Willis Johnson & Associates Inc. Grows Stock Holdings in The Boeing Company (NYSE:BA)

Willis Johnson & Associates Inc. lifted its holdings in The Boeing Company (NYSE:BA) by 83.6% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 2,211 shares of the aircraft producer’s stock after purchasing an additional 1,007 shares during the period. Willis Johnson & Associates Inc.’s holdings in Boeing were worth $427,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BA. Capital Research Global Investors boosted its stake in shares of Boeing by 35.5% during the fourth quarter. Capital Research Global Investors now owns 16,880,647 shares of the aircraft producer’s stock valued at $4,400,109,000 after purchasing an additional 4,425,964 shares in the last quarter. Jennison Associates LLC acquired a new stake in Boeing in the fourth quarter valued at approximately $960,397,000. Wellington Management Group LLP boosted its stake in Boeing by 563.9% in the fourth quarter. Wellington Management Group LLP now owns 3,439,093 shares of the aircraft producer’s stock valued at $896,434,000 after acquiring an additional 2,921,043 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Boeing by 23.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,823,006 shares of the aircraft producer’s stock valued at $2,560,466,000 after acquiring an additional 1,884,850 shares in the last quarter. Finally, Boston Partners boosted its stake in Boeing by 861.6% in the fourth quarter. Boston Partners now owns 1,804,853 shares of the aircraft producer’s stock valued at $467,338,000 after acquiring an additional 1,617,151 shares in the last quarter. 64.82% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on BA shares. Stifel Nicolaus reaffirmed a “buy” rating and issued a $240.00 price target on shares of Boeing in a report on Wednesday, May 15th. Barclays decreased their price target on shares of Boeing from $235.00 to $190.00 and set an “equal weight” rating for the company in a report on Monday, April 22nd. Morgan Stanley decreased their price target on shares of Boeing from $235.00 to $180.00 and set an “equal weight” rating for the company in a report on Wednesday, April 10th. UBS Group decreased their price target on shares of Boeing from $250.00 to $240.00 and set a “buy” rating for the company in a report on Friday, June 7th. Finally, Northcoast Research cut shares of Boeing from a “neutral” rating to a “sell” rating and set a $140.00 price target for the company. in a report on Wednesday, April 17th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $220.89.

Boeing Trading Down 0.6 %

BA stock traded down $1.11 during trading on Thursday, reaching $184.31. 2,764,797 shares of the stock were exchanged, compared to its average volume of 5,659,858. The business has a 50 day moving average price of $179.54 and a 200-day moving average price of $196.92. The Boeing Company has a 1 year low of $159.70 and a 1 year high of $267.54. The firm has a market capitalization of $113.14 billion, a price-to-earnings ratio of -51.92 and a beta of 1.56.

Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, April 24th. The aircraft producer reported ($1.13) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.43) by $0.30. The company had revenue of $16.57 billion during the quarter, compared to analysts’ expectations of $17.69 billion. On average, research analysts anticipate that The Boeing Company will post -1.67 EPS for the current year.

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.