The Boeing Company (NYSE:BA) Stock Holdings Lifted by Thompson Investment Management Inc.

Thompson Investment Management Inc. increased its stake in The Boeing Company (NYSE:BA) by 21.4% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 22,716 shares of the aircraft producer’s stock after acquiring an additional 4,000 shares during the quarter. Thompson Investment Management Inc.’s holdings in Boeing were worth $4,384,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of BA. Vermillion & White Wealth Management Group LLC acquired a new position in Boeing during the fourth quarter valued at $26,000. Evolution Advisers Inc. acquired a new position in Boeing in the 4th quarter valued at $28,000. DiNuzzo Private Wealth Inc. bought a new position in Boeing in the 4th quarter worth $28,000. Vima LLC bought a new stake in Boeing during the fourth quarter valued at about $34,000. Finally, Accent Capital Management LLC bought a new position in shares of Boeing in the fourth quarter worth about $39,000. 64.82% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. UBS Group lowered their price objective on Boeing from $250.00 to $240.00 and set a “buy” rating on the stock in a research report on Friday, June 7th. JPMorgan Chase & Co. cut their price target on Boeing from $230.00 to $210.00 and set an “overweight” rating for the company in a report on Friday, April 12th. Susquehanna reissued a “positive” rating and set a $230.00 price objective on shares of Boeing in a report on Wednesday, May 15th. Northcoast Research lowered shares of Boeing from a “neutral” rating to a “sell” rating and set a $140.00 target price on the stock. in a research report on Wednesday, April 17th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $240.00 price objective on shares of Boeing in a research report on Wednesday, May 15th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $220.89.

Boeing Price Performance

Shares of NYSE BA traded up $3.31 during midday trading on Wednesday, reaching $178.41. 3,146,357 shares of the stock were exchanged, compared to its average volume of 8,551,807. The Boeing Company has a twelve month low of $159.70 and a twelve month high of $267.54. The firm has a 50-day simple moving average of $177.84 and a two-hundred day simple moving average of $199.49.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, April 24th. The aircraft producer reported ($1.13) earnings per share for the quarter, beating the consensus estimate of ($1.43) by $0.30. The firm had revenue of $16.57 billion during the quarter, compared to analyst estimates of $17.69 billion. Analysts expect that The Boeing Company will post -1.67 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.