Harmony Asset Management LLC Increases Stock Position in The Boeing Company (NYSE:BA)

Harmony Asset Management LLC increased its stake in The Boeing Company (NYSE:BA - Free Report) by 75.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,758 shares of the aircraft producer's stock after acquiring an additional 1,617 shares during the period. Harmony Asset Management LLC's holdings in Boeing were worth $665,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in shares of Boeing by 24.4% during the 4th quarter. Vanguard Group Inc. now owns 64,442,717 shares of the aircraft producer's stock worth $11,406,361,000 after acquiring an additional 12,641,715 shares in the last quarter. Geode Capital Management LLC lifted its stake in Boeing by 29.5% during the fourth quarter. Geode Capital Management LLC now owns 15,171,869 shares of the aircraft producer's stock worth $2,677,170,000 after purchasing an additional 3,452,075 shares during the last quarter. Northern Trust Corp lifted its stake in Boeing by 33.6% during the fourth quarter. Northern Trust Corp now owns 6,504,610 shares of the aircraft producer's stock worth $1,151,316,000 after purchasing an additional 1,634,231 shares during the last quarter. Fisher Asset Management LLC lifted its stake in Boeing by 3.4% during the fourth quarter. Fisher Asset Management LLC now owns 5,030,899 shares of the aircraft producer's stock worth $890,469,000 after purchasing an additional 164,042 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Boeing by 30.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,178,444 shares of the aircraft producer's stock worth $739,585,000 after purchasing an additional 981,796 shares during the last quarter. Hedge funds and other institutional investors own 64.82% of the company's stock.

Boeing Trading Down 0.5%

Shares of NYSE:BA traded down $0.92 during trading on Friday, hitting $202.49. 5,248,351 shares of the stock were exchanged, compared to its average volume of 9,170,977. The company has a fifty day moving average price of $176.17 and a two-hundred day moving average price of $170.33. The company has a market cap of $152.68 billion, a PE ratio of -11.05 and a beta of 1.41. The Boeing Company has a 12-month low of $128.88 and a 12-month high of $209.66.

Boeing (NYSE:BA - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.39) by $0.90. The firm had revenue of $19.50 billion for the quarter, compared to analyst estimates of $19.57 billion. During the same period in the prior year, the firm posted ($1.13) earnings per share. The business's revenue for the quarter was up 17.7% compared to the same quarter last year. Equities research analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, SVP Brendan J. Nelson sold 640 shares of Boeing 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 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 transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP David Christopher Raymond sold 3,899 shares of the firm's stock in a transaction that occurred on 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 owns 42,513 shares in the company, valued at $7,950,356.13. The trade was a 8.40% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,744 shares of company stock valued at $1,511,370. Insiders own 0.09% of the company's stock.

Wall Street Analyst Weigh In

BA has been the topic of a number of research analyst reports. Melius Research set a $204.00 price objective on shares of Boeing in a report on Monday, March 24th. Susquehanna reaffirmed a "positive" rating and issued a $240.00 target price (up from $205.00) on shares of Boeing in a research report on Wednesday, May 14th. JPMorgan Chase & Co. increased their target price on shares of Boeing from $190.00 to $200.00 and gave the company an "overweight" rating in a research report on Wednesday, January 29th. Benchmark decreased their price objective on shares of Boeing from $250.00 to $215.00 and set a "buy" rating for the company in a research note on Monday, April 21st. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $200.00 price objective on shares of Boeing in a research note on Wednesday, April 23rd. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Boeing presently has an average rating of "Moderate Buy" and an average target price of $204.35.

Boeing Company 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.