Fagan Associates Inc. Acquires 2,929 Shares of The Boeing Company (NYSE:BA)

Fagan Associates Inc. lifted its position in The Boeing Company (NYSE:BA - Free Report) by 9.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 32,425 shares of the aircraft producer's stock after purchasing an additional 2,929 shares during the quarter. Fagan Associates Inc.'s holdings in Boeing were worth $5,739,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in BA. Van ECK Associates Corp grew its position in Boeing by 122.0% in the third quarter. Van ECK Associates Corp now owns 2,277,548 shares of the aircraft producer's stock worth $357,712,000 after acquiring an additional 1,251,456 shares in the last quarter. International Assets Investment Management LLC grew its position in Boeing by 289.8% in the third quarter. International Assets Investment Management LLC now owns 1,682,970 shares of the aircraft producer's stock worth $2,558,790,000 after acquiring an additional 1,251,165 shares in the last quarter. Franklin Resources Inc. grew its position in Boeing by 1,296.3% in the third quarter. Franklin Resources Inc. now owns 1,136,895 shares of the aircraft producer's stock worth $169,386,000 after acquiring an additional 1,055,472 shares in the last quarter. State Street Corp grew its position in Boeing by 2.3% in the third quarter. State Street Corp now owns 27,778,195 shares of the aircraft producer's stock worth $4,223,397,000 after acquiring an additional 636,594 shares in the last quarter. Finally, Jennison Associates LLC grew its position in Boeing by 9.9% in the third quarter. Jennison Associates LLC now owns 6,700,706 shares of the aircraft producer's stock worth $1,018,775,000 after acquiring an additional 602,143 shares in the last quarter. Institutional investors own 64.82% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on BA. Barclays upgraded shares of Boeing from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $190.00 to $210.00 in a research report on Monday, January 6th. UBS Group upped their price target on shares of Boeing from $208.00 to $217.00 and gave the company a "buy" rating in a research report on Wednesday, January 29th. Susquehanna upped their price target on shares of Boeing from $200.00 to $205.00 and gave the company a "positive" rating in a research report on Wednesday, January 29th. Morgan Stanley cut their price target on shares of Boeing from $195.00 to $170.00 and set an "equal weight" rating for the company in a research report on Thursday, October 24th. Finally, Robert W. Baird cut their price target on shares of Boeing from $240.00 to $200.00 and set an "outperform" rating for the company in a research report on Thursday, October 24th. Two 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 given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $195.16.

Boeing Price Performance

BA stock traded down $3.54 during trading on Friday, reaching $177.34. The company had a trading volume of 8,778,901 shares, compared to its average volume of 7,743,135. The Boeing Company has a 52 week low of $137.03 and a 52 week high of $208.10. The company has a market cap of $133.01 billion, a P/E ratio of -9.68 and a beta of 1.52. The business has a 50 day moving average of $176.58 and a 200 day moving average of $164.32.

Boeing (NYSE:BA - Get Free Report) last released its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($1.60) by ($4.30). During the same period in the prior year, the company earned ($0.47) EPS. Research analysts expect that The Boeing Company will post -2.32 earnings per share for the current year.

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.