44,278 Shares in The Boeing Company (NYSE:BA) Acquired by Bank Pictet & Cie Europe AG

Bank Pictet & Cie Europe AG acquired a new position in The Boeing Company (NYSE:BA) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 44,278 shares of the aircraft producer’s stock, valued at approximately $7,837,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sugar Maple Asset Management LLC acquired a new position in shares of Boeing in the fourth quarter worth approximately $27,000. Fiduciary Advisors Inc. acquired a new position in Boeing in the fourth quarter valued at approximately $28,000. RPg Family Wealth Advisory LLC acquired a new position in Boeing in the third quarter valued at approximately $28,000. Heck Capital Advisors LLC acquired a new position in Boeing in the fourth quarter valued at approximately $33,000. Finally, Keystone Financial Group Inc. acquired a new position in Boeing in the fourth quarter valued at approximately $34,000. 64.82% of the stock is owned by institutional investors and hedge funds.

Boeing Trading Down 0.5 %

Shares of Boeing stock opened at $184.52 on Friday. The stock has a fifty day simple moving average of $174.35 and a 200 day simple moving average of $164.25. The Boeing Company has a 12-month low of $137.03 and a 12-month high of $208.10. The company has a market capitalization of $138.40 billion, a P/E ratio of -10.07 and a beta of 1.52.

Boeing (NYSE:BA) last announced its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same period last year, the company posted ($0.47) earnings per share. On average, analysts predict that The Boeing Company will post -2.3 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on BA shares. Susquehanna boosted their price target on Boeing from $200.00 to $205.00 and gave the company a “positive” rating in a research note on Wednesday, January 29th. Morgan Stanley dropped their price target on Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 24th. Citigroup boosted their price target on Boeing from $207.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, February 10th. UBS Group boosted their price target on Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Finally, Sanford C. Bernstein downgraded Boeing from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $195.00 to $169.00 in a report on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Boeing has an average rating of “Moderate Buy” and an average 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.