Bayesian Capital Management LP Invests $5.91 Million in The Boeing Company (NYSE:BA)

Bayesian Capital Management LP acquired a new position in shares of The Boeing Company (NYSE:BA - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 33,400 shares of the aircraft producer's stock, valued at approximately $5,912,000. Boeing makes up approximately 0.7% of Bayesian Capital Management LP's investment portfolio, making the stock its 17th largest position.

Other institutional investors have also recently modified their holdings of the company. Sierra Ocean LLC purchased a new stake in Boeing in the fourth quarter valued at approximately $26,000. Sugar Maple Asset Management LLC acquired a new stake in shares of Boeing during the 4th quarter worth $27,000. Fiduciary Advisors Inc. acquired a new position in Boeing in the fourth quarter valued at $28,000. HighMark Wealth Management LLC grew its position in Boeing by 121.6% during the fourth quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer's stock valued at $29,000 after acquiring an additional 90 shares during the period. Finally, Anfield Capital Management LLC raised its holdings in shares of Boeing by 113.1% in the 4th quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer's stock worth $32,000 after purchasing an additional 95 shares during the period. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Boeing Stock Down 0.2 %

BA stock traded down $0.33 during mid-day trading on Tuesday, reaching $186.13. The company had a trading volume of 4,918,720 shares, compared to its average volume of 9,020,449. The stock's 50-day simple moving average is $165.41 and its two-hundred day simple moving average is $166.11. The stock has a market capitalization of $140.35 billion, a P/E ratio of -10.16 and a beta of 1.40. The Boeing Company has a one year low of $128.88 and a one year high of $196.95.

Boeing (NYSE:BA - Get Free Report) last announced 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 firm had revenue of $19.50 billion during the quarter, compared to analyst estimates of $19.57 billion. Boeing's revenue for the quarter was up 17.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($1.13) EPS. On average, research analysts forecast that The Boeing Company will post -2.58 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, EVP David Christopher Raymond sold 3,899 shares of the firm's stock in a transaction dated Friday, May 2nd. The stock was 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 of the company's stock, valued at $7,950,356.13. This trade represents a 8.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Uma M. Amuluru sold 3,159 shares of Boeing stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $180.69, for a total value of $570,799.71. Following the transaction, the executive vice president now directly owns 19,213 shares in the company, valued at approximately $3,471,596.97. The trade was 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 currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Susquehanna lifted their price target on shares of Boeing from $200.00 to $205.00 and gave the company a "positive" rating in a research report on Wednesday, January 29th. Wells Fargo & Company reaffirmed an "underweight" rating and issued a $140.00 target price (up previously from $111.00) on shares of Boeing in a research report on Wednesday, April 23rd. UBS Group upped their price target on Boeing from $190.00 to $207.00 and gave the stock a "buy" rating in a report on Thursday, April 24th. Barclays upgraded shares of Boeing from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $190.00 to $210.00 in a research note on Monday, January 6th. Finally, JPMorgan Chase & Co. upped their target price on shares of Boeing from $190.00 to $200.00 and gave the company an "overweight" rating in a research note on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Boeing currently has a consensus rating of "Moderate Buy" and an average price target of $200.90.

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.