Calamos Advisors LLC Increases Position in The Boeing Company (NYSE:BA)

Calamos Advisors LLC lifted its holdings in The Boeing Company (NYSE:BA) by 61.6% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 190,014 shares of the aircraft producer’s stock after buying an additional 72,414 shares during the period. Calamos Advisors LLC’s holdings in Boeing were worth $49,529,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BA. Vanguard Group Inc. increased its stake in Boeing by 0.8% in 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 acquiring an additional 356,496 shares during the last quarter. Moneta Group Investment Advisors LLC lifted its holdings in Boeing by 109,667.8% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 16,055,730 shares of the aircraft producer’s stock worth $3,058,456,000 after buying an additional 16,041,103 shares during the period. Morgan Stanley lifted its position in Boeing by 1.1% in 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 in the last quarter. Nuveen Asset Management LLC increased its holdings in shares of Boeing by 7.9% in the 2nd quarter. Nuveen Asset Management LLC now owns 6,200,798 shares of the aircraft producer’s stock worth $1,309,361,000 after purchasing an additional 452,721 shares in the last quarter. Finally, Northern Trust Corp raised its stake in shares of Boeing by 3.2% in the third quarter. Northern Trust Corp now owns 4,951,181 shares of the aircraft producer’s stock worth $949,042,000 after purchasing an additional 153,168 shares during the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Analyst Upgrades and Downgrades

BA has been the subject of a number of research analyst reports. Susquehanna decreased their price objective on shares of Boeing from $265.00 to $230.00 and set a “positive” rating for the company in a report on Thursday, March 21st. Melius Research restated a “hold” rating on shares of Boeing in a research report on Monday, April 1st. Citigroup lowered their price objective on shares of Boeing from $263.00 to $252.00 and set a “buy” rating on the stock in a research report on Thursday, March 28th. Benchmark reiterated a “buy” rating and issued a $250.00 price target on shares of Boeing in a research report on Tuesday, March 26th. Finally, Morgan Stanley decreased their price target on shares of Boeing from $235.00 to $180.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $229.35.

Boeing Price Performance

NYSE:BA traded up $0.02 during trading hours on Thursday, hitting $170.23. 4,783,699 shares of the company were exchanged, compared to its average volume of 9,765,457. The stock has a market capitalization of $103.86 billion, a price-to-earnings ratio of -46.32, a PEG ratio of 116.39 and a beta of 1.52. The Boeing Company has a 52-week low of $167.53 and a 52-week high of $267.54. The company’s 50 day moving average price is $191.86 and its 200-day moving average price is $207.54.

Boeing (NYSE:BA) last released its earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share for the quarter, topping the consensus estimate of ($0.72) by $0.25. The company had revenue of $22.02 billion for the quarter, compared to analysts’ expectations of $21.14 billion. The firm’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same period in the prior year, the firm posted ($1.75) EPS. On average, equities analysts predict that The Boeing Company will post 0.37 earnings per share for the current year.

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.