Amundi Acquires 1,292,417 Shares of The Boeing Company (NYSE:BA)

Amundi lifted its holdings in The Boeing Company (NYSE:BA) by 473.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,565,337 shares of the aircraft producer’s stock after purchasing an additional 1,292,417 shares during the quarter. Amundi owned 0.25% of Boeing worth $268,862,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Naviter Wealth LLC lifted its position in shares of Boeing by 35.4% in the fourth quarter. Naviter Wealth LLC now owns 7,205 shares of the aircraft producer’s stock worth $1,275,000 after purchasing an additional 1,885 shares in the last quarter. Larson Financial Group LLC lifted its position in shares of Boeing by 1.7% in the fourth quarter. Larson Financial Group LLC now owns 16,597 shares of the aircraft producer’s stock worth $2,938,000 after purchasing an additional 273 shares in the last quarter. Blankinship & Foster LLC bought a new stake in shares of Boeing in the fourth quarter worth $268,000. Banco Santander S.A. lifted its position in shares of Boeing by 1.5% in the fourth quarter. Banco Santander S.A. now owns 79,674 shares of the aircraft producer’s stock worth $14,102,000 after purchasing an additional 1,195 shares in the last quarter. Finally, Edgestream Partners L.P. bought a new stake in shares of Boeing in the fourth quarter worth $6,918,000. Institutional investors own 64.82% of the company’s stock.

Boeing Trading Down 2.7 %

Boeing stock opened at $154.20 on Friday. The Boeing Company has a 12 month low of $137.03 and a 12 month high of $203.80. The stock’s 50 day moving average is $175.03 and its 200-day moving average is $164.22. The company has a market capitalization of $115.66 billion, a price-to-earnings ratio of -8.42 and a beta of 1.53.

Boeing (NYSE:BA) last posted its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same quarter in the prior year, the business earned ($0.47) earnings per share. As a group, equities research analysts predict that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

BA has been the topic of a number of research reports. Susquehanna boosted their price objective 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. Deutsche Bank Aktiengesellschaft upped their price target on shares of Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, January 2nd. Northcoast Research raised shares of Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. Barclays raised shares of Boeing from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $190.00 to $210.00 in a research report on Monday, January 6th. Finally, Citigroup upped their price target on shares of Boeing from $207.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Boeing has an average rating of “Moderate Buy” and a consensus target price of $195.16.

Insider Activity at Boeing

In related news, EVP Uma M. Amuluru sold 3,159 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $180.69, for a total value of $570,799.71. Following the completion of the sale, the executive vice president now directly owns 19,213 shares in the company, valued at approximately $3,471,596.97. The trade was a 14.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.16% of the stock is currently owned by corporate insiders.

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.