Flputnam Investment Management Co. Grows Stock Position in The Boeing Company (NYSE:BA)

Flputnam Investment Management Co. lifted its stake in shares of The Boeing Company (NYSE:BA) by 14.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 3,361 shares of the aircraft producer’s stock after buying an additional 414 shares during the quarter. Flputnam Investment Management Co.’s holdings in Boeing were worth $876,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the stock. Moneta Group Investment Advisors LLC raised its position in Boeing by 109,667.8% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 16,055,730 shares of the aircraft producer’s stock worth $3,058,456,000 after acquiring an additional 16,041,103 shares in the last quarter. Barclays PLC raised its position in Boeing by 599.0% in the second quarter. Barclays PLC now owns 1,522,410 shares of the aircraft producer’s stock worth $321,475,000 after acquiring an additional 1,827,485 shares in the last quarter. Lazard Asset Management LLC raised its position in Boeing by 8,961.2% in the third quarter. Lazard Asset Management LLC now owns 1,161,461 shares of the aircraft producer’s stock worth $222,628,000 after acquiring an additional 1,148,643 shares in the last quarter. Morgan Stanley raised its position in Boeing by 11.7% in the fourth quarter. Morgan Stanley now owns 8,321,871 shares of the aircraft producer’s stock worth $1,585,234,000 after acquiring an additional 872,795 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in Boeing by 30.1% in 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 during the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Wall Street Analysts Forecast Growth

BA has been the topic of several research reports. UBS Group lowered their target price on Boeing from $275.00 to $250.00 and set a “buy” rating on the stock in a report on Thursday, March 21st. Morgan Stanley lowered their target price on Boeing from $235.00 to $180.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 10th. Citigroup lowered their target price on Boeing from $263.00 to $252.00 and set a “buy” rating on the stock in a report on Thursday, March 28th. Susquehanna lowered their target price on Boeing from $265.00 to $230.00 and set a “positive” rating on the stock in a report on Thursday, March 21st. Finally, Northcoast Research cut Boeing from a “neutral” rating to a “sell” rating and set a $140.00 price objective for the company. in a research report on Wednesday. One analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, Boeing currently has a consensus rating of “Moderate Buy” and an average price target of $229.35.

Boeing Price Performance

BA opened at $170.19 on Thursday. The stock has a market capitalization of $103.84 billion, a price-to-earnings ratio of -46.25, a price-to-earnings-growth ratio of 114.53 and a beta of 1.52. The business has a 50-day moving average of $191.86 and a two-hundred day moving average of $207.54. The Boeing Company has a 12 month low of $167.53 and a 12 month high of $267.54.

Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share for the quarter, beating the consensus estimate of ($0.72) by $0.25. The firm had revenue of $22.02 billion during the quarter, compared to analyst estimates of $21.14 billion. The business’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same period in the prior year, the firm earned ($1.75) earnings per share. Equities research analysts anticipate that The Boeing Company will post 0.37 earnings per share for the current 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.