O Shaughnessy Asset Management LLC Grows Stake in The Boeing Company (NYSE:BA)

O Shaughnessy Asset Management LLC boosted its position in shares of The Boeing Company (NYSE:BA) by 10.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 39,055 shares of the aircraft producer’s stock after purchasing an additional 3,643 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Boeing were worth $6,913,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Physician Wealth Advisors Inc. acquired a new stake in shares of Boeing in the fourth quarter valued at approximately $205,000. CIBC Private Wealth Group LLC grew its holdings in Boeing by 9.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 51,983 shares of the aircraft producer’s stock valued at $8,929,000 after buying an additional 4,436 shares during the last quarter. IPG Investment Advisors LLC purchased a new position in Boeing during the fourth quarter worth $223,000. California Public Employees Retirement System raised its holdings in shares of Boeing by 10.2% in the fourth quarter. California Public Employees Retirement System now owns 875,678 shares of the aircraft producer’s stock worth $154,995,000 after acquiring an additional 80,847 shares during the last quarter. Finally, Stage Harbor Financial LLC purchased a new stake in shares of Boeing in the fourth quarter valued at $215,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on BA. Barclays upgraded Boeing from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $190.00 to $210.00 in a research report on Monday, January 6th. Melius raised shares of Boeing from a “hold” rating to a “buy” rating in a research note on Monday, March 24th. Susquehanna lifted their target price on shares of Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a research note on Wednesday, January 29th. Citigroup increased their price target on Boeing from $207.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. Finally, Melius Research raised Boeing from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 24th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Boeing presently has an average rating of “Moderate Buy” and a consensus price target of $195.68.

Boeing Price Performance

Shares of NYSE BA opened at $167.92 on Wednesday. The Boeing Company has a 1-year low of $137.03 and a 1-year high of $196.95. The company has a market capitalization of $125.95 billion, a price-to-earnings ratio of -9.17 and a beta of 1.53. The business has a 50-day moving average of $173.82 and a 200-day moving average of $164.36.

Boeing (NYSE:BA) last issued its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same quarter in the prior year, the business earned ($0.47) EPS. Research analysts expect that The Boeing Company will post -2.58 EPS for the current fiscal year.

Insider Activity at Boeing

In related news, EVP Uma M. Amuluru sold 3,159 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $180.69, for a total value of $570,799.71. Following the completion of the transaction, the executive vice president now owns 19,213 shares of the company’s stock, valued at approximately $3,471,596.97. This represents a 14.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 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.