The Boeing Company (NYSE:BA) Stock Holdings Increased by Bedell Frazier Investment Counselling LLC

Bedell Frazier Investment Counselling LLC lifted its position in The Boeing Company (NYSE:BA) by 41.3% in the 3rd quarter, Holdings Channel.com reports. The fund owned 11,194 shares of the aircraft producer’s stock after acquiring an additional 3,274 shares during the period. Bedell Frazier Investment Counselling LLC’s holdings in Boeing were worth $1,702,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. Earnest Partners LLC lifted its holdings in Boeing by 5.8% in the first quarter. Earnest Partners LLC now owns 2,106 shares of the aircraft producer’s stock worth $406,000 after acquiring an additional 116 shares during the last quarter. Waverly Advisors LLC lifted its holdings in shares of Boeing by 37.2% in the 1st quarter. Waverly Advisors LLC now owns 11,649 shares of the aircraft producer’s stock worth $2,248,000 after purchasing an additional 3,160 shares during the last quarter. Janus Henderson Group PLC grew its stake in Boeing by 21.3% during the 1st quarter. Janus Henderson Group PLC now owns 93,046 shares of the aircraft producer’s stock worth $17,948,000 after buying an additional 16,342 shares during the last quarter. Industrial Alliance Investment Management Inc. grew its stake in Boeing by 11.2% during the 1st quarter. Industrial Alliance Investment Management Inc. now owns 2,391 shares of the aircraft producer’s stock worth $461,000 after buying an additional 240 shares during the last quarter. Finally, Elkhorn Partners Limited Partnership increased its position in Boeing by 29.8% in the first quarter. Elkhorn Partners Limited Partnership now owns 2,830 shares of the aircraft producer’s stock worth $546,000 after buying an additional 650 shares during the period. 64.82% of the stock is currently owned by institutional investors.

Boeing Price Performance

NYSE:BA opened at $149.29 on Monday. The Boeing Company has a 12-month low of $137.03 and a 12-month high of $267.54. The firm has a 50-day moving average price of $151.70 and a 200 day moving average price of $168.27.

Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The company had revenue of $17.84 billion for the quarter, compared to analysts’ expectations of $17.81 billion. During the same period in the previous year, the business earned ($3.26) earnings per share. The firm’s quarterly revenue was down 1.5% on a year-over-year basis. As a group, equities analysts anticipate that The Boeing Company will post -16.2 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. The Goldman Sachs Group dropped their price target on shares of Boeing from $232.00 to $202.00 and set a “buy” rating on the stock in a research note on Tuesday, September 24th. Robert W. Baird cut their target price on Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 price target on shares of Boeing in a research note on Wednesday, October 30th. Morgan Stanley cut their price objective on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 24th. Finally, Susquehanna decreased their target price on shares of Boeing from $210.00 to $200.00 and set a “positive” rating for the company in a research report on Thursday, October 24th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $190.37.

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.