The Boeing Company (NYSE:BA) Shares Acquired by Calamos Advisors LLC

Calamos Advisors LLC lifted its position in shares of The Boeing Company (NYSE:BA) by 61.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 190,014 shares of the aircraft producer’s stock after buying an additional 72,414 shares during the quarter. Calamos Advisors LLC’s holdings in Boeing were worth $49,529,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Moneta Group Investment Advisors LLC grew its holdings in Boeing by 109,667.8% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 16,055,730 shares of the aircraft producer’s stock valued at $3,058,456,000 after buying an additional 16,041,103 shares during the period. Barclays PLC grew its holdings in shares of Boeing by 599.0% during the 2nd quarter. Barclays PLC now owns 1,522,410 shares of the aircraft producer’s stock worth $321,475,000 after purchasing an additional 1,827,485 shares during the period. Lazard Asset Management LLC grew its holdings in shares of Boeing by 8,961.2% during 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. Morgan Stanley grew its holdings in shares of Boeing by 11.7% during the 4th quarter. Morgan Stanley now owns 8,321,871 shares of the aircraft producer’s stock worth $1,585,234,000 after purchasing an additional 872,795 shares during the period. Finally, Invesco Ltd. grew its holdings in shares of Boeing by 30.1% during 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. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Trading Up 0.0 %

NYSE:BA traded up $0.02 during mid-day trading on Thursday, hitting $170.23. 4,783,699 shares of the company’s stock traded hands, compared to its average volume of 9,765,457. The firm has a 50 day moving average of $191.86 and a two-hundred day moving average of $207.54. The Boeing Company has a 12 month low of $167.53 and a 12 month high of $267.54. The firm has a market capitalization of $103.86 billion, a price-to-earnings ratio of -46.32, a price-to-earnings-growth ratio of 116.39 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 for the quarter, beating the consensus estimate of ($0.72) by $0.25. The business had revenue of $22.02 billion for the quarter, compared to the consensus estimate of $21.14 billion. Boeing’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($1.75) EPS. As a group, equities research analysts expect that The Boeing Company will post 0.37 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on BA shares. JPMorgan Chase & Co. decreased their price target on Boeing from $230.00 to $210.00 and set an “overweight” rating for the company in a report on Friday, April 12th. Stifel Nicolaus cut their target price on Boeing from $270.00 to $260.00 and set a “buy” rating on the stock in a research report on Wednesday, April 10th. UBS Group cut their target price on Boeing from $275.00 to $250.00 and set a “buy” rating on the stock in a research report on Thursday, March 21st. Bank of America cut their target price on Boeing from $210.00 to $190.00 and set a “neutral” rating on the stock in a research report on Thursday, April 11th. Finally, Wells Fargo & Company cut their target price on Boeing from $225.00 to $215.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 1st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, Boeing has a consensus rating of “Moderate Buy” and a consensus target price of $229.35.

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.