The Boeing Company (NYSE:BA) Shares Acquired by Davidson Investment Advisors

Davidson Investment Advisors lifted its position in shares of The Boeing Company (NYSE:BA) by 17.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 86,257 shares of the aircraft producer’s stock after purchasing an additional 13,039 shares during the quarter. Davidson Investment Advisors’ holdings in Boeing were worth $15,267,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. AdvisorNet Financial Inc increased its position in shares of Boeing by 54.2% during the 4th quarter. AdvisorNet Financial Inc now owns 2,021 shares of the aircraft producer’s stock worth $358,000 after purchasing an additional 710 shares during the last quarter. Rockefeller Capital Management L.P. increased its stake in shares of Boeing by 8.8% during the third quarter. Rockefeller Capital Management L.P. now owns 473,917 shares of the aircraft producer’s stock worth $72,075,000 after buying an additional 38,300 shares during the period. Carnegie Investment Counsel increased its stake in shares of Boeing by 175.6% during the fourth quarter. Carnegie Investment Counsel now owns 4,619 shares of the aircraft producer’s stock worth $818,000 after buying an additional 2,943 shares during the period. Principal Financial Group Inc. boosted its holdings in Boeing by 6.1% in the third quarter. Principal Financial Group Inc. now owns 666,244 shares of the aircraft producer’s stock valued at $101,296,000 after purchasing an additional 38,332 shares in the last quarter. Finally, Jennison Associates LLC boosted its holdings in Boeing by 9.9% in 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 purchasing an additional 602,143 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Trading Down 0.5 %

Shares of NYSE BA opened at $184.52 on Tuesday. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $208.10. The company has a market capitalization of $138.40 billion, a price-to-earnings ratio of -10.07 and a beta of 1.52. The business has a 50 day simple moving average of $174.96 and a 200-day simple moving average of $163.90.

Boeing (NYSE:BA) 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 quarter last year, the business posted ($0.47) earnings per share. As a group, equities analysts predict that The Boeing Company will post -2.3 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Morgan Stanley decreased their price target on Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft raised their price target on Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, January 2nd. Northcoast Research raised Boeing from a “sell” rating to a “neutral” rating in a research note on Thursday, December 12th. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 price target on shares of Boeing in a research note on Wednesday, January 29th. Finally, Citigroup raised 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. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $195.16.

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.