Farmers & Merchants Investments Inc. Increases Holdings in The Boeing Company (NYSE:BA)

Farmers & Merchants Investments Inc. boosted its holdings in shares of The Boeing Company (NYSE:BAFree Report) by 0.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,389 shares of the aircraft producer’s stock after purchasing an additional 90 shares during the period. Farmers & Merchants Investments Inc.’s holdings in Boeing were worth $2,969,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of BA. United Bank boosted its position in Boeing by 4.7% during the 1st quarter. United Bank now owns 5,036 shares of the aircraft producer’s stock valued at $964,000 after acquiring an additional 226 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its position in Boeing by 1,064.4% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 850 shares of the aircraft producer’s stock valued at $163,000 after acquiring an additional 777 shares in the last quarter. Panagora Asset Management Inc. boosted its position in Boeing by 68.0% during the 1st quarter. Panagora Asset Management Inc. now owns 7,111 shares of the aircraft producer’s stock valued at $1,362,000 after acquiring an additional 2,879 shares in the last quarter. Prudential PLC bought a new stake in Boeing during the 1st quarter valued at approximately $836,000. Finally, Dakota Wealth Management boosted its position in Boeing by 26.7% during the 1st quarter. Dakota Wealth Management now owns 2,127 shares of the aircraft producer’s stock valued at $408,000 after acquiring an additional 448 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Analyst Ratings Changes

BA has been the topic of a number of analyst reports. Citigroup dropped their price target on Boeing from $263.00 to $252.00 and set a “buy” rating on the stock in a research report on Thursday, March 28th. William Blair initiated coverage on Boeing in a research report on Tuesday, December 12th. They issued an “outperform” rating on the stock. The Goldman Sachs Group dropped their price target on Boeing from $268.00 to $257.00 and set a “buy” rating on the stock in a research report on Monday, March 25th. Melius reissued a “hold” rating on shares of Boeing in a research report on Monday. Finally, UBS Group cut their target price on Boeing from $275.00 to $250.00 and set a “buy” rating on the stock in a research note on Thursday, March 21st. Nine research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $241.53.

Check Out Our Latest Stock Report on Boeing

Boeing Stock Down 0.7 %

Shares of Boeing stock opened at $188.17 on Wednesday. The stock’s fifty day moving average is $198.80 and its 200 day moving average is $209.32. The Boeing Company has a one year low of $176.25 and a one year high of $267.54.

Boeing (NYSE:BAGet Free Report) last posted its quarterly earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) EPS for the quarter, beating analysts’ consensus estimates of ($0.72) by $0.25. The business had revenue of $22.02 billion for the quarter, compared to the consensus estimate of $21.14 billion. Boeing’s revenue was up 10.2% compared to the same quarter last year. During the same period in the prior year, the business earned ($1.75) earnings per share. On average, equities analysts expect that The Boeing Company will post 1 earnings per share for the current fiscal year.

About Boeing

(Free Report)

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.

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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