Vanguard Group Inc. Has $11.41 Billion Stock Position in The Boeing Company (NYSE:BA)

Vanguard Group Inc. lifted its stake in The Boeing Company (NYSE:BA - Free Report) by 24.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 64,442,717 shares of the aircraft producer's stock after acquiring an additional 12,641,715 shares during the period. Vanguard Group Inc. owned 8.59% of Boeing worth $11,406,361,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Sierra Ocean LLC bought a new position in shares of Boeing in the fourth quarter worth about $26,000. Sugar Maple Asset Management LLC bought a new position in Boeing in the 4th quarter worth approximately $27,000. Fiduciary Advisors Inc. acquired a new position in shares of Boeing during the fourth quarter worth approximately $28,000. HighMark Wealth Management LLC boosted its position in shares of Boeing by 121.6% in the fourth quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer's stock valued at $29,000 after acquiring an additional 90 shares during the period. Finally, Anfield Capital Management LLC grew its stake in shares of Boeing by 113.1% in the fourth quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer's stock worth $32,000 after acquiring an additional 95 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Boeing Price Performance

Shares of NYSE:BA traded up $0.63 during midday trading on Thursday, reaching $179.18. The company's stock had a trading volume of 4,763,835 shares, compared to its average volume of 8,619,522. The business's fifty day simple moving average is $173.95 and its 200-day simple moving average is $164.10. The Boeing Company has a fifty-two week low of $137.03 and a fifty-two week high of $196.95. The company has a market capitalization of $134.40 billion, a P/E ratio of -9.78 and a beta of 1.53.

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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 period in the prior year, the company earned ($0.47) EPS. On average, analysts forecast that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

BA has been the subject of several research analyst reports. Susquehanna upped their target price on shares of Boeing from $200.00 to $205.00 and gave the company a "positive" rating in a research note on Wednesday, January 29th. Citigroup increased their target price on shares of Boeing from $207.00 to $210.00 and gave the company a "buy" rating in a research note on Monday, February 10th. Royal Bank of Canada restated an "outperform" rating and set a $200.00 price target on shares of Boeing in a research note on Wednesday, January 29th. Melius upgraded Boeing from a "hold" rating to a "buy" rating in a research report on Monday. Finally, Wells Fargo & Company boosted their price objective on Boeing from $103.00 to $113.00 and gave the company an "underweight" rating in a research report on Monday, March 17th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $195.68.

Insiders Place Their Bets

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the business's stock in a transaction dated Thursday, February 20th. The stock was 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 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 can be accessed through the SEC website. Company insiders own 0.09% of the company's stock.

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.