The Boeing Company (NYSE:BA) Shares Sold by Independent Investors Inc.

Independent Investors Inc. decreased its position in The Boeing Company (NYSE:BA) by 0.2% in the 4th quarter, Holdings Channel reports. The fund owned 30,561 shares of the aircraft producer’s stock after selling 60 shares during the period. Boeing accounts for 1.1% of Independent Investors Inc.’s holdings, making the stock its 13th biggest holding. Independent Investors Inc.’s holdings in Boeing were worth $5,409,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of BA. Van ECK Associates Corp grew its position in Boeing by 122.0% in the third quarter. Van ECK Associates Corp now owns 2,277,548 shares of the aircraft producer’s stock valued at $357,712,000 after acquiring an additional 1,251,456 shares in the last quarter. International Assets Investment Management LLC grew its position in 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 acquiring an additional 1,251,165 shares in the last quarter. Franklin Resources Inc. grew its position in shares of 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 in the last quarter. State Street Corp grew its position in shares of 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 in the last quarter. Finally, Jennison Associates LLC grew its position in shares of 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 buying an additional 602,143 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Susquehanna raised their price target on shares of Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a research report on Wednesday, January 29th. Royal Bank of Canada reissued an “outperform” rating and set a $200.00 price target on shares of Boeing in a research report on Wednesday, January 29th. Barclays raised shares of Boeing from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $190.00 to $210.00 in a research report on Monday, January 6th. Benchmark reissued a “buy” rating and set a $250.00 price target on shares of Boeing in a research report on Thursday, October 24th. Finally, Citigroup reduced their price objective on Boeing from $209.00 to $207.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Boeing currently has a consensus rating of “Moderate Buy” and a consensus price target of $195.00.

Boeing Stock Up 3.2 %

Shares of NYSE BA opened at $181.80 on Thursday. The Boeing Company has a fifty-two week low of $137.03 and a fifty-two week high of $213.77. The firm’s 50-day simple moving average is $170.47 and its 200 day simple moving average is $164.00. The stock has a market cap of $112.39 billion, a P/E ratio of -9.92 and a beta of 1.52.

Boeing (NYSE:BA) last issued its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same quarter last year, the company posted ($0.47) EPS. On average, sell-side analysts anticipate that The Boeing Company will post -2.12 earnings per share for the current fiscal year.

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.