Cantor Fitzgerald L. P. Takes $1.29 Million Position in The Boeing Company (NYSE:BA)

Cantor Fitzgerald L. P. purchased a new stake in The Boeing Company (NYSE:BA - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 7,277 shares of the aircraft producer's stock, valued at approximately $1,288,000.

A number of other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. lifted its stake in shares of Boeing by 24.4% in the fourth quarter. Vanguard Group Inc. now owns 64,442,717 shares of the aircraft producer's stock valued at $11,406,361,000 after buying an additional 12,641,715 shares during the period. Geode Capital Management LLC grew its holdings in shares of Boeing by 29.5% during the 4th quarter. Geode Capital Management LLC now owns 15,171,869 shares of the aircraft producer's stock worth $2,677,170,000 after purchasing an additional 3,452,075 shares in the last quarter. Northern Trust Corp increased its position in shares of Boeing by 33.6% during the fourth quarter. Northern Trust Corp now owns 6,504,610 shares of the aircraft producer's stock valued at $1,151,316,000 after purchasing an additional 1,634,231 shares during the period. Fisher Asset Management LLC lifted its position in Boeing by 3.4% in the fourth quarter. Fisher Asset Management LLC now owns 5,030,899 shares of the aircraft producer's stock worth $890,469,000 after purchasing an additional 164,042 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in Boeing by 30.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,178,444 shares of the aircraft producer's stock worth $739,585,000 after buying an additional 981,796 shares in the last quarter. 64.82% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on BA. Citigroup raised their price objective on shares of Boeing from $210.00 to $220.00 and gave the stock a "buy" rating in a report on Thursday, April 24th. Sanford C. Bernstein upgraded Boeing from a "market perform" rating to an "outperform" rating and upped their price objective for the company from $181.00 to $218.00 in a research note on Monday, April 28th. TD Securities restated a "buy" rating and set a $180.00 target price on shares of Boeing in a research report on Thursday, April 24th. Susquehanna upped their price target on Boeing from $200.00 to $205.00 and gave the company a "positive" rating in a research report on Wednesday, January 29th. Finally, Wells Fargo & Company reissued an "underweight" rating and set a $140.00 price objective (up from $111.00) on shares of Boeing in a report on Wednesday, April 23rd. Two research analysts have rated the stock with a sell rating, four have given a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $200.90.

Insider Buying and Selling

In related news, EVP David Christopher Raymond sold 3,899 shares of the business's stock in a transaction that occurred on 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. The trade was a 8.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Uma M. Amuluru sold 3,159 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $180.69, for a total transaction 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 ownership of the stock. The disclosure for this sale can be found here. 0.09% of the stock is owned by insiders.

Boeing Price Performance

Shares of NYSE BA traded down $0.21 during mid-day trading on Wednesday, hitting $185.75. The company's stock had a trading volume of 6,094,324 shares, compared to its average volume of 9,024,452. The Boeing Company has a one year low of $128.88 and a one year high of $196.95. The company's fifty day simple moving average is $165.66 and its 200-day simple moving average is $166.25. The stock has a market cap of $140.05 billion, a price-to-earnings ratio of -10.14 and a beta of 1.41.

Boeing (NYSE:BA - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($1.39) by $0.90. The business had revenue of $19.50 billion during the quarter, compared to the consensus estimate of $19.57 billion. Boeing's revenue was up 17.7% compared to the same quarter last year. During the same period in the previous year, the business posted ($1.13) earnings per share. On average, sell-side analysts predict that The Boeing Company will post -2.58 EPS 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.