Goelzer Investment Management Inc. Boosts Stake in The Boeing Company (NYSE:BA)

Goelzer Investment Management Inc. grew its holdings in shares of The Boeing Company (NYSE:BA) by 3.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,213 shares of the aircraft producer’s stock after buying an additional 113 shares during the quarter. Goelzer Investment Management Inc.’s holdings in Boeing were worth $569,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Thrivent Financial for Lutherans increased its position in shares of Boeing by 28.2% during the second quarter. Thrivent Financial for Lutherans now owns 32,646 shares of the aircraft producer’s stock worth $5,942,000 after acquiring an additional 7,182 shares during the period. Public Sector Pension Investment Board increased its holdings in Boeing by 72.7% during the 2nd quarter. Public Sector Pension Investment Board now owns 21,790 shares of the aircraft producer’s stock worth $3,966,000 after purchasing an additional 9,171 shares during the period. Dark Forest Capital Management LP bought a new stake in Boeing during the 2nd quarter valued at $309,000. The Manufacturers Life Insurance Company lifted its holdings in shares of Boeing by 0.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 438,428 shares of the aircraft producer’s stock worth $79,798,000 after buying an additional 3,869 shares during the period. Finally, Mackenzie Financial Corp grew its position in shares of Boeing by 1.8% during the 2nd quarter. Mackenzie Financial Corp now owns 196,076 shares of the aircraft producer’s stock worth $35,688,000 after buying an additional 3,384 shares in the last quarter. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on BA. Barclays raised shares of Boeing from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $190.00 to $210.00 in a research note on Monday, January 6th. Wells Fargo & Company lowered their price target on shares of Boeing from $86.00 to $85.00 and set an “underweight” rating for the company in a research report on Monday, November 4th. DZ Bank downgraded shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 price objective for the company. in a research note on Tuesday, October 15th. Sanford C. Bernstein lowered Boeing from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $195.00 to $169.00 in a report on Wednesday, October 30th. Finally, UBS Group cut their price target on Boeing from $215.00 to $195.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Boeing has an average rating of “Moderate Buy” and a consensus price target of $192.11.

Boeing Trading Down 1.4 %

NYSE BA opened at $175.95 on Friday. The Boeing Company has a 12-month low of $137.03 and a 12-month high of $214.63. The company has a fifty day simple moving average of $166.42 and a two-hundred day simple moving average of $164.56. The stock has a market cap of $108.77 billion, a P/E ratio of -13.64 and a beta of 1.52.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The company had revenue of $17.84 billion during the quarter, compared to the consensus estimate of $17.81 billion. Boeing’s revenue was down 1.5% compared to the same quarter last year. During the same period last year, the business earned ($3.26) EPS. As a group, sell-side analysts forecast that The Boeing Company will post -16.39 earnings per share for the current year.

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.