The Boeing Company (NYSE:BA) Shares Bought by Foster Group Inc.

Foster Group Inc. increased its stake in The Boeing Company (NYSE:BA) by 4.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 3,224 shares of the aircraft producer’s stock after buying an additional 143 shares during the quarter. Foster Group Inc.’s holdings in Boeing were worth $571,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. IMS Capital Management boosted its stake in shares of Boeing by 0.4% during the 2nd quarter. IMS Capital Management now owns 16,032 shares of the aircraft producer’s stock worth $2,759,000 after acquiring an additional 62 shares in the last quarter. Sterneck Capital Management LLC increased its position in shares of Boeing by 2.3% in the fourth quarter. Sterneck Capital Management LLC now owns 2,992 shares of the aircraft producer’s stock worth $530,000 after acquiring an additional 66 shares in the last quarter. Peoples Financial Services CORP. raised its holdings in shares of Boeing by 0.8% during the third quarter. Peoples Financial Services CORP. now owns 8,893 shares of the aircraft producer’s stock valued at $1,352,000 after acquiring an additional 67 shares during the period. GSG Advisors LLC lifted its position in shares of Boeing by 4.7% in the 4th quarter. GSG Advisors LLC now owns 1,490 shares of the aircraft producer’s stock valued at $264,000 after acquiring an additional 67 shares in the last quarter. Finally, Bay Rivers Group boosted its stake in Boeing by 1.0% in the 4th quarter. Bay Rivers Group now owns 7,416 shares of the aircraft producer’s stock worth $1,313,000 after purchasing an additional 70 shares during the period. Institutional investors own 64.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. TD Cowen reduced their target price on Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a report on Monday, October 14th. Sanford C. Bernstein lowered Boeing from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $195.00 to $169.00 in a research report on Wednesday, October 30th. Benchmark reiterated a “buy” rating and issued a $250.00 target price on shares of Boeing in a report on Thursday, October 24th. UBS Group decreased their price target on shares of Boeing from $215.00 to $195.00 and set a “buy” rating for the company in a report on Thursday, October 24th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, January 2nd. Two 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 company. According to data from MarketBeat, Boeing has a consensus rating of “Moderate Buy” and an average price target of $192.11.

Boeing Trading Up 1.5 %

NYSE:BA opened at $177.79 on Wednesday. The Boeing Company has a 1 year low of $137.03 and a 1 year high of $214.63. The firm’s fifty day simple moving average is $167.04 and its 200 day simple moving average is $164.23.

Boeing (NYSE:BA) last released its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 predict that The Boeing Company will post -16.39 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.