Collar Capital Management LLC Purchases New Stake in The Boeing Company (NYSE:BA)

Collar Capital Management LLC acquired a new stake in The Boeing Company (NYSE:BA - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 11,712 shares of the aircraft producer's stock, valued at approximately $2,073,000. Boeing accounts for approximately 1.7% of Collar Capital Management LLC's holdings, making the stock its 22nd largest position.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its position in Boeing by 24.4% during the 4th quarter. Vanguard Group Inc. now owns 64,442,717 shares of the aircraft producer's stock worth $11,406,361,000 after buying an additional 12,641,715 shares during the last quarter. Geode Capital Management LLC grew its holdings in Boeing by 29.5% in the fourth quarter. Geode Capital Management LLC now owns 15,171,869 shares of the aircraft producer's stock valued at $2,677,170,000 after purchasing an additional 3,452,075 shares during the period. Castlekeep Investment Advisors LLC purchased a new stake in Boeing in the 4th quarter worth $568,000. Alyeska Investment Group L.P. purchased a new position in Boeing in the 4th quarter valued at about $526,889,000. Finally, 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 worth $1,151,316,000 after purchasing an additional 1,634,231 shares in the last quarter. 64.82% of the stock is owned by institutional investors.

Insider Activity

In related news, EVP Uma M. Amuluru sold 3,159 shares of the firm's stock in a transaction dated Thursday, February 20th. The shares were 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 transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP David Christopher Raymond sold 3,899 shares of the 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 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. Insiders own 0.09% of the company's stock.

Boeing Trading Up 1.5 %

Shares of NYSE:BA traded up $2.83 on Friday, hitting $194.53. The company had a trading volume of 7,653,112 shares, compared to its average volume of 9,076,289. The stock has a market cap of $146.68 billion, a price-to-earnings ratio of -10.62 and a beta of 1.41. The stock has a 50 day moving average price of $167.01 and a 200 day moving average price of $166.84. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $196.95.

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

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Cowen restated a "buy" rating on shares of Boeing in a research report on Wednesday. Melius Research set a $204.00 price objective on Boeing in a research note on Monday, March 24th. StockNews.com upgraded shares of Boeing to a "sell" rating in a report on Thursday, April 24th. Sanford C. Bernstein raised shares of Boeing from a "market perform" rating to an "outperform" rating and raised their price objective for the stock from $181.00 to $218.00 in a report on Monday, April 28th. Finally, JPMorgan Chase & Co. increased 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. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $201.85.

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.