S. R. Schill & Associates Raises Stake in The Boeing Company (NYSE:BA)

S. R. Schill & Associates increased its stake in shares of The Boeing Company (NYSE:BA) by 6.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,337 shares of the aircraft producer’s stock after buying an additional 210 shares during the period. Boeing comprises about 0.5% of S. R. Schill & Associates’ holdings, making the stock its 17th biggest position. S. R. Schill & Associates’ holdings in Boeing were worth $591,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. AdvisorNet Financial Inc increased its holdings in Boeing by 54.2% in the 4th quarter. AdvisorNet Financial Inc now owns 2,021 shares of the aircraft producer’s stock worth $358,000 after acquiring an additional 710 shares during the last quarter. Carnegie Investment Counsel increased its stake in shares of Boeing by 175.6% in the fourth quarter. Carnegie Investment Counsel now owns 4,619 shares of the aircraft producer’s stock worth $818,000 after purchasing an additional 2,943 shares in the last quarter. Rockefeller Capital Management L.P. raised its position in shares of Boeing by 8.8% in the third quarter. Rockefeller Capital Management L.P. now owns 473,917 shares of the aircraft producer’s stock valued at $72,075,000 after purchasing an additional 38,300 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Boeing by 6.1% during the 3rd quarter. Principal Financial Group Inc. now owns 666,244 shares of the aircraft producer’s stock valued at $101,296,000 after buying an additional 38,332 shares in the last quarter. Finally, Jennison Associates LLC boosted its holdings in Boeing by 9.9% in the 3rd quarter. Jennison Associates LLC now owns 6,700,706 shares of the aircraft producer’s stock worth $1,018,775,000 after buying an additional 602,143 shares during the period. Institutional investors own 64.82% of the company’s stock.

Boeing Stock Performance

BA stock opened at $175.09 on Tuesday. The firm has a market cap of $108.24 billion, a P/E ratio of -13.57 and a beta of 1.52. The firm’s fifty day moving average is $166.42 and its 200 day moving average is $164.29. The Boeing Company has a 52 week low of $137.03 and a 52 week high of $214.63.

Analyst Ratings Changes

A number of equities research analysts have issued reports on BA shares. Citigroup lowered their target price on shares of Boeing from $209.00 to $207.00 and set a “buy” rating on the stock in a report on Friday. DZ Bank cut Boeing from a “buy” rating to a “hold” rating and set a $152.00 price objective on the stock. in a report on Tuesday, October 15th. Barclays raised Boeing from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $190.00 to $210.00 in a report on Monday, January 6th. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 price target on shares of Boeing in a report on Wednesday, October 30th. Finally, Northcoast Research raised shares of Boeing from a “sell” rating to a “neutral” rating in a research note on Thursday, December 12th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Boeing presently has a consensus rating of “Moderate Buy” and an average target price of $192.11.

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.