Searle & CO. Grows Stock Position in The Boeing Company (NYSE:BA)

Searle & CO. grew its holdings in The Boeing Company (NYSE:BA) by 0.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 10,963 shares of the aircraft producer’s stock after buying an additional 100 shares during the quarter. Searle & CO.’s holdings in Boeing were worth $2,858,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Boeing by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 47,609,508 shares of the aircraft producer’s stock worth $9,125,790,000 after acquiring an additional 356,496 shares during the last quarter. Morgan Stanley raised its stake in Boeing by 1.1% during the third quarter. Morgan Stanley now owns 8,362,267 shares of the aircraft producer’s stock worth $1,602,880,000 after purchasing an additional 91,801 shares during the period. Northern Trust Corp boosted its holdings in Boeing by 3.2% in the 3rd 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 during the last quarter. Jennison Associates LLC acquired a new position in Boeing in the 4th quarter valued at about $960,397,000. Finally, Invesco Ltd. increased its holdings in shares of Boeing by 30.1% during the 3rd quarter. Invesco Ltd. now owns 3,279,421 shares of the aircraft producer’s stock worth $628,599,000 after buying an additional 759,267 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Boeing Stock Performance

NYSE BA traded up $3.62 on Wednesday, reaching $171.46. The stock had a trading volume of 6,178,067 shares, compared to its average volume of 9,674,207. The stock has a market cap of $105.26 billion, a P/E ratio of -47.57 and a beta of 1.52. The business’s 50-day moving average price is $185.21 and its 200 day moving average price is $206.38. The Boeing Company has a 12-month low of $159.70 and a 12-month high of $267.54.

Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.72) by $0.25. The business had revenue of $22.02 billion for the quarter, compared to analysts’ expectations of $21.14 billion. During the same period in the previous year, the business posted ($1.75) earnings per share. The company’s revenue for the quarter was up 10.2% on a year-over-year basis. On average, sell-side analysts predict that The Boeing Company will post -0.29 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on BA. JPMorgan Chase & Co. lowered their price objective on Boeing from $230.00 to $210.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. Deutsche Bank Aktiengesellschaft cut their price objective on Boeing from $240.00 to $225.00 and set a “buy” rating for the company in a research report on Thursday, April 25th. Royal Bank of Canada decreased their target price on shares of Boeing from $225.00 to $215.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 16th. The Goldman Sachs Group dropped their price target on shares of Boeing from $268.00 to $257.00 and set a “buy” rating for the company in a research report on Monday, March 25th. Finally, Morgan Stanley lowered their price objective on shares of Boeing from $235.00 to $180.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 10th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $222.41.

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.