Blue Capital Inc. Purchases Shares of 8,853 The Boeing Company (NYSE:BA)

Blue Capital Inc. bought a new position in shares of The Boeing Company (NYSE:BA - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 8,853 shares of the aircraft producer's stock, valued at approximately $1,567,000. Boeing accounts for about 1.1% of Blue Capital Inc.'s investment portfolio, making the stock its 29th biggest position.

Other large investors also recently modified their holdings of the company. World Investment Advisors LLC boosted its holdings in Boeing by 243.4% during the third quarter. World Investment Advisors LLC now owns 5,381 shares of the aircraft producer's stock worth $818,000 after purchasing an additional 3,814 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of Boeing by 1,296.3% in the 3rd quarter. Franklin Resources Inc. now owns 1,136,895 shares of the aircraft producer's stock worth $169,386,000 after buying an additional 1,055,472 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Boeing by 6.1% in the third quarter. Principal Financial Group Inc. now owns 666,244 shares of the aircraft producer's stock valued at $101,296,000 after acquiring an additional 38,332 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Boeing by 26.2% during the fourth quarter. GAMMA Investing LLC now owns 5,135 shares of the aircraft producer's stock valued at $909,000 after acquiring an additional 1,066 shares during the last quarter. Finally, CWA Asset Management Group LLC lifted its holdings in Boeing by 37.1% during the fourth quarter. CWA Asset Management Group LLC now owns 3,009 shares of the aircraft producer's stock worth $533,000 after acquiring an additional 815 shares during the period. 64.82% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

BA has been the subject of a number of recent analyst reports. UBS Group upped their price objective on Boeing from $190.00 to $207.00 and gave the company a "buy" rating in a research note on Thursday, April 24th. Wells Fargo & Company restated an "underweight" rating and set a $140.00 price objective (up previously from $111.00) on shares of Boeing in a report on Wednesday, April 23rd. Citigroup boosted their target price on shares of Boeing from $210.00 to $220.00 and gave the company a "buy" rating in a research note on Thursday, April 24th. JPMorgan Chase & Co. raised their price target on shares of Boeing from $190.00 to $200.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 29th. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $200.00 price objective on shares of Boeing in a research note on Wednesday, April 23rd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $200.90.

Boeing Stock Performance

Boeing stock traded down $0.21 during midday trading on Wednesday, reaching $185.75. 6,094,324 shares of the stock were exchanged, compared to its average volume of 9,024,452. The company's fifty day moving average is $165.66 and its 200-day moving average is $166.25. The Boeing Company has a 52 week low of $128.88 and a 52 week high of $196.95. The firm has a market cap of $140.05 billion, a PE ratio of -10.14 and a beta of 1.41.

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

Insider Activity

In other news, EVP Uma M. Amuluru sold 3,159 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $180.69, for a total transaction 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. This represents a 14.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP David Christopher Raymond sold 3,899 shares of the business's stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 42,513 shares of the company's stock, valued at $7,950,356.13. The trade was a 8.40 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.09% of the company's stock.

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.