2,224,500 Shares in The Boeing Company (NYSE:BA) Purchased by Zimmer Partners LP

Zimmer Partners LP purchased a new stake in The Boeing Company (NYSE:BA - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 2,224,500 shares of the aircraft producer's stock, valued at approximately $393,736,000. Boeing makes up approximately 6.8% of Zimmer Partners LP's investment portfolio, making the stock its 2nd largest holding. Zimmer Partners LP owned approximately 0.30% of Boeing at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of BA. Keynote Financial Services LLC grew its stake in Boeing by 3.8% in the 4th quarter. Keynote Financial Services LLC now owns 1,542 shares of the aircraft producer's stock valued at $273,000 after buying an additional 57 shares in the last quarter. Chaney Capital Management Inc. grew its stake in Boeing by 2.1% in the 4th quarter. Chaney Capital Management Inc. now owns 2,870 shares of the aircraft producer's stock valued at $508,000 after buying an additional 58 shares in the last quarter. Farmers & Merchants Investments Inc. grew its stake in Boeing by 0.6% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 10,608 shares of the aircraft producer's stock valued at $1,878,000 after buying an additional 59 shares in the last quarter. Center for Financial Planning Inc. grew its stake in Boeing by 12.0% in the 4th quarter. Center for Financial Planning Inc. now owns 562 shares of the aircraft producer's stock valued at $99,000 after buying an additional 60 shares in the last quarter. Finally, Trek Financial LLC grew its stake in Boeing by 2.7% in the 4th quarter. Trek Financial LLC now owns 2,307 shares of the aircraft producer's stock valued at $408,000 after buying an additional 60 shares in the last quarter. 64.82% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on BA. JPMorgan Chase & Co. lifted their price objective 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. TD Securities lowered shares of Boeing to a "cautious" rating in a research note on Thursday. Susquehanna reiterated a "positive" rating and issued a $240.00 price objective (up from $205.00) on shares of Boeing in a research note on Wednesday, May 14th. Wells Fargo & Company restated an "underweight" rating on shares of Boeing in a research report on Thursday. Finally, Cowen restated a "buy" rating on shares of Boeing in a research report on Wednesday, May 7th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Boeing has an average rating of "Moderate Buy" and a consensus target price of $204.35.

Boeing Stock Down 0.5%

NYSE:BA traded down $0.92 during midday trading on Friday, hitting $202.49. The company had a trading volume of 5,248,351 shares, compared to its average volume of 9,169,734. The Boeing Company has a 52-week low of $128.88 and a 52-week high of $209.66. The stock's fifty day moving average price is $176.17 and its 200-day moving average price is $170.49. The company has a market capitalization of $152.68 billion, a PE ratio of -11.05 and a beta of 1.41.

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

Insider Buying and Selling at Boeing

In other news, EVP David Christopher Raymond sold 3,899 shares of the company's stock in a transaction dated Friday, May 2nd. The shares were 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 directly owns 42,513 shares of the company's stock, valued at approximately $7,950,356.13. This represents a 8.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Jeffrey S. Shockey sold 3,205 shares of the company's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $202.87, for a total transaction of $650,198.35. Following the transaction, the executive vice president now directly owns 20,513 shares of the company's stock, valued at approximately $4,161,472.31. This trade represents a 13.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,744 shares of company stock worth $1,511,370 over the last three months. Company 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.