Bailard Inc. Acquires 71 Shares of The Boeing Company (NYSE:BA)

Bailard Inc. lifted its holdings in The Boeing Company (NYSE:BA) by 1.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,110 shares of the aircraft producer’s stock after buying an additional 71 shares during the quarter. Bailard Inc.’s holdings in Boeing were worth $1,332,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in BA. Vanguard Group Inc. increased its position in Boeing by 0.8% in the third quarter. Vanguard Group Inc. now owns 47,609,508 shares of the aircraft producer’s stock worth $9,125,790,000 after purchasing an additional 356,496 shares during the period. Morgan Stanley grew its position in shares of Boeing by 1.1% during the 3rd quarter. Morgan Stanley now owns 8,362,267 shares of the aircraft producer’s stock worth $1,602,880,000 after buying an additional 91,801 shares during the period. Northern Trust Corp grew its position in shares of Boeing by 3.2% during the 3rd quarter. Northern Trust Corp now owns 4,951,181 shares of the aircraft producer’s stock worth $949,042,000 after buying an additional 153,168 shares during the period. Jennison Associates LLC acquired a new position in shares of Boeing during the 4th quarter worth about $960,397,000. Finally, Invesco Ltd. grew its position in shares of Boeing by 30.1% during the 3rd quarter. Invesco Ltd. now owns 3,279,421 shares of the aircraft producer’s stock worth $628,599,000 after buying an additional 759,267 shares during the period. 64.82% of the stock is owned by institutional investors.

Boeing Stock Down 0.3 %

Shares of BA stock traded down $0.57 during trading on Friday, reaching $166.24. 2,073,944 shares of the company’s stock were exchanged, compared to its average volume of 9,691,965. The Boeing Company has a twelve month low of $159.70 and a twelve month high of $267.54. The firm’s fifty day moving average price is $187.26 and its 200-day moving average price is $206.61.

Boeing (NYSE:BA) last posted its earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.72) by $0.25. The business had revenue of $22.02 billion for the quarter, compared to analyst estimates of $21.14 billion. The firm’s revenue was up 10.2% compared to the same quarter last year. During the same period in the previous year, the firm posted ($1.75) earnings per share. As a group, research analysts anticipate that The Boeing Company will post 0.32 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Susquehanna decreased their target price on Boeing from $265.00 to $230.00 and set a “positive” rating for the company in a research report on Thursday, March 21st. Bank of America decreased their target price on Boeing from $210.00 to $190.00 and set a “neutral” rating for the company in a research report on Thursday, April 11th. Melius Research restated a “hold” rating on shares of Boeing in a research report on Monday, April 1st. The Goldman Sachs Group cut their price objective on Boeing from $268.00 to $257.00 and set a “buy” rating on the stock in a report on Monday, March 25th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on Boeing from $240.00 to $225.00 and set a “buy” rating on the stock in a report on Thursday. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $222.41.

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.