Farmers & Merchants Investments Inc. Increases Position in The Boeing Company (NYSE:BA)

Farmers & Merchants Investments Inc. increased its stake in shares of The Boeing Company (NYSE:BAFree Report) by 0.8% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 11,389 shares of the aircraft producer’s stock after buying an additional 90 shares during the quarter. Farmers & Merchants Investments Inc.’s holdings in Boeing were worth $2,969,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in shares of Boeing by 0.8% during 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 last quarter. State Street Corp grew its holdings in shares of Boeing by 1.5% during the second quarter. State Street Corp now owns 26,416,857 shares of the aircraft producer’s stock valued at $5,578,184,000 after buying an additional 392,811 shares during the last quarter. Moneta Group Investment Advisors LLC boosted its holdings in Boeing by 109,667.8% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 16,055,730 shares of the aircraft producer’s stock valued at $3,058,456,000 after purchasing an additional 16,041,103 shares during the last quarter. Morgan Stanley boosted its holdings in Boeing by 1.1% in the third quarter. Morgan Stanley now owns 8,362,267 shares of the aircraft producer’s stock valued at $1,602,880,000 after purchasing an additional 91,801 shares during the last quarter. Finally, Nuveen Asset Management LLC boosted its holdings in Boeing by 7.9% in the second quarter. Nuveen Asset Management LLC now owns 6,200,798 shares of the aircraft producer’s stock valued at $1,309,361,000 after purchasing an additional 452,721 shares during the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Boeing Stock Performance

BA opened at $188.17 on Wednesday. The Boeing Company has a twelve month low of $176.25 and a twelve month high of $267.54. The company has a 50-day moving average price of $198.80 and a 200 day moving average price of $209.32.

Boeing (NYSE:BAGet Free Report) last released its quarterly earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share for the quarter, topping the consensus estimate of ($0.72) by $0.25. The company had revenue of $22.02 billion for the quarter, compared to analyst estimates of $21.14 billion. During the same quarter last year, the company earned ($1.75) EPS. The firm’s revenue for the quarter was up 10.2% on a year-over-year basis. As a group, equities analysts forecast that The Boeing Company will post 1 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Bank of America lowered their price target on shares of Boeing from $225.00 to $210.00 and set a “neutral” rating on the stock in a report on Thursday, March 21st. Northcoast Research lowered shares of Boeing from a “buy” rating to a “neutral” rating in a report on Friday, February 23rd. The Goldman Sachs Group lowered 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. Barclays upped their price target on shares of Boeing from $210.00 to $235.00 and gave the company an “equal weight” rating in a report on Wednesday, December 6th. Finally, Citigroup lowered their price target on shares of Boeing from $263.00 to $252.00 and set a “buy” rating on the stock in a report on Thursday, March 28th. Nine investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, Boeing has an average rating of “Moderate Buy” and an average target price of $241.53.

Get Our Latest Stock Analysis on BA

Boeing Company Profile

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding BA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Boeing Company (NYSE:BAFree Report).

Institutional Ownership by Quarter for Boeing (NYSE:BA)

Receive News & Ratings for Boeing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boeing and related companies with MarketBeat.com's FREE daily email newsletter.