KBC Group NV Has $10.73 Million Stake in The Boeing Company (NYSE:BA)

KBC Group NV lifted its position in The Boeing Company (NYSE:BA - Free Report) by 32.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 60,599 shares of the aircraft producer's stock after purchasing an additional 15,016 shares during the period. KBC Group NV's holdings in Boeing were worth $10,726,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Sugar Maple Asset Management LLC bought a new position in shares of Boeing in the fourth quarter worth approximately $27,000. RPg Family Wealth Advisory LLC purchased a new stake in shares of Boeing during the 3rd quarter valued at about $28,000. Cedar Wealth Management LLC purchased a new position in shares of Boeing during the 3rd quarter worth $30,000. Planning Capital Management Corp increased its position in Boeing by 741.0% in the third quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer's stock worth $50,000 after buying an additional 289 shares in the last quarter. Finally, Albion Financial Group UT lifted its holdings in Boeing by 116.1% during the fourth quarter. Albion Financial Group UT now owns 296 shares of the aircraft producer's stock valued at $52,000 after purchasing an additional 159 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. UBS Group raised their price target on Boeing from $208.00 to $217.00 and gave the stock a "buy" rating in a research report on Wednesday. Sanford C. Bernstein cut shares of Boeing from an "outperform" rating to a "market perform" rating and lowered their price target for the company from $195.00 to $169.00 in a report on Wednesday, October 30th. Northcoast Research raised Boeing from a "sell" rating to a "neutral" rating in a report on Thursday, December 12th. Benchmark restated a "buy" rating and issued a $250.00 target price on shares of Boeing in a research note on Thursday, October 24th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Boeing from $184.00 to $215.00 and gave the stock a "buy" rating in a research note on Thursday, January 2nd. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $195.00.

Boeing Price Performance

Shares of BA traded up $4.47 during trading hours on Thursday, hitting $178.13. 4,281,119 shares of the company were exchanged, compared to its average volume of 8,744,766. The Boeing Company has a one year low of $137.03 and a one year high of $214.63. The company has a market capitalization of $110.12 billion, a PE ratio of -13.85 and a beta of 1.52. The firm has a fifty day simple moving average of $168.24 and a 200-day simple moving average of $164.26.

Boeing (NYSE:BA - Get Free Report) last released 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 in the prior year, the firm earned ($0.47) earnings per share. Sell-side analysts expect that The Boeing Company will post -16.39 EPS for the current year.

About Boeing

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.