Caxton Associates LLP Makes New Investment in The Boeing Company $BA

Caxton Associates LLP acquired a new position in shares of The Boeing Company (NYSE:BA - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 8,285 shares of the aircraft producer's stock, valued at approximately $1,413,000.

Several other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in Boeing by 1.9% during the first quarter. Vanguard Group Inc. now owns 65,655,044 shares of the aircraft producer's stock worth $11,197,468,000 after buying an additional 1,212,327 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Boeing by 0.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 4,198,059 shares of the aircraft producer's stock worth $715,979,000 after buying an additional 19,615 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Boeing by 14.9% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,841,432 shares of the aircraft producer's stock worth $502,933,000 after buying an additional 369,306 shares during the period. Zimmer Partners LP purchased a new stake in Boeing during the fourth quarter worth approximately $393,736,000. Finally, Swiss National Bank grew its stake in Boeing by 2.5% during the first quarter. Swiss National Bank now owns 2,110,200 shares of the aircraft producer's stock worth $359,895,000 after buying an additional 51,700 shares during the period. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on BA. Morgan Stanley reiterated an "equal weight" rating on shares of Boeing in a research note on Monday, July 28th. Susquehanna upped their target price on shares of Boeing from $265.00 to $270.00 and gave the company a "positive" rating in a research note on Wednesday, July 30th. Barclays upped their target price on shares of Boeing from $210.00 to $255.00 and gave the company an "overweight" rating in a research note on Tuesday, July 29th. TD Securities downgraded shares of Boeing to a "cautious" rating in a research note on Thursday, May 22nd. Finally, Vertical Research upgraded shares of Boeing from a "hold" rating to a "buy" rating and upped their target price for the company from $242.00 to $270.00 in a research note on Monday. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $230.77.

Insider Buying and Selling at Boeing

In related news, EVP David Christopher Raymond sold 3,771 shares of the company's stock in a transaction on Friday, August 8th. The shares were sold at an average price of $229.94, for a total value of $867,103.74. Following the sale, the executive vice president directly owned 35,873 shares of the company's stock, valued at $8,248,637.62. This represents a 9.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Mortimer J. Buckley purchased 2,200 shares of the business's stock in a transaction that occurred on Tuesday, August 19th. The stock was bought at an average cost of $226.10 per share, for a total transaction of $497,420.00. Following the completion of the acquisition, the director directly owned 2,200 shares of the company's stock, valued at $497,420. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.09% of the company's stock.

Boeing Price Performance

BA opened at $229.49 on Wednesday. The stock has a market capitalization of $173.53 billion, a PE ratio of -13.90 and a beta of 1.48. The firm's fifty day moving average price is $228.35 and its 200 day moving average price is $198.48. The Boeing Company has a 12-month low of $128.88 and a 12-month high of $242.69.

Boeing (NYSE:BA - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The aircraft producer reported ($1.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.92) by ($0.32). The company had revenue of $22.75 billion for the quarter, compared to analysts' expectations of $20.13 billion. Boeing's quarterly revenue was up 34.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($2.90) earnings per share. On average, equities research analysts forecast that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

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.

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