AM Investment Strategies LLC Purchases Shares of 815 The Boeing Company (NYSE:BA)

AM Investment Strategies LLC purchased a new stake in shares of The Boeing Company (NYSE:BA) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 815 shares of the aircraft producer’s stock, valued at approximately $212,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Jennison Associates LLC bought a new position in shares of Boeing during the 4th quarter worth approximately $960,397,000. Lazard Asset Management LLC raised its holdings in shares of Boeing by 8,961.2% in the 3rd quarter. Lazard Asset Management LLC now owns 1,161,461 shares of the aircraft producer’s stock worth $222,628,000 after purchasing an additional 1,148,643 shares during the period. Barclays PLC raised its holdings in shares of Boeing by 54.5% in the 3rd quarter. Barclays PLC now owns 2,351,731 shares of the aircraft producer’s stock worth $450,783,000 after purchasing an additional 829,321 shares during the period. Invesco Ltd. raised its holdings in shares of Boeing by 30.1% in the 3rd quarter. Invesco Ltd. now owns 3,279,421 shares of the aircraft producer’s stock worth $628,599,000 after purchasing an additional 759,267 shares during the period. Finally, Cerity Partners LLC raised its holdings in shares of Boeing by 726.7% in the 4th quarter. Cerity Partners LLC now owns 624,906 shares of the aircraft producer’s stock worth $162,888,000 after purchasing an additional 549,318 shares during the period. Institutional investors and hedge funds own 64.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on BA. Sanford C. Bernstein lowered their price target on shares of Boeing from $272.00 to $240.00 and set an “outperform” rating on the stock in a report on Monday, April 8th. Barclays lowered their price target on shares of Boeing from $235.00 to $190.00 and set an “equal weight” rating on the stock in a report on Monday. Melius Research reissued a “hold” rating on shares of Boeing in a report on Monday, April 1st. Royal Bank of Canada lowered their target price on shares of Boeing from $225.00 to $215.00 and set an “outperform” rating on the stock in a report on Tuesday, April 16th. Finally, Susquehanna lowered their target price on shares of Boeing from $265.00 to $230.00 and set a “positive” rating on the stock in a report on Thursday, March 21st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $222.41.

Boeing Trading Up 1.5 %

Shares of BA traded up $2.48 during mid-day trading on Thursday, reaching $166.81. 12,448,376 shares of the stock traded hands, compared to its average volume of 9,789,682. The Boeing Company has a 1 year low of $159.70 and a 1 year high of $267.54. The firm has a fifty day moving average price of $187.26 and a 200 day moving average price of $206.61. The company has a market cap of $101.78 billion, a price-to-earnings ratio of -45.33, a price-to-earnings-growth ratio of 133.97 and a beta of 1.52.

Boeing (NYSE:BA) last announced its earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.72) by $0.25. The company had revenue of $22.02 billion during the quarter, compared to analysts’ expectations of $21.14 billion. During the same quarter last year, the firm posted ($1.75) earnings per share. The firm’s revenue was up 10.2% on a year-over-year basis. On average, sell-side analysts anticipate that The Boeing Company will post 0.32 EPS 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.