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

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in The Boeing Company (NYSE:BA - Free Report) by 43.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 139,533 shares of the aircraft producer's stock after purchasing 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 reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of BA. Amundi lifted its stake in shares of Boeing by 473.6% during the 4th quarter. Amundi now owns 1,565,337 shares of the aircraft producer's stock valued at $268,862,000 after buying an additional 1,292,417 shares in the last quarter. KKM Financial LLC raised its holdings in Boeing by 50.8% during the fourth quarter. KKM Financial LLC now owns 15,368 shares of the aircraft producer's stock valued at $2,720,000 after acquiring an additional 5,175 shares during the period. Grant Private Wealth Management Inc purchased a new position in shares of Boeing in the fourth quarter valued at about $903,000. Tandem Capital Management Corp ADV boosted its stake in shares of Boeing by 65.2% in the fourth quarter. Tandem Capital Management Corp ADV now owns 13,815 shares of the aircraft producer's stock worth $2,445,000 after acquiring an additional 5,451 shares during the period. Finally, Winslow Asset Management Inc. grew its position in shares of Boeing by 8.2% during the fourth quarter. Winslow Asset Management Inc. now owns 40,761 shares of the aircraft producer's stock worth $7,215,000 after purchasing an additional 3,096 shares in the last quarter. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on BA shares. Royal Bank of Canada reissued an "outperform" rating and issued a $200.00 price target on shares of Boeing in a report on Wednesday, April 23rd. Susquehanna reaffirmed a "positive" rating and set a $240.00 price objective (up from $205.00) on shares of Boeing in a research note on Wednesday, May 14th. Sanford C. Bernstein upgraded shares of Boeing from a "market perform" rating to an "outperform" rating and raised their target price for the stock from $181.00 to $218.00 in a report on Monday, April 28th. JPMorgan Chase & Co. lifted 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. Finally, Citigroup reissued a "buy" rating on shares of Boeing in a research report on Thursday. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Boeing has an average rating of "Moderate Buy" and a consensus price target of $204.35.

Boeing Price Performance

Boeing stock traded down $0.92 during midday trading on Monday, reaching $202.49. The company's stock had a trading volume of 5,248,351 shares, compared to its average volume of 9,169,734. The stock has a market capitalization of $152.68 billion, a P/E ratio of -11.05 and a beta of 1.41. The stock's 50-day simple moving average is $176.17 and its 200-day simple moving average is $170.62. The Boeing Company has a 52-week low of $128.88 and a 52-week high of $209.66.

Boeing (NYSE:BA - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $19.50 billion for the quarter, compared to analyst estimates of $19.57 billion. The business's revenue was up 17.7% compared to the same quarter last year. During the same quarter last year, the company earned ($1.13) EPS. As a group, equities research analysts expect that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, EVP David Christopher Raymond sold 3,899 shares of the 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 sale, the executive vice president now directly owns 42,513 shares of the company's stock, valued at $7,950,356.13. This represents a 8.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Brendan J. Nelson sold 640 shares of the company'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 directly owns 13,258 shares of the company's stock, valued at $2,734,860.24. The trade was a 4.60% decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,744 shares of company stock worth $1,511,370 in the last 90 days. Insiders own 0.09% of the company's stock.

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.