Northern Trust Corp Grows Stake in The Boeing Company (NYSE:BA)

Northern Trust Corp lifted its position in The Boeing Company (NYSE:BA - Free Report) by 33.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,504,610 shares of the aircraft producer's stock after buying an additional 1,634,231 shares during the period. Northern Trust Corp owned approximately 0.87% of Boeing worth $1,151,316,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. AdvisorNet Financial Inc lifted 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 valued at $358,000 after purchasing an additional 710 shares in the last quarter. Carnegie Investment Counsel lifted its position in Boeing by 175.6% during the fourth quarter. Carnegie Investment Counsel now owns 4,619 shares of the aircraft producer's stock valued at $818,000 after purchasing an additional 2,943 shares in the last quarter. Principal Financial Group Inc. lifted its position in Boeing by 6.1% during the third quarter. Principal Financial Group Inc. now owns 666,244 shares of the aircraft producer's stock valued at $101,296,000 after purchasing an additional 38,332 shares in the last quarter. World Investment Advisors LLC lifted its position in Boeing by 243.4% during the third quarter. World Investment Advisors LLC now owns 5,381 shares of the aircraft producer's stock valued at $818,000 after purchasing an additional 3,814 shares in the last quarter. Finally, Amundi lifted 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. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Boeing

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of Boeing stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $180.69, for a total value of $570,799.71. Following the transaction, 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.09% of the stock is owned by insiders.

Boeing Trading Up 0.9 %

Shares of Boeing stock opened at $177.92 on Monday. The firm has a market cap of $134.15 billion, a P/E ratio of -9.71 and a beta of 1.24. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $196.95. The stock's fifty day moving average price is $164.87 and its 200-day moving average price is $164.82.

Boeing (NYSE:BA - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) EPS for the quarter, beating the consensus estimate of ($1.39) by $0.90. The firm had revenue of $19.50 billion for the quarter, compared to analysts' expectations of $19.57 billion. Analysts forecast that The Boeing Company will post -2.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. TD Securities reiterated a "buy" rating and set a $180.00 target price on shares of Boeing in a research report on Thursday. Benchmark decreased their price target on Boeing from $250.00 to $215.00 and set a "buy" rating on the stock in a report on Monday, April 21st. JPMorgan Chase & Co. raised their price target on Boeing from $190.00 to $200.00 and gave the company an "overweight" rating in a report on Wednesday, January 29th. Barclays raised Boeing from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $190.00 to $210.00 in a report on Monday, January 6th. Finally, Melius raised Boeing from a "hold" rating to a "buy" rating in a report on Monday, March 24th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Boeing presently has a consensus rating of "Moderate Buy" and an average price target of $198.45.

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.

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