Russell Investments Group Ltd. grew its holdings in The Boeing Company (NYSE:BA - Free Report) by 35.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 121,785 shares of the aircraft producer's stock after purchasing an additional 32,165 shares during the quarter. Russell Investments Group Ltd.'s holdings in Boeing were worth $21,556,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of BA. Keynote Financial Services LLC raised its holdings in shares of Boeing by 3.8% during the 4th quarter. Keynote Financial Services LLC now owns 1,542 shares of the aircraft producer's stock valued at $273,000 after buying an additional 57 shares in the last quarter. Chaney Capital Management Inc. grew its position in Boeing by 2.1% during the fourth quarter. Chaney Capital Management Inc. now owns 2,870 shares of the aircraft producer's stock valued at $508,000 after acquiring an additional 58 shares during the last quarter. Farmers & Merchants Investments Inc. raised its stake in shares of Boeing by 0.6% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 10,608 shares of the aircraft producer's stock worth $1,878,000 after acquiring an additional 59 shares in the last quarter. Center for Financial Planning Inc. raised its stake in shares of Boeing by 12.0% during the fourth quarter. Center for Financial Planning Inc. now owns 562 shares of the aircraft producer's stock worth $99,000 after acquiring an additional 60 shares in the last quarter. Finally, Transcend Capital Advisors LLC lifted its holdings in shares of Boeing by 1.3% in the 4th quarter. Transcend Capital Advisors LLC now owns 4,923 shares of the aircraft producer's stock worth $871,000 after acquiring an additional 61 shares during the last quarter. 64.82% of the stock is owned by institutional investors.
Insiders Place Their Bets
In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the firm's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $180.69, for a total transaction of $570,799.71. Following the completion of the sale, the executive vice president now directly owns 19,213 shares in the company, valued at approximately $3,471,596.97. This trade represents a 14.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.09% of the company's stock.
Analyst Upgrades and Downgrades
Several research firms recently commented on BA. Wells Fargo & Company increased their target price on shares of Boeing from $103.00 to $113.00 and gave the company an "underweight" rating in a report on Monday, March 17th. Susquehanna lifted their price objective on Boeing from $200.00 to $205.00 and gave the stock a "positive" rating in a report on Wednesday, January 29th. Melius raised Boeing from a "hold" rating to a "buy" rating in a research note on Monday, March 24th. JPMorgan Chase & Co. raised their price target on Boeing from $190.00 to $200.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 29th. Finally, UBS Group boosted their price objective on Boeing from $208.00 to $217.00 and gave the company a "buy" rating in a research report on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, Boeing has a consensus rating of "Moderate Buy" and an average price target of $196.10.
Read Our Latest Research Report on BA
Boeing Stock Up 2.7 %
Shares of NYSE:BA traded up $4.16 during midday trading on Monday, reaching $161.00. The company's stock had a trading volume of 2,164,873 shares, compared to its average volume of 8,692,615. The firm has a 50 day moving average of $168.68 and a 200-day moving average of $164.00. The firm has a market capitalization of $120.76 billion, a P/E ratio of -8.79 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.
Boeing (NYSE:BA - Get Free Report) last announced its 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 last year, the company earned ($0.47) EPS. On average, research analysts predict that The Boeing Company will post -2.58 EPS for the current year.
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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