ING Groep NV Purchases 137,554 Shares of The Boeing Company (NYSE:BA)

ING Groep NV lifted its position in shares of The Boeing Company (NYSE:BA) by 179.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 214,367 shares of the aircraft producer’s stock after acquiring an additional 137,554 shares during the period. ING Groep NV’s holdings in Boeing were worth $37,943,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Chaney Capital Management Inc. boosted its stake in shares of Boeing by 2.1% during the fourth quarter. Chaney Capital Management Inc. now owns 2,870 shares of the aircraft producer’s stock valued at $508,000 after purchasing an additional 58 shares in the last quarter. Farmers & Merchants Investments Inc. boosted its stake in Boeing by 0.6% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 10,608 shares of the aircraft producer’s stock valued at $1,878,000 after acquiring an additional 59 shares in the last quarter. Center for Financial Planning Inc. boosted its stake in Boeing by 12.0% in the fourth quarter. Center for Financial Planning Inc. now owns 562 shares of the aircraft producer’s stock valued at $99,000 after acquiring an additional 60 shares in the last quarter. Beacon Capital Management LLC boosted its stake in Boeing by 4.0% in the fourth quarter. Beacon Capital Management LLC now owns 1,709 shares of the aircraft producer’s stock valued at $302,000 after acquiring an additional 65 shares in the last quarter. Finally, Sterneck Capital Management LLC boosted its stake in Boeing by 2.3% in the fourth quarter. Sterneck Capital Management LLC now owns 2,992 shares of the aircraft producer’s stock valued at $530,000 after acquiring an additional 66 shares in the last quarter. Institutional investors own 64.82% of the company’s stock.

Boeing Stock Performance

BA opened at $186.20 on Thursday. The Boeing Company has a fifty-two week low of $137.03 and a fifty-two week high of $208.10. The company has a fifty day moving average of $176.32 and a two-hundred day moving average of $164.20. The stock has a market capitalization of $139.66 billion, a price-to-earnings ratio of -10.16 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) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same quarter in the prior year, the firm earned ($0.47) EPS. On average, equities research analysts forecast that The Boeing Company will post -2.32 earnings per share for the current year.

Wall Street Analyst Weigh In

BA has been the subject of several recent analyst reports. Morgan Stanley lowered their target price on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a research note on Thursday, October 24th. Barclays upgraded shares of Boeing from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $190.00 to $210.00 in a research note on Monday, January 6th. Sanford C. Bernstein downgraded shares of Boeing from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $195.00 to $169.00 in a research note on Wednesday, October 30th. Robert W. Baird lowered their target price on shares of Boeing from $240.00 to $200.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Finally, Citigroup lifted 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. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $195.16.

Boeing Company 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.