Lee Danner & Bass Inc. Buys 2,514 Shares of The Boeing Company (NYSE:BA)

Lee Danner & Bass Inc. lifted its position in The Boeing Company (NYSE:BA - Free Report) by 10.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 27,736 shares of the aircraft producer's stock after acquiring an additional 2,514 shares during the period. Lee Danner & Bass Inc.'s holdings in Boeing were worth $4,909,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Raymond James Financial Inc. acquired a new position in shares of Boeing in the 4th quarter valued at about $230,944,000. Amundi grew its position in Boeing by 473.6% during the fourth quarter. Amundi now owns 1,565,337 shares of the aircraft producer's stock valued at $268,862,000 after purchasing an additional 1,292,417 shares in the last quarter. Burkehill Global Management LP acquired a new position in Boeing in the 4th quarter valued at approximately $212,400,000. Franklin Resources Inc. lifted 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 worth $169,386,000 after buying an additional 1,055,472 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Boeing by 30.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,178,444 shares of the aircraft producer's stock valued at $739,585,000 after buying an additional 981,796 shares during the period. Institutional investors and hedge funds own 64.82% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Citigroup upped their price target on shares of Boeing from $207.00 to $210.00 and gave the stock a "buy" rating in a research note on Monday, February 10th. Susquehanna raised their price target on Boeing from $200.00 to $205.00 and gave the stock a "positive" rating in a research note on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft boosted their price target on Boeing from $184.00 to $215.00 and gave the company a "buy" rating in a research note on Thursday, January 2nd. JPMorgan Chase & Co. raised their price objective on shares of Boeing from $190.00 to $200.00 and gave the company an "overweight" rating in a research report on Wednesday, January 29th. Finally, StockNews.com raised shares of Boeing to a "sell" rating in a research report on Wednesday, March 12th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $195.68.

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Insider Activity at Boeing

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of Boeing stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $180.69, for a total transaction of $570,799.71. Following the sale, the executive vice president now owns 19,213 shares in the company, valued at $3,471,596.97. The trade was a 14.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.09% of the company's stock.

Boeing Stock Up 1.0 %

Shares of BA stock traded up $1.81 during trading hours on Tuesday, reaching $182.71. 7,157,704 shares of the company's stock were exchanged, compared to its average volume of 8,663,530. The business has a fifty day moving average price of $173.19 and a 200-day moving average price of $163.72. The stock has a market capitalization of $137.05 billion, a P/E ratio of -9.97 and a beta of 1.53. The Boeing Company has a fifty-two week low of $137.03 and a fifty-two week high of $196.95.

Boeing (NYSE:BA - Get Free Report) last issued its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing analysts' consensus estimates of ($1.60) by ($4.30). During the same quarter in the previous year, the company earned ($0.47) EPS. As a group, research analysts expect that The Boeing Company will post -2.58 EPS for the current fiscal year.

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.