Marino Stram & Associates LLC Takes $209,000 Position in The Boeing Company (NYSE:BA)

Marino Stram & Associates LLC acquired a new position in shares of The Boeing Company (NYSE:BA) in the 4th quarter, Holdings Channel.com reports. The fund acquired 1,180 shares of the aircraft producer’s stock, valued at approximately $209,000.

Several other institutional investors have also recently modified their holdings of BA. Van ECK Associates Corp grew its stake in shares of Boeing by 122.0% during 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 buying an additional 1,251,456 shares during the period. International Assets Investment Management LLC lifted 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 buying an additional 1,251,165 shares in the last quarter. Franklin Resources Inc. lifted 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 buying an additional 1,055,472 shares in the last quarter. State Street Corp lifted its holdings in Boeing by 2.3% in the 3rd quarter. State Street Corp now owns 27,778,195 shares of the aircraft producer’s stock worth $4,223,397,000 after buying an additional 636,594 shares in the last quarter. Finally, Jennison Associates LLC raised its stake in shares of Boeing by 9.9% in 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 and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on BA. Barclays raised shares of Boeing from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $190.00 to $210.00 in a research report on Monday, January 6th. Citigroup decreased their price objective on shares of Boeing from $224.00 to $209.00 and set a “buy” rating for the company in a report on Tuesday, October 15th. Northcoast Research raised shares of Boeing from a “sell” rating to a “neutral” rating in a research note on Thursday, December 12th. Deutsche Bank Aktiengesellschaft increased 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. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $200.00 target price on shares of Boeing in a research note on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Boeing presently has a consensus rating of “Moderate Buy” and an average target price of $192.21.

Boeing Stock Down 0.4 %

BA stock opened at $174.87 on Thursday. The Boeing Company has a 12-month low of $137.03 and a 12-month high of $217.59. The company has a market cap of $108.11 billion, a price-to-earnings ratio of -13.56 and a beta of 1.52. The company has a 50 day moving average of $164.20 and a two-hundred day moving average of $164.46.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The firm had revenue of $17.84 billion for the quarter, compared to the consensus estimate of $17.81 billion. During the same quarter last year, the business posted ($3.26) EPS. The firm’s revenue was down 1.5% compared to the same quarter last year. On average, research analysts anticipate that The Boeing Company will post -16.46 EPS for the current 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.