Sather Financial Group Inc Invests $26.94 Million in The Boeing Company (NYSE:BA)

Sather Financial Group Inc purchased a new stake in shares of The Boeing Company (NYSE:BA) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 152,176 shares of the aircraft producer’s stock, valued at approximately $26,935,000. Boeing accounts for 1.7% of Sather Financial Group Inc’s holdings, making the stock its 22nd biggest position.

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

Boeing Trading Down 0.0 %

Shares of BA opened at $180.51 on Wednesday. The company’s 50-day moving average price is $172.70 and its 200 day moving average price is $163.99. The Boeing Company has a 12-month low of $137.03 and a 12-month high of $209.80. The firm has a market cap of $135.39 billion, a P/E ratio of -9.85 and a beta of 1.52.

Boeing (NYSE:BA) last issued its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same period in the prior year, the firm posted ($0.47) EPS. Equities research analysts forecast that The Boeing Company will post -2.3 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently issued reports on BA. Morgan Stanley dropped their price objective on Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a research note on Thursday, October 24th. UBS Group boosted their target price on Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft raised their target price on Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, January 2nd. Benchmark reissued a “buy” rating and issued a $250.00 price target on shares of Boeing in a research note on Thursday, October 24th. Finally, Citigroup lifted their target price on shares of Boeing from $207.00 to $210.00 and gave the company a “buy” rating in a report on Monday. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $195.16.

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.