Davidson Investment Advisors Has $15.27 Million Stock Holdings in The Boeing Company (NYSE:BA)

Davidson Investment Advisors lifted its stake in shares of The Boeing Company (NYSE:BA) by 17.8% during the fourth quarter, Holdings Channel reports. The firm owned 86,257 shares of the aircraft producer’s stock after purchasing an additional 13,039 shares during the quarter. Davidson Investment Advisors’ holdings in Boeing were worth $15,267,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Kentucky Retirement Systems Insurance Trust Fund grew its stake in Boeing by 41.3% in the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 24,482 shares of the aircraft producer’s stock valued at $4,333,000 after purchasing an additional 7,151 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors grew its stake in Boeing by 18.7% in the fourth quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 4,363 shares of the aircraft producer’s stock valued at $772,000 after purchasing an additional 686 shares in the last quarter. Waycross Partners LLC grew its stake in Boeing by 898.5% in the fourth quarter. Waycross Partners LLC now owns 126,269 shares of the aircraft producer’s stock valued at $22,350,000 after purchasing an additional 113,623 shares in the last quarter. HighMark Wealth Management LLC grew its stake in Boeing by 121.6% in the fourth quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock valued at $29,000 after purchasing an additional 90 shares in the last quarter. Finally, GAM Holding AG purchased a new position in Boeing in the fourth quarter valued at about $1,564,000. 64.82% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently issued reports on BA. UBS Group upped their price target on Boeing from $208.00 to $217.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. Royal Bank of Canada reiterated an “outperform” rating and set a $200.00 price target on shares of Boeing 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, February 10th. JPMorgan Chase & Co. increased their target price on Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. Finally, Morgan Stanley decreased their target price on Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a research note on Thursday, October 24th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $195.16.

Boeing Stock Down 0.5 %

NYSE:BA opened at $184.52 on Tuesday. The firm has a market capitalization of $138.40 billion, a P/E ratio of -10.07 and a beta of 1.52. The Boeing Company has a 12-month low of $137.03 and a 12-month high of $208.10. The stock’s fifty day simple moving average is $174.96 and its 200-day simple moving average is $163.90.

Boeing (NYSE:BA) last released its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same quarter in the previous year, the business earned ($0.47) earnings per share. As a group, equities research analysts expect that The Boeing Company will post -2.3 earnings per share for the current year.

About Boeing

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.