Intech Investment Management LLC Has $46.63 Million Stock Position in The Boeing Company (NYSE:BA)

Intech Investment Management LLC grew its stake in shares of The Boeing Company (NYSE:BA) by 11.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 178,890 shares of the aircraft producer’s stock after buying an additional 18,487 shares during the quarter. Boeing makes up 0.7% of Intech Investment Management LLC’s holdings, making the stock its 21st biggest holding. Intech Investment Management LLC’s holdings in Boeing were worth $46,629,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. Evolution Advisers Inc. bought a new position in shares of Boeing in the 4th quarter worth $28,000. DiNuzzo Private Wealth Inc. purchased a new stake in Boeing in the 4th quarter worth approximately $28,000. Naples Money Management LLC purchased a new position in shares of Boeing during the fourth quarter worth about $44,000. M&R Capital Management Inc. raised its position in Boeing by 35.0% during the fourth quarter. M&R Capital Management Inc. now owns 193 shares of the aircraft producer’s stock valued at $50,000 after purchasing an additional 50 shares in the last quarter. Finally, Keener Financial Planning LLC purchased a new stake in shares of Boeing in the 4th quarter valued at $52,000. 64.82% of the stock is currently owned by institutional investors.

Boeing Price Performance

NYSE BA traded up $2.31 during midday trading on Friday, hitting $174.52. 9,489,380 shares of the company traded hands, compared to its average volume of 6,679,203. The Boeing Company has a 52 week low of $159.70 and a 52 week high of $267.54. The company’s 50-day simple moving average is $179.01 and its 200-day simple moving average is $205.53. The company has a market cap of $107.13 billion, a PE ratio of -49.16 and a beta of 1.54.

Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, April 24th. The aircraft producer reported ($1.13) EPS for the quarter, beating the consensus estimate of ($1.43) by $0.30. The company had revenue of $16.57 billion during the quarter, compared to analysts’ expectations of $17.69 billion. On average, research analysts predict that The Boeing Company will post -1.11 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on BA. TD Cowen cut their price objective on Boeing from $275.00 to $230.00 and set an “outperform” rating on the stock in a research report on Monday, March 25th. The Goldman Sachs Group dropped their price target on shares of Boeing from $268.00 to $257.00 and set a “buy” rating on the stock in a report on Monday, March 25th. Wells Fargo & Company decreased their price objective on shares of Boeing from $225.00 to $215.00 and set an “equal weight” rating for the company in a report on Thursday, February 1st. Citigroup cut their price objective on shares of Boeing from $252.00 to $224.00 and set a “buy” rating for the company in a research report on Thursday, April 25th. Finally, Barclays dropped their price objective on Boeing from $235.00 to $190.00 and set an “equal weight” rating for the company in a research note on Monday, April 22nd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $221.24.

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.