Charles Schwab Investment Management Inc. Increases Stake in The Boeing Company (NYSE:BA)

Charles Schwab Investment Management Inc. increased its stake in The Boeing Company (NYSE:BA) by 30.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 4,178,444 shares of the aircraft producer’s stock after buying an additional 981,796 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Boeing were worth $739,585,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of BA. Sierra Ocean LLC purchased a new position in shares of Boeing in the 4th quarter worth about $26,000. Sugar Maple Asset Management LLC purchased a new stake in shares of Boeing during the 4th quarter worth about $27,000. RPg Family Wealth Advisory LLC acquired a new stake in Boeing during the 3rd quarter worth approximately $28,000. Fiduciary Advisors Inc. purchased a new position in Boeing in the fourth quarter valued at approximately $28,000. Finally, HighMark Wealth Management LLC lifted its position in Boeing by 121.6% during the fourth quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock valued at $29,000 after buying an additional 90 shares in the last quarter. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of Boeing stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $180.69, for a total value of $570,799.71. Following the completion of the transaction, the executive vice president now directly owns 19,213 shares in the company, valued at $3,471,596.97. The trade was a 14.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.16% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research 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 report on Wednesday, January 29th. Susquehanna increased their price target on Boeing from $200.00 to $205.00 and gave the company a “positive” rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. boosted their price objective on Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. Barclays upgraded Boeing from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $190.00 to $210.00 in a research note on Monday, January 6th. Finally, UBS Group boosted their price target on Boeing from $208.00 to $217.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $195.16.

Boeing Stock Performance

NYSE:BA opened at $159.14 on Wednesday. The company has a market capitalization of $119.36 billion, a price-to-earnings ratio of -8.69 and a beta of 1.52. The Boeing Company has a one year low of $137.03 and a one year high of $203.80. The stock has a 50-day simple moving average of $176.32 and a 200 day simple moving average of $164.50.

Boeing (NYSE:BA) last issued its earnings results 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 period in the prior year, the business posted ($0.47) earnings per share. On average, equities research analysts forecast that The Boeing Company will post -2.58 EPS for the current fiscal year.

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.