Vontobel Holding Ltd. Reduces Stock Holdings in The Boeing Company (NYSE:BA)

Vontobel Holding Ltd. trimmed its stake in The Boeing Company (NYSE:BA - Free Report) by 10.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,833 shares of the aircraft producer's stock after selling 2,343 shares during the quarter. Vontobel Holding Ltd.'s holdings in Boeing were worth $3,510,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Van ECK Associates Corp boosted its position in shares of Boeing by 122.0% during the third quarter. Van ECK Associates Corp now owns 2,277,548 shares of the aircraft producer's stock valued at $357,712,000 after buying an additional 1,251,456 shares during the last quarter. International Assets Investment Management LLC boosted its position in shares of Boeing by 289.8% during the third quarter. International Assets Investment Management LLC now owns 1,682,970 shares of the aircraft producer's stock valued at $2,558,790,000 after buying an additional 1,251,165 shares during the last quarter. Franklin Resources Inc. boosted its position in shares of Boeing by 1,296.3% during the third quarter. Franklin Resources Inc. now owns 1,136,895 shares of the aircraft producer's stock valued at $169,386,000 after buying an additional 1,055,472 shares during the last quarter. State Street Corp boosted its position in shares of Boeing by 2.3% during the third quarter. State Street Corp now owns 27,778,195 shares of the aircraft producer's stock valued at $4,223,397,000 after buying an additional 636,594 shares during the last quarter. Finally, Jennison Associates LLC boosted its position in shares of Boeing by 9.9% during the third quarter. Jennison Associates LLC now owns 6,700,706 shares of the aircraft producer's stock valued at $1,018,775,000 after buying an additional 602,143 shares during the last quarter. 64.82% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Sanford C. Bernstein cut Boeing from an "outperform" rating to a "market perform" rating and dropped their price objective for the company from $195.00 to $169.00 in a research report on Wednesday, October 30th. Citigroup raised their target price on Boeing from $207.00 to $210.00 and gave the stock a "buy" rating in a research report on Monday, February 10th. Morgan Stanley dropped their target price on Boeing from $195.00 to $170.00 and set an "equal weight" rating on the stock in a research report on Thursday, October 24th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $200.00 price objective on shares of Boeing in a research note on Wednesday, January 29th. Finally, Barclays raised Boeing from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $190.00 to $210.00 in a research note on Monday, January 6th. 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $195.16.

Boeing Stock Performance

NYSE:BA traded up $1.23 during trading hours on Wednesday, reaching $186.20. The stock had a trading volume of 7,256,834 shares, compared to its average volume of 7,752,931. The Boeing Company has a 52 week low of $137.03 and a 52 week high of $208.10. The company has a 50 day moving average price of $176.32 and a two-hundred day moving average price of $164.20. The stock has a market capitalization of $139.66 billion, a PE ratio of -10.16 and a beta of 1.52.

Boeing (NYSE:BA - Get Free Report) last released its quarterly earnings data 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 last year, the company earned ($0.47) earnings per share. Equities research analysts predict that The Boeing Company will post -2.32 EPS for the current year.

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.