Tandem Capital Management Corp ADV Acquires 5,451 Shares of The Boeing Company (NYSE:BA)

Tandem Capital Management Corp ADV boosted its holdings in shares of The Boeing Company (NYSE:BA - Free Report) by 65.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,815 shares of the aircraft producer's stock after buying an additional 5,451 shares during the quarter. Boeing makes up approximately 1.3% of Tandem Capital Management Corp ADV's investment portfolio, making the stock its 24th largest position. Tandem Capital Management Corp ADV's holdings in Boeing were worth $2,445,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Van ECK Associates Corp raised its holdings in Boeing by 122.0% in the 3rd quarter. Van ECK Associates Corp now owns 2,277,548 shares of the aircraft producer's stock valued at $357,712,000 after acquiring an additional 1,251,456 shares during the period. International Assets Investment Management LLC increased its stake in shares of Boeing by 289.8% during the third quarter. International Assets Investment Management LLC now owns 1,682,970 shares of the aircraft producer's stock worth $2,558,790,000 after purchasing an additional 1,251,165 shares during the period. Franklin Resources Inc. lifted its holdings in Boeing by 1,296.3% during the 3rd quarter. Franklin Resources Inc. now owns 1,136,895 shares of the aircraft producer's stock worth $169,386,000 after purchasing an additional 1,055,472 shares during the last quarter. State Street Corp boosted its stake in Boeing by 2.3% in the 3rd quarter. State Street Corp now owns 27,778,195 shares of the aircraft producer's stock valued at $4,223,397,000 after purchasing an additional 636,594 shares during the period. Finally, Jennison Associates LLC grew its holdings in Boeing by 9.9% in the 3rd quarter. Jennison Associates LLC now owns 6,700,706 shares of the aircraft producer's stock valued at $1,018,775,000 after buying an additional 602,143 shares in the last quarter. Institutional investors own 64.82% of the company's stock.

Boeing Stock Down 1.8 %

BA stock traded down $3.29 during mid-day trading on Friday, reaching $181.51. 5,385,293 shares of the company traded hands, compared to its average volume of 8,238,702. The firm's 50 day moving average price is $171.70 and its 200 day moving average price is $164.27. The stock has a market cap of $112.21 billion, a price-to-earnings ratio of -9.91 and a beta of 1.52. The Boeing Company has a fifty-two week low of $137.03 and a fifty-two week high of $213.10.

Boeing (NYSE:BA - Get Free Report) last announced its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same quarter in the prior year, the firm posted ($0.47) EPS. On average, analysts anticipate that The Boeing Company will post -2.12 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on BA. Wells Fargo & Company boosted their price target on Boeing from $85.00 to $103.00 and gave the company an "underweight" rating in a research note on Wednesday, January 29th. Royal Bank of Canada reissued an "outperform" rating and issued a $200.00 price objective on shares of Boeing in a research note on Wednesday, January 29th. Northcoast Research upgraded Boeing from a "sell" rating to a "neutral" rating in a research note on Thursday, December 12th. JPMorgan Chase & Co. upped their price objective on Boeing from $190.00 to $200.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 29th. Finally, Benchmark reiterated a "buy" rating and issued a $250.00 target price on shares of Boeing in a research report on Thursday, October 24th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Boeing presently has an average rating of "Moderate Buy" and an average target price of $195.00.

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.