The Boeing Company (NYSE:BA) Shares Bought by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in shares of The Boeing Company (NYSE:BA - Free Report) by 43.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 139,533 shares of the aircraft producer's stock after buying an additional 41,970 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in Boeing were worth $24,697,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Hartford Financial Management Inc. grew its position in Boeing by 4.2% in the 4th quarter. Hartford Financial Management Inc. now owns 10,501 shares of the aircraft producer's stock valued at $1,859,000 after acquiring an additional 428 shares during the last quarter. Annex Advisory Services LLC bought a new position in shares of Boeing during the 4th quarter worth $205,000. MassMutual Private Wealth & Trust FSB grew its position in shares of Boeing by 7.9% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,916 shares of the aircraft producer's stock worth $516,000 after buying an additional 214 shares in the last quarter. ZWJ Investment Counsel Inc. bought a new position in shares of Boeing during the 4th quarter worth $225,000. Finally, Ballentine Partners LLC grew its position in shares of Boeing by 27.7% during the 4th quarter. Ballentine Partners LLC now owns 5,788 shares of the aircraft producer's stock worth $1,024,000 after buying an additional 1,254 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on BA. Royal Bank of Canada reissued an "outperform" rating and set a $200.00 price target on shares of Boeing in a research report on Wednesday, April 23rd. Morgan Stanley reissued an "equal weight" rating on shares of Boeing in a research report on Thursday. Benchmark dropped their price target on Boeing from $250.00 to $215.00 and set a "buy" rating on the stock in a research report on Monday, April 21st. UBS Group increased their price target on Boeing from $207.00 to $226.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Finally, Cowen reissued a "buy" rating on shares of Boeing in a research report on Wednesday, May 7th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $204.35.

Insider Transactions at Boeing

In other news, EVP Jeffrey S. Shockey sold 3,205 shares of the firm's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $202.87, for a total value of $650,198.35. Following the completion of the transaction, the executive vice president now directly owns 20,513 shares in the company, valued at $4,161,472.31. This trade represents a 13.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Brendan J. Nelson sold 640 shares of the firm's stock in a transaction dated 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 transaction, the senior vice president now owns 13,258 shares of the company's stock, valued at approximately $2,734,860.24. The trade was a 4.60% 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. 0.09% of the stock is currently owned by insiders.

Boeing Price Performance

Boeing stock traded down $0.92 during midday trading on Friday, reaching $202.49. The company's stock had a trading volume of 5,248,351 shares, compared to its average volume of 9,170,977. The stock's 50-day simple moving average is $176.17 and its 200-day simple moving average is $170.33. The Boeing Company has a 52-week low of $128.88 and a 52-week high of $209.66. The stock has a market capitalization of $152.68 billion, a P/E ratio of -11.05 and a beta of 1.41.

Boeing (NYSE:BA - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) EPS for the quarter, beating 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) earnings per share. The company's quarterly revenue was up 17.7% compared to the same quarter last year. As a group, equities research analysts expect that The Boeing Company will post -2.58 earnings per share for the current fiscal 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.