Is Boeing’s 787 Progress Making These Top Institutional Shareholders Happy?

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Boeing (NYSE:BA) is prepared to begin to test a redesigned battery system intended to prevent fires on its flagship 787 Dreamliner, and analysts upgraded its rating and lifted their targets for the stock price. According to some analysts, the high-tech plane, which was grounded globally in January, could be flying passengers again as soon as May, which is after the U.S. Federal Aviation Administration approved Boeing’s plan to certify the battery system. Although the carbon-composite jet has only started what could be a rigorous testing regimen and faces public hearings in April concerning the safety of its lithium-ion batteries, the FAA’s approval of testing seemed to diminish uncertainty. Investors realized that “the 787 isn’t the end of the world,” stated Ken Herbert, an analyst at Imperial Capital in San Francisco, Reuters reports.

These institutional firms indicated owning shares of Boeing in Q4 2012. They reported owning a total of 576.172 million shares on 12/31/2012. The shares closed at $74.88 on 12/31/2012.

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Here are the ten largest positions in Boeing at the end of December 31, 2012.

Capital World Investors held 65,183,500 shares on 12/31/2012 worth $4,912,228,600. This brought the portfolio total to 1.82 percent.

Evercore Trust Company N.A. held 64,066,646 shares on 12/31/2012 worth $4,828,062,482. This brought the portfolio total to 19.89 percent.

State Street Corp held 32,411,858 shares on 12/31/2012 worth $2,442,557,639. This brought the portfolio total to 0.35 percent.

Vanguard Group Inc held 32,404,483 shares on 12/31/2012 worth $2,442,001,859. This brought the portfolio total to 0.31 percent.

Price T Rowe Associates Inc /MD/ held 31,191,388 shares on 12/31/2012 worth $2,350,583,019. This brought the portfolio total to 0.69 percent.

Blackrock Institutional Trust Company N.A. held 18,489,524 shares on 12/31/2012 worth $1,393,370,540. This brought the portfolio total to 0.32 percent.

Jennison Associates LLC held 12,663,099 shares on 12/31/2012 worth $954,291,148. This brought the portfolio total to 1.15 percent.

Wellington Management Co LLP held 11,462,113 shares on 12/31/2012 worth $863,784,843. This brought the portfolio total to 0.06 percent.

Northern Trust Corp held 9,584,290 shares on 12/31/2012 worth $722,272,100. This brought the portfolio total to 0.3 percent.

Neuberger Berman Group LLC held 8,865,899 shares on 12/31/2012 worth $668,134,154. This brought the portfolio total to 0.9 percent.

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