The Boeing Company (NYSE:BA) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its position in The Boeing Company (NYSE:BA) by 30.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,178,444 shares of the aircraft producer’s stock after acquiring an additional 981,796 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.68% of Boeing worth $739,585,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Franklin Resources Inc. grew its stake in shares of Boeing by 1,296.3% in the 3rd quarter. Franklin Resources Inc. now owns 1,136,895 shares of the aircraft producer’s stock valued at $169,386,000 after purchasing an additional 1,055,472 shares during the last quarter. State Street Corp lifted its holdings in shares of Boeing by 2.3% during the third quarter. State Street Corp now owns 27,778,195 shares of the aircraft producer’s stock worth $4,223,397,000 after purchasing an additional 636,594 shares during the period. Jennison Associates LLC grew its position in Boeing by 9.9% in the 3rd quarter. Jennison Associates LLC now owns 6,700,706 shares of the aircraft producer’s stock valued at $1,018,775,000 after buying an additional 602,143 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Boeing by 17.4% in the 4th quarter. Bank of New York Mellon Corp now owns 3,921,417 shares of the aircraft producer’s stock valued at $694,091,000 after buying an additional 581,987 shares during the period. Finally, TB Alternative Assets Ltd. purchased a new position in Boeing during the 4th quarter worth $68,018,000. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Boeing

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of Boeing stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $180.69, for a total value of $570,799.71. Following the completion of the sale, the executive vice president now directly owns 19,213 shares of the company’s stock, valued at approximately $3,471,596.97. The trade was a 14.12 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.16% of the company’s stock.

Boeing Price Performance

BA stock opened at $159.14 on Wednesday. The company’s 50 day simple moving average is $176.32 and its 200-day simple moving average is $164.50. The Boeing Company has a 12 month low of $137.03 and a 12 month high of $203.80. The firm has a market capitalization of $119.36 billion, a PE ratio of -8.69 and a beta of 1.52.

Boeing (NYSE:BA) 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 in the previous year, the business posted ($0.47) earnings per share. As a group, sell-side analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current year.

Wall Street Analyst Weigh In

BA has been the topic of several analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $200.00 target price on shares of Boeing in a report on Wednesday, January 29th. Susquehanna lifted their price objective on Boeing from $200.00 to $205.00 and gave the company a “positive” rating in a report on Wednesday, January 29th. UBS Group boosted their target price on Boeing from $208.00 to $217.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. JPMorgan Chase & Co. lifted their price target on Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. Finally, Northcoast Research upgraded Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $195.16.

Boeing 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.