Empirical Asset Management LLC Takes Position in The Boeing Company (NYSE:BA)

Empirical Asset Management LLC acquired a new position in The Boeing Company (NYSE:BA) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 30,790 shares of the aircraft producer’s stock, valued at approximately $5,450,000.

Several other institutional investors also recently modified their holdings of BA. American Century Companies Inc. increased its holdings in Boeing by 20.8% during the second quarter. American Century Companies Inc. now owns 44,992 shares of the aircraft producer’s stock valued at $8,189,000 after buying an additional 7,739 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Boeing by 8.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,277,289 shares of the aircraft producer’s stock valued at $232,479,000 after purchasing an additional 98,973 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its position in Boeing by 8.8% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 10,449 shares of the aircraft producer’s stock worth $1,902,000 after acquiring an additional 841 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its position in shares of Boeing by 15.2% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 43,184 shares of the aircraft producer’s stock valued at $7,755,000 after purchasing an additional 5,704 shares during the last quarter. Finally, Waterloo Capital L.P. lifted its holdings in shares of Boeing by 56.2% in the 2nd quarter. Waterloo Capital L.P. now owns 1,610 shares of the aircraft producer’s stock worth $293,000 after acquiring an additional 579 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

BA has been the topic of several recent analyst reports. Morgan Stanley reduced their price target on Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a report on Thursday, October 24th. UBS Group decreased their target price on Boeing from $215.00 to $195.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. Wells Fargo & Company cut their price target on shares of Boeing from $86.00 to $85.00 and set an “underweight” rating on the stock in a report on Monday, November 4th. DZ Bank downgraded shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 price target on the stock. in a research note on Tuesday, October 15th. Finally, Citigroup lowered their price objective on shares of Boeing from $224.00 to $209.00 and set a “buy” rating for the company in a research report on Tuesday, October 15th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Boeing presently has a consensus rating of “Moderate Buy” and an average price target of $192.21.

Boeing Price Performance

Shares of NYSE BA opened at $168.91 on Friday. The Boeing Company has a 52-week low of $137.03 and a 52-week high of $217.59. The business’s 50 day moving average is $162.40 and its two-hundred day moving average is $164.98.

Boeing (NYSE:BA) last posted 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 business had revenue of $17.84 billion for the quarter, compared to analyst estimates of $17.81 billion. During the same period last year, the business posted ($3.26) EPS. The firm’s quarterly revenue was down 1.5% on a year-over-year basis. Sell-side analysts expect that The Boeing Company will post -16.43 EPS for the current fiscal 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.