The Boeing Company (NYSE:BA) Shares Purchased by Tandem Capital Management Corp ADV

Tandem Capital Management Corp ADV lifted its stake in The Boeing Company (NYSE:BA) by 65.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,815 shares of the aircraft producer’s stock after acquiring an additional 5,451 shares during the period. Boeing accounts for approximately 1.3% of Tandem Capital Management Corp ADV’s holdings, making the stock its 24th biggest position. Tandem Capital Management Corp ADV’s holdings in Boeing were worth $2,445,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Van ECK Associates Corp boosted its stake in Boeing by 122.0% during the 3rd quarter. Van ECK Associates Corp now owns 2,277,548 shares of the aircraft producer’s stock worth $357,712,000 after acquiring an additional 1,251,456 shares during the last quarter. International Assets Investment Management LLC raised its holdings in shares of Boeing by 289.8% in 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 purchasing an additional 1,251,165 shares during the last quarter. Franklin Resources Inc. increased its holdings in Boeing by 1,296.3% during the third quarter. Franklin Resources Inc. now owns 1,136,895 shares of the aircraft producer’s stock worth $169,386,000 after buying an additional 1,055,472 shares during the last quarter. State Street Corp increased its holdings in Boeing by 2.3% during the third quarter. State Street Corp now owns 27,778,195 shares of the aircraft producer’s stock worth $4,223,397,000 after buying an additional 636,594 shares during the last quarter. Finally, Jennison Associates LLC boosted its position in Boeing by 9.9% during the third quarter. Jennison Associates LLC now owns 6,700,706 shares of the aircraft producer’s stock worth $1,018,775,000 after purchasing an additional 602,143 shares during the period. 64.82% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on BA shares. JPMorgan Chase & Co. upped their price objective on Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. Northcoast Research upgraded Boeing from a “sell” rating to a “neutral” rating in a report on Thursday, December 12th. Robert W. Baird cut their price target on Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Citigroup lowered their price target on Boeing from $209.00 to $207.00 and set a “buy” rating for the company in a research report on Friday, January 24th. Finally, Barclays raised Boeing from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $190.00 to $210.00 in a research report on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $195.00.

Boeing Price Performance

BA stock opened at $175.95 on Tuesday. The business has a 50 day simple moving average of $169.50 and a 200-day simple moving average of $164.05. The firm has a market capitalization of $108.77 billion, a PE ratio of -9.60 and a beta of 1.52. The Boeing Company has a 1 year low of $137.03 and a 1 year high of $213.77.

Boeing (NYSE:BA) last posted its quarterly earnings results 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 firm posted ($0.47) earnings per share. On average, equities research analysts expect that The Boeing Company will post -2.12 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.