Fisher Asset Management LLC Increases Stake in The Boeing Company (NYSE:BA)

Fisher Asset Management LLC raised its holdings in shares of The Boeing Company (NYSE:BA) by 3.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,030,899 shares of the aircraft producer’s stock after buying an additional 164,042 shares during the period. Fisher Asset Management LLC owned about 0.81% of Boeing worth $890,469,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Terril Brothers Inc. purchased a new stake in Boeing during the fourth quarter valued at approximately $414,000. Cobblestone Capital Advisors LLC NY increased its holdings in Boeing by 4.9% during the fourth quarter. Cobblestone Capital Advisors LLC NY now owns 6,380 shares of the aircraft producer’s stock valued at $1,129,000 after buying an additional 300 shares during the last quarter. SVB Wealth LLC purchased a new stake in Boeing during the fourth quarter valued at approximately $2,052,000. Mutual of America Capital Management LLC increased its stake in shares of Boeing by 24.2% in the fourth quarter. Mutual of America Capital Management LLC now owns 89,430 shares of the aircraft producer’s stock worth $15,829,000 after purchasing an additional 17,448 shares in the last quarter. Finally, U S Global Investors Inc. increased its stake in shares of Boeing by 5.3% in the fourth quarter. U S Global Investors Inc. now owns 130,416 shares of the aircraft producer’s stock worth $23,084,000 after purchasing an additional 6,614 shares in the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on BA shares. Wells Fargo & Company increased their price objective on shares of Boeing from $85.00 to $103.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 29th. Citigroup increased their price objective on shares of Boeing from $207.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. Northcoast Research raised shares of Boeing from a “sell” rating to a “neutral” rating in a research note on Thursday, December 12th. UBS Group increased their price objective on shares of Boeing from $208.00 to $217.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. Finally, Susquehanna increased their price objective on shares of Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a research note on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Boeing presently has an average rating of “Moderate Buy” and a consensus price target of $195.16.

Boeing Stock Up 0.6 %

BA stock opened at $174.84 on Friday. The Boeing Company has a 52 week low of $137.03 and a 52 week high of $206.62. The company has a fifty day simple moving average of $176.87 and a two-hundred day simple moving average of $164.74. The firm has a market capitalization of $131.14 billion, a P/E ratio of -9.54 and a beta of 1.52.

Boeing (NYSE:BA) last released its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same quarter last year, the company posted ($0.47) EPS. As a group, analysts anticipate that The Boeing Company will post -2.58 EPS for the current year.

Insider Transactions at Boeing

In other news, EVP Uma M. Amuluru sold 3,159 shares of the firm’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $180.69, for a total value of $570,799.71. Following the completion of the sale, the executive vice president now owns 19,213 shares in the company, valued at approximately $3,471,596.97. This trade represents a 14.12 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.16% of the company’s stock.

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.