CIBC Asset Management Inc Raises Stock Position in The Boeing Company (NYSE:BA)

CIBC Asset Management Inc lifted its holdings in shares of The Boeing Company (NYSE:BAFree Report) by 33.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 119,470 shares of the aircraft producer’s stock after purchasing an additional 30,069 shares during the quarter. CIBC Asset Management Inc’s holdings in Boeing were worth $21,146,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Sierra Ocean LLC purchased a new position in Boeing in the 4th quarter valued at approximately $26,000. Sugar Maple Asset Management LLC acquired a new stake in shares of Boeing in the fourth quarter valued at $27,000. Fiduciary Advisors Inc. purchased a new position in Boeing in the fourth quarter valued at $28,000. RPg Family Wealth Advisory LLC acquired a new position in Boeing during the 3rd quarter worth $28,000. Finally, Heck Capital Advisors LLC purchased a new stake in Boeing during the 4th quarter worth about $33,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Citigroup boosted their price objective on Boeing from $207.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, January 2nd. Morgan Stanley reduced their price objective on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a report on Thursday, October 24th. Benchmark reiterated a “buy” rating and set a $250.00 target price on shares of Boeing in a research note on Thursday, October 24th. Finally, Wells Fargo & Company raised their price target on Boeing from $85.00 to $103.00 and gave the company an “underweight” rating in a research note on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Boeing presently has an average rating of “Moderate Buy” and an average target price of $195.16.

Read Our Latest Report on Boeing

Boeing Price Performance

BA stock opened at $184.52 on Tuesday. The company has a market cap of $138.40 billion, a price-to-earnings ratio of -10.07 and a beta of 1.52. The company has a fifty day moving average price of $174.96 and a 200 day moving average price of $163.90. The Boeing Company has a 12 month low of $137.03 and a 12 month high of $208.10.

Boeing (NYSE:BAGet Free Report) last announced its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same quarter last year, the firm earned ($0.47) EPS. As a group, analysts anticipate that The Boeing Company will post -2.3 earnings per share for the current year.

Boeing 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.

Further Reading

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.