50,000 Shares in The Boeing Company (NYSE:BA) Acquired by Seven Grand Managers LLC

Seven Grand Managers LLC bought a new position in shares of The Boeing Company (NYSE:BA - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 50,000 shares of the aircraft producer's stock, valued at approximately $8,850,000. Boeing accounts for 4.1% of Seven Grand Managers LLC's investment portfolio, making the stock its 4th biggest position.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sierra Ocean LLC bought a new stake in Boeing during the 4th quarter valued at approximately $26,000. Sugar Maple Asset Management LLC acquired a new position in shares of Boeing during the fourth quarter worth approximately $27,000. Fiduciary Advisors Inc. bought a new stake in shares of Boeing in the fourth quarter valued at approximately $28,000. HighMark Wealth Management LLC grew its stake in shares of Boeing by 121.6% in the fourth quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer's stock worth $29,000 after acquiring an additional 90 shares during the last quarter. Finally, Anfield Capital Management LLC increased its position in Boeing by 113.1% during the fourth quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer's stock worth $32,000 after acquiring an additional 95 shares during the period. Institutional investors and hedge funds own 64.82% of the company's stock.

Boeing Stock Performance

Shares of NYSE:BA opened at $206.20 on Friday. The company's fifty day moving average is $170.78 and its 200-day moving average is $168.18. The Boeing Company has a 52 week low of $128.88 and a 52 week high of $209.66. The company has a market capitalization of $155.48 billion, a PE ratio of -11.26 and a beta of 1.41.

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

Insider Activity

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the firm's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $180.69, for a total value of $570,799.71. Following the completion of the sale, the executive vice president now owns 19,213 shares in the company, valued at approximately $3,471,596.97. This trade represents a 14.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Jeffrey S. Shockey sold 3,205 shares of the company's stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $202.87, for a total transaction of $650,198.35. Following the transaction, the executive vice president now owns 20,513 shares in the company, valued at $4,161,472.31. The trade was a 13.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,263 shares of company stock worth $1,950,150. Insiders own 0.09% of the company's stock.

Analyst Ratings Changes

A number of brokerages have weighed in on BA. Wells Fargo & Company reissued an "underweight" rating and issued a $140.00 price target (up from $111.00) on shares of Boeing in a report on Wednesday, April 23rd. Citigroup upped their price objective on shares of Boeing from $210.00 to $220.00 and gave the company a "buy" rating in a research report on Thursday, April 24th. Cowen reissued a "buy" rating on shares of Boeing in a research report on Wednesday, May 7th. UBS Group boosted their price target on Boeing from $207.00 to $226.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Finally, Susquehanna reiterated a "positive" rating and issued a $240.00 price objective (up previously from $205.00) on shares of Boeing in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Boeing currently has an average rating of "Moderate Buy" and an average price target of $203.60.

About Boeing

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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