Carnegie Investment Counsel now owns 4,619 shares of the aircraft producer's stock worth $818,000 after purchasing an additional 2,943 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Boeing by 6.1% in the 3rd quarter. Principal Financial Group Inc. now owns 666,244 shares of the aircraft producer's stock valued at $101,296,000 after buying an additional 38,332 shares in the last quarter. World Investment Advisors LLC boosted its holdings in Boeing by 243.4% in the 3rd quarter. World Investment Advisors LLC now owns 5,381 shares of the aircraft producer's stock worth $818,000 after buying an additional 3,814 shares during the last quarter. Finally, Amundi increased its stake in Boeing by 473.6% during the 4th quarter. Amundi now owns 1,565,337 shares of the aircraft producer's stock worth $268,862,000 after buying an additional 1,292,417 shares in the last quarter. 64.82% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of analysts have recently issued reports on the company. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $200.00 price target on shares of Boeing in a research note on Wednesday, January 29th. Susquehanna increased their target price on shares of Boeing from $200.00 to $205.00 and gave the company a "positive" rating in a research report on Wednesday, January 29th. UBS Group boosted their price target on shares of Boeing from $208.00 to $217.00 and gave the stock a "buy" rating in a research report on Wednesday, January 29th. Barclays upgraded shares of Boeing from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $190.00 to $210.00 in a report on Monday, January 6th. Finally, Citigroup boosted their target price on Boeing from $207.00 to $210.00 and gave the stock a "buy" rating in a report on Monday, February 10th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Boeing has a consensus rating of "Moderate Buy" and an average target price of $195.68.
Read Our Latest Research Report on Boeing
Boeing Stock Performance
BA stock traded up $0.62 during midday trading on Wednesday, reaching $168.79. 5,758,090 shares of the company were exchanged, compared to its average volume of 8,783,067. The Boeing Company has a 1-year low of $137.03 and a 1-year high of $196.95. The company has a market cap of $126.60 billion, a price-to-earnings ratio of -9.21 and a beta of 1.53. The stock's 50-day simple moving average is $173.82 and its 200 day simple moving average is $164.36.
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 last year, the firm earned ($0.47) earnings per share. On average, research analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current year.
Insider Transactions at Boeing
In related news, EVP Uma M. Amuluru sold 3,159 shares of the firm's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $180.69, for a total transaction of $570,799.71. Following the transaction, the executive vice president now owns 19,213 shares of the company's stock, valued at $3,471,596.97. This trade represents a 14.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.09% of the company's stock.
About Boeing
(
Free Report)
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.
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