The Boeing Company (NYSE:BA) Stake Boosted by Douglas Lane & Associates LLC

Douglas Lane & Associates LLC boosted its holdings in The Boeing Company (NYSE:BA) by 6.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 434,740 shares of the aircraft producer’s stock after purchasing an additional 26,042 shares during the quarter. Boeing makes up about 1.1% of Douglas Lane & Associates LLC’s investment portfolio, making the stock its 27th largest holding. Douglas Lane & Associates LLC owned about 0.07% of Boeing worth $76,949,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. increased its position in Boeing by 8.8% in 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. Principal Financial Group Inc. lifted its position in Boeing by 6.1% in the 3rd 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 during the last quarter. Jennison Associates LLC boosted its stake in Boeing by 9.9% during the 3rd 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 during the period. World Investment Advisors LLC grew its position in Boeing by 243.4% in the 3rd quarter. World Investment Advisors LLC now owns 5,381 shares of the aircraft producer’s stock worth $818,000 after purchasing an additional 3,814 shares during the last quarter. Finally, ING Groep NV bought a new position in Boeing in the 3rd quarter worth about $11,679,000. Institutional investors own 64.82% of the company’s stock.

Boeing Price Performance

BA stock traded up $0.66 on Wednesday, reaching $173.17. 3,298,769 shares of the company were exchanged, compared to its average volume of 8,854,653. The Boeing Company has a 12 month low of $137.03 and a 12 month high of $231.61. The stock’s fifty day moving average price is $160.22 and its 200 day moving average price is $165.27. The firm has a market capitalization of $107.05 billion, a PE ratio of -13.42 and a beta of 1.52.

Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The business had revenue of $17.84 billion during the quarter, compared to analysts’ expectations of $17.81 billion. The firm’s quarterly revenue was down 1.5% on a year-over-year basis. During the same period last year, the business posted ($3.26) earnings per share. As a group, research analysts expect that The Boeing Company will post -16.18 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on BA. Robert W. Baird lowered their price objective on shares of Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Susquehanna dropped their price objective on Boeing from $210.00 to $200.00 and set a “positive” rating on the stock in a research note on Thursday, October 24th. JPMorgan Chase & Co. decreased their target price on Boeing from $195.00 to $190.00 and set an “overweight” rating for the company in a research note on Monday, November 25th. Northcoast Research upgraded shares of Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. Finally, Wells Fargo & Company reduced their price objective on shares of Boeing from $86.00 to $85.00 and set an “underweight” rating for the company in a research report on Monday, November 4th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $192.21.

Boeing Company 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.