Brown Brothers Harriman & Co. Acquires 14,381 Shares of The Boeing Company (NYSE:BA)

Brown Brothers Harriman & Co. boosted its holdings in shares of The Boeing Company (NYSE:BA) by 58.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 38,873 shares of the aircraft producer’s stock after buying an additional 14,381 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in Boeing were worth $6,881,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Boeing by 24.4% during the fourth quarter. Vanguard Group Inc. now owns 64,442,717 shares of the aircraft producer’s stock valued at $11,406,361,000 after purchasing an additional 12,641,715 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Boeing in the fourth quarter worth about $230,944,000. Amundi lifted its position in shares of Boeing by 473.6% during the 4th quarter. Amundi now owns 1,565,337 shares of the aircraft producer’s stock valued at $268,862,000 after buying an additional 1,292,417 shares in the last quarter. Burkehill Global Management LP bought a new position in shares of Boeing during the 4th quarter valued at approximately $212,400,000. Finally, Franklin Resources Inc. increased its holdings in Boeing by 1,296.3% in the 3rd quarter. Franklin Resources Inc. now owns 1,136,895 shares of the aircraft producer’s stock worth $169,386,000 after acquiring an additional 1,055,472 shares in the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Uma M. Amuluru sold 3,159 shares of Boeing stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $180.69, for a total transaction 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. This trade represents a 14.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.09% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Susquehanna lifted their price target on shares of Boeing from $200.00 to $205.00 and gave the company a “positive” rating in a report on Wednesday, January 29th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $200.00 target price on shares of Boeing in a report on Wednesday, January 29th. UBS Group increased their price target on Boeing from $208.00 to $217.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. Wells Fargo & Company boosted their price objective on Boeing from $103.00 to $113.00 and gave the company an “underweight” rating in a research report on Monday, March 17th. Finally, Barclays upgraded Boeing from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $190.00 to $210.00 in a research report on Monday, January 6th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $195.68.

Boeing Trading Down 3.4 %

BA opened at $172.98 on Friday. The Boeing Company has a 12 month low of $137.03 and a 12 month high of $196.95. The stock has a 50-day moving average of $173.98 and a 200 day moving average of $164.20. The firm has a market cap of $129.74 billion, a P/E ratio of -9.44 and a beta of 1.53.

Boeing (NYSE:BA) last released its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same quarter in the previous year, the company earned ($0.47) earnings per share. On average, research analysts forecast that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Boeing 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.