Frazier Financial Advisors LLC Buys New Shares in The Boeing Company (NYSE:BA)

Frazier Financial Advisors LLC acquired a new position in shares of The Boeing Company (NYSE:BA) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 316 shares of the aircraft producer’s stock, valued at approximately $82,000.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in Boeing by 0.8% in 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 buying an additional 356,496 shares during the period. Morgan Stanley lifted its holdings in shares of Boeing by 1.1% during the 3rd quarter. Morgan Stanley now owns 8,362,267 shares of the aircraft producer’s stock valued at $1,602,880,000 after acquiring an additional 91,801 shares in the last quarter. Northern Trust Corp boosted its position in Boeing by 3.2% during the 3rd quarter. Northern Trust Corp now owns 4,951,181 shares of the aircraft producer’s stock worth $949,042,000 after purchasing an additional 153,168 shares during the period. Jennison Associates LLC purchased a new position in Boeing in the fourth quarter valued at about $960,397,000. Finally, Invesco Ltd. lifted its stake in shares of Boeing by 30.1% during the third quarter. Invesco Ltd. now owns 3,279,421 shares of the aircraft producer’s stock worth $628,599,000 after purchasing an additional 759,267 shares in the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

Boeing Stock Performance

Shares of NYSE:BA traded down $9.79 during mid-day trading on Thursday, hitting $176.49. The stock had a trading volume of 8,064,447 shares, compared to its average volume of 9,072,447. The Boeing Company has a 12-month low of $159.70 and a 12-month high of $267.54. The company has a market cap of $108.34 billion, a PE ratio of -49.27 and a beta of 1.54. The company’s 50 day moving average is $179.36 and its 200-day moving average is $205.80.

Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, April 24th. The aircraft producer reported ($1.13) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.43) by $0.30. The business had revenue of $16.57 billion for the quarter, compared to analysts’ expectations of $17.69 billion. On average, equities research analysts predict that The Boeing Company will post -0.6 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on BA. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Boeing from $240.00 to $225.00 and set a “buy” rating on the stock in a research note on Thursday, April 25th. UBS Group reduced their price objective on shares of Boeing from $275.00 to $250.00 and set a “buy” rating on the stock in a research note on Thursday, March 21st. Bank of America dropped their target price on shares of Boeing from $210.00 to $190.00 and set a “neutral” rating for the company in a research report on Thursday, April 11th. Northcoast Research downgraded Boeing from a “neutral” rating to a “sell” rating and set a $140.00 price target for the company. in a research note on Wednesday, April 17th. Finally, Susquehanna reaffirmed a “positive” rating and set a $230.00 target price on shares of Boeing in a report on Wednesday, May 15th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Boeing presently has a consensus rating of “Hold” and an average target price of $221.24.

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.