Caisse DE Depot ET Placement DU Quebec Buys 387,278 Shares of The Boeing Company (NYSE:BA)

Caisse DE Depot ET Placement DU Quebec grew its stake in shares of The Boeing Company (NYSE:BA - Free Report) by 2,123.4% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 405,517 shares of the aircraft producer's stock after buying an additional 387,278 shares during the period. Caisse DE Depot ET Placement DU Quebec owned approximately 0.05% of Boeing worth $71,777,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Sierra Ocean LLC acquired a new stake in shares of Boeing during the 4th quarter valued at about $26,000. Sugar Maple Asset Management LLC bought a new stake in shares of Boeing in the 4th quarter valued at approximately $27,000. Fiduciary Advisors Inc. bought a new stake in shares of Boeing in the 4th quarter valued at approximately $28,000. HighMark Wealth Management LLC lifted its position in shares of Boeing by 121.6% during the 4th quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer's stock worth $29,000 after buying an additional 90 shares during the period. Finally, Anfield Capital Management LLC lifted its holdings in shares of Boeing by 113.1% during the fourth quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer's stock valued at $32,000 after acquiring an additional 95 shares during the period. Institutional investors own 64.82% of the company's stock.

Boeing Price Performance

Shares of BA stock traded up $2.60 during trading hours on Friday, reaching $185.49. The company had a trading volume of 8,681,274 shares, compared to its average volume of 9,062,111. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $196.95. The company has a 50 day moving average of $165.14 and a 200 day moving average of $165.82. The firm has a market cap of $139.86 billion, a price-to-earnings ratio of -10.13 and a beta of 1.40.

Boeing (NYSE:BA - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.39) by $0.90. The company had revenue of $19.50 billion for the quarter, compared to analyst estimates of $19.57 billion. Boeing's quarterly revenue was up 17.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($1.13) earnings per share. As a group, sell-side analysts forecast that The Boeing Company will post -2.58 EPS for the current fiscal year.

Insider Activity at Boeing

In other Boeing 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 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.09% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Melius upgraded shares of Boeing from a "hold" rating to a "buy" rating in a research report on Monday, March 24th. Melius Research set a $204.00 target price on Boeing in a report on Monday, March 24th. TD Securities reiterated a "buy" rating and issued a $180.00 price objective on shares of Boeing in a research report on Thursday, April 24th. Citigroup increased their target price on Boeing from $210.00 to $220.00 and gave the stock a "buy" rating in a report on Thursday, April 24th. Finally, Wells Fargo & Company reiterated an "underweight" rating and set a $140.00 price target (up previously from $111.00) on shares of Boeing in a research report on Wednesday, April 23rd. Two analysts have rated the stock with a sell rating, four have given a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Boeing currently has a consensus rating of "Moderate Buy" and an average target price of $200.90.

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.