Cibc World Market Inc. Boosts Stake in The Boeing Company (NYSE:BA)

Cibc World Market Inc. boosted its holdings in The Boeing Company (NYSE:BA) by 69.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 148,782 shares of the aircraft producer’s stock after acquiring an additional 60,953 shares during the quarter. Cibc World Market Inc.’s holdings in Boeing were worth $26,334,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. State Street Corp lifted its stake in shares of Boeing by 2.3% in 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 purchasing an additional 636,594 shares during the period. Geode Capital Management LLC lifted its position in shares of Boeing by 2.8% during the 3rd quarter. Geode Capital Management LLC now owns 11,719,794 shares of the aircraft producer’s stock valued at $1,774,705,000 after acquiring an additional 320,415 shares during the period. Jennison Associates LLC boosted its stake in shares of Boeing by 9.9% during the 3rd 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. Fisher Asset Management LLC grew its holdings in shares of Boeing by 6.0% in the 3rd quarter. Fisher Asset Management LLC now owns 4,866,857 shares of the aircraft producer’s stock worth $739,957,000 after acquiring an additional 277,350 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in Boeing by 1.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,196,648 shares of the aircraft producer’s stock valued at $486,018,000 after purchasing an additional 48,637 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Wall Street Analyst Weigh In

BA has been the topic of a number of research analyst reports. Morgan Stanley decreased 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. Barclays raised shares of Boeing from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $190.00 to $210.00 in a research note on Monday, January 6th. Sanford C. Bernstein cut shares of Boeing from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $195.00 to $169.00 in a research report on Wednesday, October 30th. Benchmark reiterated a “buy” rating and issued a $250.00 price target on shares of Boeing in a research report on Thursday, October 24th. Finally, TD Cowen cut their price objective on Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $195.00.

Boeing Price Performance

NYSE BA opened at $176.26 on Friday. The company has a market cap of $108.96 billion, a P/E ratio of -9.62 and a beta of 1.52. The Boeing Company has a 12 month low of $137.03 and a 12 month high of $214.63. The company has a 50-day moving average of $168.96 and a 200-day moving average of $164.37.

Boeing (NYSE:BA) last issued its quarterly 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 period in the previous year, the business earned ($0.47) EPS. As a group, equities research analysts anticipate that The Boeing Company will post -1.61 EPS for the current year.

About Boeing

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.