Gladstone Institutional Advisory LLC Increases Holdings in The Boeing Company (NYSE:BA)

Gladstone Institutional Advisory LLC grew its holdings in The Boeing Company (NYSE:BA) by 52.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 13,941 shares of the aircraft producer’s stock after acquiring an additional 4,774 shares during the period. Gladstone Institutional Advisory LLC’s holdings in Boeing were worth $2,468,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Van ECK Associates Corp lifted its stake in Boeing by 122.0% in the third quarter. Van ECK Associates Corp now owns 2,277,548 shares of the aircraft producer’s stock worth $357,712,000 after acquiring an additional 1,251,456 shares during the period. International Assets Investment Management LLC raised its holdings in Boeing by 289.8% in the 3rd quarter. International Assets Investment Management LLC now owns 1,682,970 shares of the aircraft producer’s stock worth $2,558,790,000 after purchasing an additional 1,251,165 shares in the last quarter. Franklin Resources Inc. raised its holdings in Boeing by 1,296.3% in the 3rd quarter. Franklin Resources Inc. now owns 1,136,895 shares of the aircraft producer’s stock worth $169,386,000 after purchasing an additional 1,055,472 shares in the last quarter. State Street Corp boosted its stake in shares of Boeing by 2.3% during the 3rd quarter. State Street Corp now owns 27,778,195 shares of the aircraft producer’s stock valued at $4,223,397,000 after purchasing an additional 636,594 shares in the last quarter. Finally, Jennison Associates LLC boosted its stake in shares of Boeing by 9.9% during 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 purchasing an additional 602,143 shares in the last quarter. 64.82% of the stock is currently owned by institutional investors.

Boeing Trading Up 3.1 %

BA stock opened at $186.04 on Thursday. The stock’s 50 day simple moving average is $173.21 and its 200 day simple moving average is $163.95. The Boeing Company has a 12-month low of $137.03 and a 12-month high of $208.10. The stock has a market capitalization of $139.54 billion, a PE ratio of -10.16 and a beta of 1.52.

Boeing (NYSE:BA) last announced its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same quarter in the previous year, the company earned ($0.47) earnings per share. On average, research analysts predict that The Boeing Company will post -2.3 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Susquehanna raised their price objective on shares of Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a report on Wednesday, January 29th. Wells Fargo & Company raised their target price on Boeing from $85.00 to $103.00 and gave the company an “underweight” rating in a research note on Wednesday, January 29th. Citigroup upped their price target on Boeing from $207.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday. Barclays raised Boeing from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $190.00 to $210.00 in a research report on Monday, January 6th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $200.00 target price on shares of Boeing in a research report on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $195.16.

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.