Picton Mahoney Asset Management lifted its position in The Boeing Company (NYSE:BA - Free Report) by 83.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 81,081 shares of the aircraft producer's stock after purchasing an additional 36,861 shares during the quarter. Picton Mahoney Asset Management's holdings in Boeing were worth $13,829,000 at the end of the most recent quarter.
A number of other hedge funds also recently added to or reduced their stakes in the stock. KKM Financial LLC raised its stake in Boeing by 50.8% during the 4th quarter. KKM Financial LLC now owns 15,368 shares of the aircraft producer's stock valued at $2,720,000 after purchasing an additional 5,175 shares during the period. Wynn Capital LLC acquired a new position in Boeing in the first quarter worth about $584,000. Grant Private Wealth Management Inc acquired a new stake in shares of Boeing during the fourth quarter worth approximately $903,000. Advanced Portfolio Management LLC increased its holdings in shares of Boeing by 182.2% in the fourth quarter. Advanced Portfolio Management LLC now owns 15,000 shares of the aircraft producer's stock valued at $2,655,000 after purchasing an additional 9,684 shares in the last quarter. Finally, Zimmer Partners LP bought a new position in Boeing in the fourth quarter valued at approximately $393,736,000. 64.82% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several research firms have recently commented on BA. Rothschild & Co Redburn raised Boeing from a "neutral" rating to a "buy" rating and set a $275.00 price objective for the company in a report on Friday, June 27th. Wells Fargo & Company reaffirmed an "underweight" rating on shares of Boeing in a research note on Thursday, May 22nd. Jefferies Financial Group lifted their target price on shares of Boeing from $230.00 to $250.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Royal Bank Of Canada reiterated an "outperform" rating and set a $250.00 price objective on shares of Boeing in a report on Wednesday. Finally, Citigroup restated a "buy" rating on shares of Boeing in a report on Monday. Three research analysts have rated the stock with a sell rating, three have given a hold rating, eighteen have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, Boeing currently has a consensus rating of "Moderate Buy" and an average price target of $229.18.
View Our Latest Stock Analysis on Boeing
Insiders Place Their Bets
In other news, EVP Jeffrey S. Shockey sold 3,205 shares of Boeing stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $202.87, for a total transaction of $650,198.35. Following the transaction, the executive vice president directly owned 20,513 shares of the company's stock, valued at $4,161,472.31. The trade was a 13.51% 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 Boeing stock in a transaction that occurred 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 transaction, the senior vice president owned 13,258 shares of the company's stock, valued at approximately $2,734,860.24. This trade represents a 4.60% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.09% of the company's stock.
Boeing Stock Down 0.4%
NYSE:BA traded down $0.95 during mid-day trading on Friday, reaching $220.89. 6,211,638 shares of the company were exchanged, compared to its average volume of 8,610,582. The stock has a market cap of $167.03 billion, a PE ratio of -13.35 and a beta of 1.41. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $242.69. The company has a fifty day moving average of $214.84 and a 200 day moving average of $188.30.
Boeing (NYSE:BA - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The aircraft producer reported ($1.24) EPS for the quarter, missing analysts' consensus estimates of ($0.92) by ($0.32). The business had revenue of $22.75 billion for the quarter, compared to analysts' expectations of $20.13 billion. During the same period last year, the business posted ($2.90) earnings per share. Boeing's revenue for the quarter was up 34.9% on a year-over-year basis. On average, equities research analysts anticipate that The Boeing Company will post -2.58 EPS for the current fiscal year.
Boeing Profile
(
Free Report)
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.
See Also

Before you consider Boeing, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Boeing wasn't on the list.
While Boeing currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.