229,513 Shares in The Boeing Company (NYSE:BA) Purchased by Woodline Partners LP

Woodline Partners LP bought a new position in The Boeing Company (NYSE:BA - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 229,513 shares of the aircraft producer's stock, valued at approximately $40,624,000.

A number of other hedge funds have also added to or reduced their stakes in BA. Sierra Ocean LLC purchased a new stake in shares of Boeing in the 4th quarter valued at about $26,000. Sugar Maple Asset Management LLC bought a new position in shares of Boeing in the 4th quarter worth $27,000. Fiduciary Advisors Inc. bought a new stake in shares of Boeing during the 4th quarter worth $28,000. HighMark Wealth Management LLC grew its position in Boeing by 121.6% in the fourth quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer's stock worth $29,000 after acquiring an additional 90 shares in the last quarter. Finally, Anfield Capital Management LLC increased its stake in Boeing by 113.1% in 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 last quarter. Hedge funds and other institutional investors own 64.82% of the company's stock.

Insider Buying and Selling

In related news, EVP Uma M. Amuluru sold 3,159 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $180.69, for a total transaction of $570,799.71. Following the completion of the transaction, the executive vice president now owns 19,213 shares of the company's stock, valued at $3,471,596.97. This trade represents a 14.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Brendan J. Nelson sold 640 shares of the business's stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $206.28, for a total value of $132,019.20. Following the completion of the sale, the senior vice president now directly owns 13,258 shares in the company, valued at $2,734,860.24. This trade represents a 4.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 10,903 shares of company stock worth $2,082,169 in the last three months. 0.09% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have recently issued reports on BA. Citigroup upped their price objective on Boeing from $210.00 to $220.00 and gave the stock a "buy" rating in a report on Thursday, April 24th. Melius raised Boeing from a "hold" rating to a "buy" rating in a research note on Monday, March 24th. Wells Fargo & Company reissued an "underweight" rating and set a $140.00 price target (up from $111.00) on shares of Boeing in a research note on Wednesday, April 23rd. UBS Group boosted their price objective on shares of Boeing from $207.00 to $226.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Finally, Sanford C. Bernstein raised shares of Boeing from a "market perform" rating to an "outperform" rating and increased their target price for the company from $181.00 to $218.00 in a report on Monday, April 28th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Boeing presently has a consensus rating of "Moderate Buy" and a consensus price target of $204.35.

Boeing Stock Performance

BA stock opened at $205.21 on Tuesday. The Boeing Company has a fifty-two week low of $128.88 and a fifty-two week high of $209.66. The company has a market capitalization of $154.73 billion, a price-to-earnings ratio of -11.20 and a beta of 1.41. The business's 50 day moving average price is $172.73 and its two-hundred day moving average price is $169.14.

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

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.

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