DAVENPORT & Co LLC Has $19.58 Million Holdings in The Boeing Company (NYSE:BA)

DAVENPORT & Co LLC boosted its holdings in shares of The Boeing Company (NYSE:BA) by 374.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 110,593 shares of the aircraft producer’s stock after buying an additional 87,301 shares during the quarter. DAVENPORT & Co LLC’s holdings in Boeing were worth $19,575,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Tokio Marine Asset Management Co. Ltd. lifted its stake in shares of Boeing by 28.9% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 20,974 shares of the aircraft producer’s stock worth $3,712,000 after buying an additional 4,707 shares during the last quarter. Symphony Financial Ltd. Co. acquired a new position in Boeing during the 4th quarter worth $236,000. Independence Bank of Kentucky boosted its holdings in Boeing by 5.7% during the fourth quarter. Independence Bank of Kentucky now owns 1,770 shares of the aircraft producer’s stock valued at $313,000 after acquiring an additional 95 shares during the period. Waldron Private Wealth LLC grew its position in shares of Boeing by 81.8% in the fourth quarter. Waldron Private Wealth LLC now owns 9,874 shares of the aircraft producer’s stock valued at $1,748,000 after purchasing an additional 4,443 shares during the last quarter. Finally, Total Clarity Wealth Management Inc. bought a new position in shares of Boeing in the fourth quarter worth about $253,000. 64.82% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. DZ Bank downgraded Boeing from a “buy” rating to a “hold” rating and set a $152.00 target price for the company. in a research note on Tuesday, October 15th. Morgan Stanley lowered their price objective on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 24th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, January 2nd. Sanford C. Bernstein lowered shares of Boeing from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $195.00 to $169.00 in a research report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $195.00.

Boeing Stock Down 1.8 %

NYSE:BA opened at $176.26 on Monday. The firm has a market cap of $108.96 billion, a PE ratio of -9.62 and a beta of 1.52. The Boeing Company has a 12 month low of $137.03 and a 12 month high of $214.63. The company’s 50-day moving average price is $169.50 and its two-hundred day moving average price is $164.20.

Boeing (NYSE:BA) last released its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same period last year, the company posted ($0.47) earnings per share. On average, research analysts expect that The Boeing Company will post -1.61 EPS for the current fiscal 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.