Charles Schwab Investment Management Inc. Acquires 48,637 Shares of The Boeing Company (NYSE:BA)

Charles Schwab Investment Management Inc. boosted its holdings in shares of The Boeing Company (NYSE:BA) by 1.5% in the third quarter, Holdings Channel reports. The firm owned 3,196,648 shares of the aircraft producer’s stock after purchasing an additional 48,637 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Boeing were worth $486,018,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in BA. Van ECK Associates Corp raised its position in Boeing by 122.0% in the 3rd quarter. Van ECK Associates Corp now owns 2,277,548 shares of the aircraft producer’s stock valued at $357,712,000 after purchasing an additional 1,251,456 shares during the last quarter. International Assets Investment Management LLC increased its stake in shares of Boeing by 289.8% in the third quarter. International Assets Investment Management LLC now owns 1,682,970 shares of the aircraft producer’s stock valued at $2,558,790,000 after buying an additional 1,251,165 shares in the last quarter. Wulff Hansen & CO. raised its holdings in shares of Boeing by 15,039.0% in the second quarter. Wulff Hansen & CO. now owns 967,383 shares of the aircraft producer’s stock valued at $176,073,000 after buying an additional 960,993 shares during the last quarter. Jennison Associates LLC lifted its position 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 in the last quarter. Finally, Newport Trust Company LLC grew its holdings in Boeing by 1.2% during the 2nd quarter. Newport Trust Company LLC now owns 31,640,184 shares of the aircraft producer’s stock worth $5,758,830,000 after acquiring an additional 388,633 shares during the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on BA shares. UBS Group dropped their target price on shares of Boeing from $215.00 to $195.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. Susquehanna reduced their price objective on Boeing from $210.00 to $200.00 and set a “positive” rating on the stock in a report on Thursday, October 24th. Robert W. Baird lowered their target price on Boeing from $240.00 to $200.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Wells Fargo & Company cut their price target on Boeing from $86.00 to $85.00 and set an “underweight” rating on the stock in a research note on Monday, November 4th. Finally, JPMorgan Chase & Co. decreased their price target on Boeing from $235.00 to $195.00 and set an “overweight” rating on the stock in a report on Monday, October 14th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Boeing presently has an average rating of “Hold” and an average target price of $190.37.

Boeing Stock Down 1.5 %

Boeing stock opened at $143.83 on Friday. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $267.54. The company has a 50 day moving average of $151.85 and a 200-day moving average of $168.62. The stock has a market capitalization of $88.92 billion, a PE ratio of -11.15 and a beta of 1.57.

Boeing (NYSE:BA) last released 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 business had revenue of $17.84 billion during the quarter, compared to analysts’ expectations of $17.81 billion. The company’s quarterly revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the business posted ($3.26) EPS. Equities analysts anticipate that The Boeing Company will post -16.2 EPS for the current fiscal year.

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.