Charles Schwab Investment Management Inc. Purchases 27,347 Shares of The Boeing Company (NYSE:BA)

Charles Schwab Investment Management Inc. grew its position in shares of The Boeing Company (NYSE:BA - Free Report) by 0.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,012,207 shares of the aircraft producer's stock after acquiring an additional 27,347 shares during the period. Charles Schwab Investment Management Inc. owned about 0.49% of Boeing worth $785,162,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Vanguard Group Inc. boosted its position in shares of Boeing by 0.8% during the third quarter. Vanguard Group Inc. now owns 47,609,508 shares of the aircraft producer's stock valued at $9,125,790,000 after buying an additional 356,496 shares during the last quarter. Morgan Stanley boosted its holdings in shares of Boeing by 1.1% during the 3rd quarter. Morgan Stanley now owns 8,362,267 shares of the aircraft producer's stock valued at $1,602,880,000 after acquiring an additional 91,801 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Boeing by 3.2% during the third quarter. Northern Trust Corp now owns 4,951,181 shares of the aircraft producer's stock valued at $949,042,000 after purchasing an additional 153,168 shares during the last quarter. Jennison Associates LLC bought a new position in Boeing during the fourth quarter valued at approximately $960,397,000. Finally, Invesco Ltd. grew its position in 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. 64.82% of the stock is owned by institutional investors.

Boeing Price Performance

Shares of NYSE BA traded down $1.64 during midday trading on Tuesday, reaching $176.71. 5,070,139 shares of the stock traded hands, compared to its average volume of 9,605,755. The company's 50 day moving average is $182.80 and its 200 day moving average is $206.14. The Boeing Company has a one year low of $159.70 and a one year high of $267.54. The stock has a market capitalization of $108.48 billion, a PE ratio of -49.78 and a beta of 1.54.

Analysts Set New Price Targets

A number of research firms have recently issued reports on BA. UBS Group dropped their price target on Boeing from $275.00 to $250.00 and set a "buy" rating on the stock in a research note on Thursday, March 21st. Bank of America cut their price target on Boeing from $210.00 to $190.00 and set a "neutral" rating for the company in a research note on Thursday, April 11th. TD Cowen lowered their price objective on shares of Boeing from $275.00 to $230.00 and set an "outperform" rating on the stock in a research note on Monday, March 25th. Northcoast Research lowered shares of Boeing from a "neutral" rating to a "sell" rating and set a $140.00 target price for the company. in a research report on Wednesday, April 17th. Finally, Royal Bank of Canada dropped their price target on shares of Boeing from $225.00 to $215.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 16th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, Boeing presently has a consensus rating of "Hold" and a consensus price target of $222.41.

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.

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