Mercer Global Advisors Inc. ADV lifted its stake in shares of The Boeing Company (NYSE:BA – Get Rating) by 1.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 44,191 shares of the aircraft producer’s stock after acquiring an additional 585 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Boeing were worth $8,897,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. PFG Private Wealth Management LLC bought a new position in shares of Boeing in the third quarter valued at $26,000. Blue Bell Private Wealth Management LLC purchased a new position in shares of Boeing in the fourth quarter worth approximately $27,000. Strategic Asset Management LLC raised its holdings in shares of Boeing by 102.9% during the fourth quarter. Strategic Asset Management LLC now owns 138 shares of the aircraft producer’s stock valued at $28,000 after acquiring an additional 70 shares during the period. Global Trust Asset Management LLC lifted its position in shares of Boeing by 1,427.3% in the 4th quarter. Global Trust Asset Management LLC now owns 168 shares of the aircraft producer’s stock valued at $34,000 after acquiring an additional 157 shares in the last quarter. Finally, AHL Investment Management Inc. acquired a new position in Boeing in the 4th quarter worth approximately $39,000. 54.00% of the stock is currently owned by hedge funds and other institutional investors.
BA has been the subject of a number of research analyst reports. Langenberg & Company started coverage on Boeing in a report on Wednesday, March 9th. They issued a “buy” rating for the company. Royal Bank of Canada set a $265.00 price objective on Boeing in a research note on Monday. Wells Fargo & Company lowered their target price on Boeing from $272.00 to $250.00 and set an “overweight” rating on the stock in a research note on Thursday, January 27th. Jefferies Financial Group set a $270.00 price target on shares of Boeing in a research report on Wednesday, March 9th. Finally, Robert W. Baird reaffirmed an “outperform” rating and set a $306.00 price objective on shares of Boeing in a research report on Wednesday, April 6th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $251.20.
Shares of BA traded up $6.27 on Tuesday, hitting $186.12. The company’s stock had a trading volume of 135,309 shares, compared to its average volume of 9,644,422. The company has a 50 day moving average price of $191.36 and a 200 day moving average price of $203.93. The company has a market capitalization of $109.88 billion, a PE ratio of -25.22, a PEG ratio of 14.29 and a beta of 1.40. The Boeing Company has a fifty-two week low of $167.58 and a fifty-two week high of $258.40.
Boeing (NYSE:BA – Get Rating) last released its earnings results on Wednesday, January 26th. The aircraft producer reported ($7.69) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($7.60). The business had revenue of $14.79 billion for the quarter, compared to the consensus estimate of $16.66 billion. The company’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($15.25) EPS. On average, research analysts predict that The Boeing Company will post 3.18 earnings per share for the current fiscal year.
Boeing Profile (Get Rating)
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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