Deutsche Bank AG Acquires 371,119 Shares of The Boeing Company (NYSE:BA)

Deutsche Bank AG lifted its holdings in shares of The Boeing Company (NYSE:BA) by 39.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,304,025 shares of the aircraft producer’s stock after purchasing an additional 371,119 shares during the period. Deutsche Bank AG owned about 0.17% of Boeing worth $230,812,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Boeing by 24.4% during the 4th quarter. Vanguard Group Inc. now owns 64,442,717 shares of the aircraft producer’s stock worth $11,406,361,000 after purchasing an additional 12,641,715 shares during the last quarter. Geode Capital Management LLC grew its holdings in Boeing by 29.5% during the fourth quarter. Geode Capital Management LLC now owns 15,171,869 shares of the aircraft producer’s stock valued at $2,677,170,000 after purchasing an additional 3,452,075 shares during the period. Castlekeep Investment Advisors LLC purchased a new stake in Boeing in the fourth quarter worth $568,000. Alyeska Investment Group L.P. bought a new stake in shares of Boeing in the fourth quarter valued at $526,889,000. Finally, Northern Trust Corp lifted its position in shares of Boeing by 33.6% during the 4th quarter. Northern Trust Corp now owns 6,504,610 shares of the aircraft producer’s stock valued at $1,151,316,000 after buying an additional 1,634,231 shares during the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BA has been the subject of several recent research reports. Sanford C. Bernstein raised Boeing from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $181.00 to $218.00 in a report on Monday, April 28th. Benchmark lowered their price target on shares of Boeing from $250.00 to $215.00 and set a “buy” rating on the stock in a research report on Monday, April 21st. Citigroup upped their price target on shares of Boeing from $210.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, April 24th. Susquehanna lifted their price objective on shares of Boeing from $200.00 to $205.00 and gave the company a “positive” rating in a research note on Wednesday, January 29th. Finally, JPMorgan Chase & Co. increased their target price on Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Boeing has an average rating of “Moderate Buy” and a consensus price target of $200.90.

Insider Transactions at Boeing

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the business’s 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 completion of the sale, the executive vice president now directly owns 19,213 shares of the company’s stock, valued at $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 SEC, which is available at the SEC website. Also, EVP David Christopher Raymond sold 3,899 shares of the firm’s stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $187.01, for a total value of $729,151.99. Following the transaction, the executive vice president now directly owns 42,513 shares in the company, valued at $7,950,356.13. This trade represents a 8.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.09% of the company’s stock.

Boeing Price Performance

BA stock opened at $191.79 on Friday. The stock has a market cap of $144.61 billion, a PE ratio of -10.47 and a beta of 1.41. The Boeing Company has a one year low of $128.88 and a one year high of $196.95. The firm has a 50 day simple moving average of $166.31 and a two-hundred day simple moving average of $166.60.

Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.39) by $0.90. The firm had revenue of $19.50 billion for the quarter, compared to analysts’ expectations of $19.57 billion. The business’s quarterly revenue was up 17.7% on a year-over-year basis. During the same period in the prior year, the business posted ($1.13) earnings per share. On average, research analysts expect that The Boeing Company will post -2.58 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.