Lynch & Associates IN Boosts Stock Holdings in The Boeing Company (NYSE:BA)


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Lynch & Associates IN raised its holdings in shares of The Boeing Company (NYSE:BA) by 0.5% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 22,877 shares of the aircraft producer’s stock after acquiring an additional 103 shares during the period. The Boeing comprises about 1.6% of Lynch & Associates IN’s portfolio, making the stock its 23rd largest holding. Lynch & Associates IN’s holdings in The Boeing were worth $5,827,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Newport Trust Co boosted its holdings in shares of The Boeing by 41.0% during the fourth quarter. Newport Trust Co now owns 49,550,937 shares of the aircraft producer’s stock worth $10,606,874,000 after purchasing an additional 14,409,687 shares during the period. BlackRock Inc. boosted its holdings in shares of The Boeing by 3.3% during the fourth quarter. BlackRock Inc. now owns 31,244,004 shares of the aircraft producer’s stock worth $6,688,091,000 after purchasing an additional 1,000,081 shares during the period. Morgan Stanley boosted its holdings in shares of The Boeing by 28.7% during the fourth quarter. Morgan Stanley now owns 7,508,555 shares of the aircraft producer’s stock worth $1,607,282,000 after purchasing an additional 1,673,366 shares during the period. FMR LLC boosted its holdings in shares of The Boeing by 75.9% during the fourth quarter. FMR LLC now owns 6,095,082 shares of the aircraft producer’s stock worth $1,304,713,000 after purchasing an additional 2,629,054 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in shares of The Boeing by 7.8% during the fourth quarter. Bank of New York Mellon Corp now owns 4,562,147 shares of the aircraft producer’s stock worth $976,576,000 after purchasing an additional 331,409 shares during the period. Institutional investors and hedge funds own 51.41% of the company’s stock.

Shares of BA opened at $252.36 on Friday. The company has a market capitalization of $147.13 billion, a P/E ratio of -31.98, a price-to-earnings-growth ratio of 101.91 and a beta of 1.65. The firm has a 50 day moving average of $240.21 and a 200 day moving average of $206.36. The Boeing Company has a twelve month low of $113.89 and a twelve month high of $278.57.

The Boeing (NYSE:BA) last announced its quarterly earnings results on Tuesday, January 26th. The aircraft producer reported ($15.25) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.78) by ($13.47). The company had revenue of $15.30 billion for the quarter, compared to the consensus estimate of $15.36 billion. The firm’s quarterly revenue was down 14.6% compared to the same quarter last year. During the same period in the prior year, the business earned ($2.33) earnings per share. As a group, equities analysts predict that The Boeing Company will post -9.39 earnings per share for the current fiscal year.

In related news, CEO Theodore Colbert III sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 2nd. The shares were sold at an average price of $200.80, for a total transaction of $1,004,000.00. Following the completion of the sale, the chief executive officer now owns 49,846 shares of the company’s stock, valued at $10,009,076.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Timothy John Keating sold 21,737 shares of The Boeing stock in a transaction that occurred on Tuesday, February 2nd. The stock was sold at an average price of $202.15, for a total transaction of $4,394,134.55. Following the completion of the sale, the executive vice president now directly owns 101,817 shares of the company’s stock, valued at approximately $20,582,306.55. The disclosure for this sale can be found here. 0.16% of the stock is owned by company insiders.

A number of analysts have recently weighed in on BA shares. UBS Group reiterated a “buy” rating and set a $285.00 target price on shares of The Boeing in a report on Thursday, January 28th. Royal Bank of Canada set a $307.00 price objective on shares of The Boeing and gave the stock a “buy” rating in a report on Monday, January 4th. Nord/LB lowered shares of The Boeing from a “hold” rating to a “sell” rating in a report on Thursday, January 28th. Sanford C. Bernstein lowered shares of The Boeing from a “market perform” rating to an “underperform” rating and lowered their price objective for the stock from $221.00 to $199.00 in a report on Monday, January 4th. Finally, Canaccord Genuity upgraded shares of The Boeing from a “hold” rating to a “buy” rating and raised their price objective for the stock from $200.00 to $275.00 in a report on Thursday, March 11th. Six analysts have rated the stock with a sell rating, seven have issued a hold rating and fifteen have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $228.32.

About The Boeing

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.

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Institutional Ownership by Quarter for The Boeing (NYSE:BA)

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