1,500,000 Shares in The Boeing Company (NYSE:BA) Bought by Sculptor Capital LP

Sculptor Capital LP acquired a new position in shares of The Boeing Company (NYSE:BA - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 1,500,000 shares of the aircraft producer's stock, valued at approximately $265,500,000. Boeing comprises about 3.6% of Sculptor Capital LP's investment portfolio, making the stock its 3rd largest position. Sculptor Capital LP owned approximately 0.20% of Boeing as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Shellback Capital LP acquired a new position in shares of Boeing in the fourth quarter valued at approximately $7,080,000. Seven Grand Managers LLC acquired a new stake in shares of Boeing during the fourth quarter worth $8,850,000. Rafferty Asset Management LLC grew its position in Boeing by 104.5% in the 4th quarter. Rafferty Asset Management LLC now owns 169,485 shares of the aircraft producer's stock valued at $29,999,000 after buying an additional 86,612 shares during the last quarter. Ratan Capital Management LP acquired a new position in Boeing in the 4th quarter valued at $20,614,000. Finally, Prentice Capital Management LP acquired a new position in Boeing in the 4th quarter valued at $5,129,000. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Boeing

In related news, EVP Jeffrey S. Shockey sold 3,205 shares of the business's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $202.87, for a total value of $650,198.35. Following the completion of the transaction, the executive vice president now owns 20,513 shares of the company's stock, valued at approximately $4,161,472.31. The trade was a 13.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP David Christopher Raymond sold 3,899 shares of the company's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $187.01, for a total transaction of $729,151.99. Following the completion of the transaction, the executive vice president now owns 42,513 shares in the company, valued at approximately $7,950,356.13. This trade represents a 8.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,263 shares of company stock valued at $1,950,150. 0.09% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Royal Bank of Canada restated an "outperform" rating and issued a $200.00 target price on shares of Boeing in a research note on Wednesday, April 23rd. Wells Fargo & Company reissued an "underweight" rating and set a $140.00 price target (up from $111.00) on shares of Boeing in a report on Wednesday, April 23rd. StockNews.com downgraded shares of Boeing from a "hold" rating to a "sell" rating in a research report on Saturday. Melius raised Boeing from a "hold" rating to a "buy" rating in a report on Monday, March 24th. Finally, Melius Research set a $204.00 target price on Boeing in a research note on Monday, March 24th. Two analysts have rated the stock with a sell rating, four have given a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, Boeing currently has a consensus rating of "Moderate Buy" and a consensus target price of $204.35.

Boeing Trading Down 0.2%

Shares of NYSE BA opened at $205.88 on Friday. The company's 50-day moving average price is $171.81 and its 200 day moving average price is $168.55. The Boeing Company has a 52 week low of $128.88 and a 52 week high of $209.66. The stock has a market cap of $155.23 billion, a price-to-earnings ratio of -11.24 and a beta of 1.41.

Boeing (NYSE:BA - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) EPS for the quarter, beating the consensus estimate of ($1.39) by $0.90. The business had revenue of $19.50 billion during the quarter, compared to analyst estimates of $19.57 billion. During the same quarter in the prior year, the company earned ($1.13) earnings per share. The firm's revenue for the quarter was up 17.7% compared to the same quarter last year. As a group, research analysts expect that The Boeing Company will post -2.58 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.

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