Alan B Lancz & Associates Inc. Invests $209,000 in The Boeing Company (NYSE:BA)

Alan B Lancz & Associates Inc. bought a new position in The Boeing Company (NYSE:BA) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 800 shares of the aircraft producer’s stock, valued at approximately $209,000.

Several other institutional investors have also made changes to their positions in BA. Vanguard Group Inc. grew its position in Boeing by 0.8% during the third quarter. Vanguard Group Inc. now owns 47,609,508 shares of the aircraft producer’s stock valued at $9,125,790,000 after purchasing an additional 356,496 shares in the last quarter. Morgan Stanley grew its position in Boeing by 1.1% during the third quarter. Morgan Stanley now owns 8,362,267 shares of the aircraft producer’s stock valued at $1,602,880,000 after purchasing an additional 91,801 shares in the last quarter. Northern Trust Corp grew its position in Boeing by 3.2% during the third quarter. Northern Trust Corp now owns 4,951,181 shares of the aircraft producer’s stock valued at $949,042,000 after purchasing an additional 153,168 shares in the last quarter. Jennison Associates LLC purchased a new position in Boeing during the fourth quarter valued at approximately $960,397,000. Finally, Invesco Ltd. grew its position in Boeing by 30.1% during the third quarter. Invesco Ltd. now owns 3,279,421 shares of the aircraft producer’s stock valued at $628,599,000 after purchasing an additional 759,267 shares in the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Sanford C. Bernstein lowered their price objective on shares of Boeing from $272.00 to $240.00 and set an “outperform” rating on the stock in a research report on Monday, April 8th. Wells Fargo & Company reduced their target price on shares of Boeing from $225.00 to $215.00 and set an “equal weight” rating for the company in a research note on Thursday, February 1st. Benchmark reiterated a “buy” rating and issued a $250.00 target price on shares of Boeing in a research note on Tuesday, March 26th. Melius Research reiterated a “hold” rating on shares of Boeing in a research note on Monday, April 1st. Finally, Royal Bank of Canada reduced their target price on shares of Boeing from $225.00 to $215.00 and set an “outperform” rating for the company in a research note on Tuesday, April 16th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $222.41.

Boeing Trading Up 0.5 %

NYSE:BA traded up $0.94 during trading hours on Friday, hitting $179.79. 5,416,263 shares of the company traded hands, compared to its average volume of 8,228,397. The stock has a market capitalization of $110.37 billion, a price-to-earnings ratio of -50.64 and a beta of 1.54. The Boeing Company has a twelve month low of $159.70 and a twelve month high of $267.54. The firm has a 50-day moving average of $183.74 and a 200 day moving average of $205.91.

Boeing (NYSE:BA) last released its earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) EPS for the quarter, beating the consensus estimate of ($0.72) by $0.25. The company had revenue of $22.02 billion for the quarter, compared to analyst estimates of $21.14 billion. Boeing’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($1.75) earnings per share. Equities research analysts predict that The Boeing Company will post -0.18 earnings per share for the current fiscal year.

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.