Davidson Investment Advisors Has $15.27 Million Stock Holdings in The Boeing Company (NYSE:BA)

Davidson Investment Advisors raised its stake in shares of The Boeing Company (NYSE:BA - Free Report) by 17.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 86,257 shares of the aircraft producer's stock after buying an additional 13,039 shares during the period. Davidson Investment Advisors' holdings in Boeing were worth $15,267,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of BA. Kentucky Retirement Systems Insurance Trust Fund increased its stake in shares of Boeing by 41.3% during the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 24,482 shares of the aircraft producer's stock worth $4,333,000 after purchasing an additional 7,151 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors increased its position in Boeing by 18.7% during the fourth quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 4,363 shares of the aircraft producer's stock worth $772,000 after buying an additional 686 shares during the last quarter. Waycross Partners LLC lifted its position in shares of Boeing by 898.5% in the fourth quarter. Waycross Partners LLC now owns 126,269 shares of the aircraft producer's stock worth $22,350,000 after buying an additional 113,623 shares during the last quarter. HighMark Wealth Management LLC boosted its stake in shares of Boeing by 121.6% during the 4th quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer's stock worth $29,000 after acquiring an additional 90 shares in the last quarter. Finally, GAM Holding AG acquired a new position in shares of Boeing during the 4th quarter valued at about $1,564,000. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Boeing Price Performance

Shares of Boeing stock traded down $3.54 during trading on Friday, hitting $177.34. 8,971,331 shares of the company's stock traded hands, compared to its average volume of 7,792,261. The company has a market cap of $133.01 billion, a PE ratio of -9.68 and a beta of 1.52. The firm's fifty day moving average price is $176.74 and its 200 day moving average price is $164.39. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $208.10.

Boeing (NYSE:BA - Get Free Report) last announced 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 posted ($0.47) earnings per share. As a group, equities research analysts anticipate that The Boeing Company will post -2.32 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on BA. Barclays upgraded Boeing from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $190.00 to $210.00 in a report on Monday, January 6th. Northcoast Research upgraded shares of Boeing from a "sell" rating to a "neutral" rating in a research note on Thursday, December 12th. JPMorgan Chase & Co. raised their target price on shares of Boeing from $190.00 to $200.00 and gave the company an "overweight" rating in a research note on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Boeing from $184.00 to $215.00 and gave the stock a "buy" rating in a research report on Thursday, January 2nd. Finally, Robert W. Baird lowered their price target on Boeing from $240.00 to $200.00 and set an "outperform" rating on the stock in a research report on Thursday, October 24th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Boeing presently has a consensus rating of "Moderate Buy" and a consensus target price of $195.16.

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.