EWG Elevate Inc. bought a new stake in shares of The Boeing Company (NYSE:BA) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,992 shares of the aircraft producer’s stock, valued at approximately $426,000.

Other institutional investors have also recently made changes to their positions in the company. Intelligence Driven Advisers LLC acquired a new position in shares of The Boeing during the fourth quarter valued at approximately $209,000. Neo Ivy Capital Management acquired a new position in shares of The Boeing during the third quarter valued at approximately $25,000. Tortoise Investment Management LLC raised its holdings in shares of The Boeing by 83.3% during the third quarter. Tortoise Investment Management LLC now owns 165 shares of the aircraft producer’s stock valued at $27,000 after acquiring an additional 75 shares during the last quarter. Hall Laurie J Trustee acquired a new position in shares of The Boeing during the third quarter valued at approximately $33,000. Finally, Dimension Capital Management LLC acquired a new stake in shares of The Boeing in the third quarter valued at approximately $34,000. 51.41% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts recently commented on BA shares. DZ Bank reaffirmed a “buy” rating on shares of The Boeing in a report on Friday, December 11th. Redburn Partners reaffirmed a “sell” rating on shares of The Boeing in a report on Thursday, December 17th. ValuEngine upgraded The Boeing from a “buy” rating to a “strong-buy” rating in a research report on Monday, November 2nd. Benchmark lowered their price objective on The Boeing from $230.00 to $210.00 and set a “buy” rating for the company in a research report on Thursday, November 5th. Finally, 140166 increased their price objective on The Boeing from $220.00 to $275.00 and gave the stock a “positive” rating in a research report on Thursday, November 19th. Eight investment analysts have rated the stock with a sell rating, ten have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. The Boeing currently has an average rating of “Hold” and a consensus price target of $221.75.

NYSE:BA traded down $1.20 during midday trading on Wednesday, reaching $207.21. The company had a trading volume of 8,549,820 shares, compared to its average volume of 15,444,890. The firm has a market capitalization of $116.98 billion, a price-to-earnings ratio of -26.41, a PEG ratio of 111.95 and a beta of 1.65. The stock’s fifty day simple moving average is $219.92 and its 200-day simple moving average is $183.09. The Boeing Company has a 12-month low of $89.00 and a 12-month high of $349.95.

The Boeing (NYSE:BA) last released its earnings results on Wednesday, October 28th. The aircraft producer reported ($1.39) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($2.33) by $0.94. The company had revenue of $14.14 billion during the quarter, compared to analysts’ expectations of $13.81 billion. As a group, equities research analysts predict that The Boeing Company will post -8.95 earnings per share for the current fiscal year.

About The Boeing

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.

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Institutional Ownership by Quarter for The Boeing (NYSE:BA)

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