Channing Capital Management LLC Makes New $7.20 Million Investment in The Boeing Company (NYSE:BA)

Channing Capital Management LLC acquired a new stake in shares of The Boeing Company (NYSE:BA) during the 4th quarter, Holdings Channel reports. The firm acquired 27,618 shares of the aircraft producer’s stock, valued at approximately $7,199,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Strategic Blueprint LLC raised its position in Boeing by 8.7% in the 4th quarter. Strategic Blueprint LLC now owns 3,295 shares of the aircraft producer’s stock valued at $859,000 after buying an additional 264 shares during the last quarter. U.S. Capital Wealth Advisors LLC lifted its position in shares of Boeing by 41.5% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 15,761 shares of the aircraft producer’s stock valued at $4,108,000 after purchasing an additional 4,622 shares in the last quarter. Orca Investment Management LLC boosted its holdings in Boeing by 5.5% during the fourth quarter. Orca Investment Management LLC now owns 3,772 shares of the aircraft producer’s stock worth $983,000 after purchasing an additional 195 shares during the last quarter. One Charles Private Wealth Services LLC bought a new stake in Boeing in the 4th quarter worth about $205,000. Finally, Morse Asset Management Inc lifted its position in shares of Boeing by 65.0% during the 3rd quarter. Morse Asset Management Inc now owns 7,999 shares of the aircraft producer’s stock worth $1,533,000 after buying an additional 3,152 shares in the last quarter. Institutional investors own 64.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. StockNews.com lowered shares of Boeing from a “hold” rating to a “sell” rating in a research report on Friday, April 26th. Royal Bank of Canada decreased their price target on shares of Boeing from $225.00 to $215.00 and set an “outperform” rating for the company in a research note on Tuesday, April 16th. UBS Group dropped their price objective on Boeing from $275.00 to $250.00 and set a “buy” rating on the stock in a research note on Thursday, March 21st. Citigroup decreased their target price on Boeing from $252.00 to $224.00 and set a “buy” rating for the company in a research report on Thursday, April 25th. Finally, The Goldman Sachs Group dropped their price target on Boeing from $268.00 to $257.00 and set a “buy” rating on the stock in a research report on Monday, March 25th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $222.41.

Boeing Stock Down 1.3 %

NYSE:BA traded down $2.39 during midday trading on Monday, hitting $177.40. The company had a trading volume of 10,854,913 shares, compared to its average volume of 9,634,536. The stock’s fifty day moving average price is $183.74 and its 200-day moving average price is $206.20. The Boeing Company has a 52-week low of $159.70 and a 52-week high of $267.54. The company has a market capitalization of $108.90 billion, a PE ratio of -51.03 and a beta of 1.54.

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.