Charles Schwab Investment Management Inc. Acquires 981,796 Shares of The Boeing Company (NYSE:BA)

Charles Schwab Investment Management Inc. boosted its holdings in The Boeing Company (NYSE:BA - Free Report) by 30.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,178,444 shares of the aircraft producer's stock after purchasing an additional 981,796 shares during the period. Charles Schwab Investment Management Inc. owned about 0.68% of Boeing worth $739,585,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in BA. State of Michigan Retirement System grew its position in shares of Boeing by 27.3% in the 4th quarter. State of Michigan Retirement System now owns 202,896 shares of the aircraft producer's stock valued at $35,913,000 after acquiring an additional 43,500 shares during the period. WMG Financial Advisors LLC grew its position in shares of Boeing by 9.6% in the 4th quarter. WMG Financial Advisors LLC now owns 2,675 shares of the aircraft producer's stock valued at $473,000 after acquiring an additional 235 shares during the period. Winslow Asset Management Inc. grew its position in shares of Boeing by 8.2% in the 4th quarter. Winslow Asset Management Inc. now owns 40,761 shares of the aircraft producer's stock valued at $7,215,000 after acquiring an additional 3,096 shares during the period. Mission Wealth Management LP grew its position in shares of Boeing by 4.1% in the 4th quarter. Mission Wealth Management LP now owns 17,195 shares of the aircraft producer's stock valued at $3,044,000 after acquiring an additional 677 shares during the period. Finally, Auxano Advisors LLC bought a new position in shares of Boeing in the 4th quarter valued at about $244,000. Institutional investors own 64.82% of the company's stock.

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Analyst Ratings Changes

A number of brokerages have recently commented on BA. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Boeing from $184.00 to $215.00 and gave the company a "buy" rating in a research report on Thursday, January 2nd. Wells Fargo & Company lifted their price objective on shares of Boeing from $85.00 to $103.00 and gave the company an "underweight" rating in a research report on Wednesday, January 29th. Northcoast Research raised shares of Boeing from a "sell" rating to a "neutral" rating in a research report on Thursday, December 12th. JPMorgan Chase & Co. raised their target price on shares of Boeing from $190.00 to $200.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 29th. Finally, UBS Group raised their target price on shares of Boeing from $208.00 to $217.00 and gave the stock a "buy" rating in a research note on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $195.16.

Boeing Trading Down 2.7 %

BA stock traded down $4.24 during mid-day trading on Friday, hitting $154.20. The stock had a trading volume of 12,519,714 shares, compared to its average volume of 7,846,522. The Boeing Company has a 52 week low of $137.03 and a 52 week high of $203.80. The firm has a market capitalization of $115.66 billion, a P/E ratio of -8.42 and a beta of 1.52. The firm has a fifty day simple moving average of $175.03 and a 200 day simple moving average of $164.27.

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

Insider Buying and Selling at Boeing

In related news, EVP Uma M. Amuluru sold 3,159 shares of Boeing stock in a transaction that occurred 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 directly owns 19,213 shares of the company's stock, valued at approximately $3,471,596.97. The trade was a 14.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.16% of the company's stock.

Boeing Company 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.