Blackstone Inc. Invests $35.40 Million in The Boeing Company (NYSE:BA)

Blackstone Inc. bought a new stake in shares of The Boeing Company (NYSE:BA - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 200,000 shares of the aircraft producer's stock, valued at approximately $35,400,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BA. World Investment Advisors LLC raised its stake in Boeing by 243.4% in the 3rd quarter. World Investment Advisors LLC now owns 5,381 shares of the aircraft producer's stock worth $818,000 after acquiring an additional 3,814 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of Boeing by 1,296.3% in the third quarter. Franklin Resources Inc. now owns 1,136,895 shares of the aircraft producer's stock worth $169,386,000 after purchasing an additional 1,055,472 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Boeing by 6.1% during the third quarter. Principal Financial Group Inc. now owns 666,244 shares of the aircraft producer's stock worth $101,296,000 after purchasing an additional 38,332 shares during the period. CWA Asset Management Group LLC boosted its position in Boeing by 37.1% in the fourth quarter. CWA Asset Management Group LLC now owns 3,009 shares of the aircraft producer's stock valued at $533,000 after buying an additional 815 shares during the last quarter. Finally, Doliver Advisors LP increased its holdings in Boeing by 62.9% in the 4th quarter. Doliver Advisors LP now owns 5,397 shares of the aircraft producer's stock worth $955,000 after buying an additional 2,083 shares during the period. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on BA shares. UBS Group upped their price objective on shares of Boeing from $190.00 to $207.00 and gave the company a "buy" rating in a report on Thursday, April 24th. Barclays raised shares of Boeing from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $190.00 to $210.00 in a report on Monday, January 6th. JPMorgan Chase & Co. lifted their price objective on Boeing from $190.00 to $200.00 and gave the company an "overweight" rating in a research note on Wednesday, January 29th. 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. Finally, Susquehanna lifted 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. Two analysts have rated the stock with a sell rating, four have given a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Boeing has an average rating of "Moderate Buy" and a consensus price target of $200.90.

Boeing Stock Up 0.5 %

BA opened at $186.42 on Tuesday. The company has a market cap of $140.56 billion, a PE ratio of -10.18 and a beta of 1.40. The Boeing Company has a twelve month low of $128.88 and a twelve month high of $196.95. The company has a 50-day moving average price of $165.41 and a 200 day moving average price of $166.11.

Boeing (NYSE:BA - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) EPS for the quarter, beating analysts' consensus estimates of ($1.39) by $0.90. The firm had revenue of $19.50 billion for the quarter, compared to analyst estimates 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 company earned ($1.13) EPS. As a group, sell-side analysts expect that The Boeing Company will post -2.58 earnings per share for the current year.

Insider Activity at Boeing

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the company's stock in a transaction on Thursday, February 20th. The stock was 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 directly owns 19,213 shares in the company, valued at $3,471,596.97. This represents a 14.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP David Christopher Raymond sold 3,899 shares of Boeing stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $187.01, for a total value of $729,151.99. Following the transaction, the executive vice president now owns 42,513 shares in the company, valued at approximately $7,950,356.13. This represents a 8.40 % decrease in their position. The disclosure for this sale can be found here. 0.09% of the stock is owned by corporate insiders.

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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