Lee Danner & Bass Inc. Acquires 2,514 Shares of The Boeing Company (NYSE:BA)

Lee Danner & Bass Inc. raised its holdings in shares of The Boeing Company (NYSE:BA) by 10.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 27,736 shares of the aircraft producer’s stock after buying an additional 2,514 shares during the period. Lee Danner & Bass Inc.’s holdings in Boeing were worth $4,909,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. State Street Corp raised its holdings in Boeing by 2.3% during the third quarter. State Street Corp now owns 27,778,195 shares of the aircraft producer’s stock valued at $4,223,397,000 after acquiring an additional 636,594 shares during the period. Geode Capital Management LLC grew its position in shares of Boeing by 2.8% during the third quarter. Geode Capital Management LLC now owns 11,719,794 shares of the aircraft producer’s stock valued at $1,774,705,000 after purchasing an additional 320,415 shares in the last quarter. Fisher Asset Management LLC grew its position in shares of Boeing by 3.4% during the fourth quarter. Fisher Asset Management LLC now owns 5,030,899 shares of the aircraft producer’s stock valued at $890,469,000 after purchasing an additional 164,042 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Boeing by 30.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,178,444 shares of the aircraft producer’s stock valued at $739,585,000 after purchasing an additional 981,796 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Boeing by 17.4% during the fourth quarter. Bank of New York Mellon Corp now owns 3,921,417 shares of the aircraft producer’s stock valued at $694,091,000 after purchasing an additional 581,987 shares in the last quarter. 64.82% of the stock is owned by institutional investors.

Boeing Stock Up 0.1 %

Shares of NYSE:BA opened at $172.82 on Friday. The company has a market capitalization of $129.63 billion, a price-to-earnings ratio of -9.43 and a beta of 1.53. The Boeing Company has a 52 week low of $137.03 and a 52 week high of $196.95. The firm has a 50 day moving average of $172.86 and a 200 day moving average of $163.54.

Boeing (NYSE:BA) last issued its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same period in the prior year, the company earned ($0.47) EPS. On average, sell-side analysts expect that The Boeing Company will post -2.58 EPS for the current year.

Insider Buying and Selling

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of Boeing stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $180.69, for a total value of $570,799.71. Following the transaction, the executive vice president now directly owns 19,213 shares of the company’s stock, valued at approximately $3,471,596.97. The trade was a 14.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.16% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

BA has been the subject of a number of research analyst reports. StockNews.com upgraded Boeing to a “sell” rating in a research report on Wednesday, March 12th. Citigroup raised their price objective on Boeing from $207.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, February 10th. JPMorgan Chase & Co. raised their price objective on Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Wells Fargo & Company raised their price objective on Boeing from $103.00 to $113.00 and gave the company an “underweight” rating in a research report on Monday. Finally, Susquehanna lifted their price target on Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a research report on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $195.68.

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.