The Boeing Company (NYSE:BA) Shares Purchased by Natixis Advisors LLC

Natixis Advisors LLC grew its position in shares of The Boeing Company (NYSE:BA) by 17.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,560,307 shares of the aircraft producer’s stock after purchasing an additional 235,242 shares during the period. Boeing makes up about 0.5% of Natixis Advisors LLC’s holdings, making the stock its 29th largest holding. Natixis Advisors LLC owned about 0.21% of Boeing worth $276,174,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. AdvisorNet Financial Inc lifted its stake in Boeing by 54.2% during the fourth quarter. AdvisorNet Financial Inc now owns 2,021 shares of the aircraft producer’s stock worth $358,000 after purchasing an additional 710 shares in the last quarter. Rockefeller Capital Management L.P. raised its stake in shares of Boeing by 8.8% in the third quarter. Rockefeller Capital Management L.P. now owns 473,917 shares of the aircraft producer’s stock valued at $72,075,000 after acquiring an additional 38,300 shares in the last quarter. Carnegie Investment Counsel raised its stake in shares of Boeing by 175.6% in the fourth quarter. Carnegie Investment Counsel now owns 4,619 shares of the aircraft producer’s stock valued at $818,000 after acquiring an additional 2,943 shares in the last quarter. Principal Financial Group Inc. increased its holdings in Boeing by 6.1% in the third quarter. Principal Financial Group Inc. now owns 666,244 shares of the aircraft producer’s stock valued at $101,296,000 after buying an additional 38,332 shares during the last quarter. Finally, Jennison Associates LLC lifted its holdings in Boeing by 9.9% during the 3rd quarter. Jennison Associates LLC now owns 6,700,706 shares of the aircraft producer’s stock worth $1,018,775,000 after buying an additional 602,143 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Boeing Stock Up 1.7 %

Shares of NYSE BA opened at $162.00 on Friday. The firm’s 50-day moving average price is $173.23 and its two-hundred day moving average price is $163.68. The Boeing Company has a 52-week low of $137.03 and a 52-week high of $196.95. The stock has a market capitalization of $121.51 billion, a P/E ratio of -8.84 and a beta of 1.53.

Boeing (NYSE:BA) last issued its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same period in the previous year, the company earned ($0.47) EPS. As a group, equities research analysts expect that The Boeing Company will post -2.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Barclays raised Boeing from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $190.00 to $210.00 in a report on Monday, January 6th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $200.00 price objective on shares of Boeing in a research note on Wednesday, January 29th. JPMorgan Chase & Co. upped their price objective on Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. Susquehanna boosted their target price on Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a research report on Wednesday, January 29th. Finally, Wells Fargo & Company boosted their target price on Boeing from $85.00 to $103.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $195.16.

Insider Activity

In related news, EVP Uma M. Amuluru sold 3,159 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $180.69, for a total transaction of $570,799.71. Following the sale, the executive vice president now owns 19,213 shares of the company’s stock, 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.16% of the company’s stock.

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.