The Boeing Company (NYSE:BA) Shares Bought by Portside Wealth Group LLC

Portside Wealth Group LLC grew its holdings in The Boeing Company (NYSE:BA - Free Report) by 14.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,136 shares of the aircraft producer's stock after acquiring an additional 2,056 shares during the period. Portside Wealth Group LLC's holdings in Boeing were worth $2,856,000 at the end of the most recent quarter.

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

Boeing Trading Up 1.0%

NYSE:BA traded up $2.01 during midday trading on Friday, hitting $211.03. 4,671,354 shares of the company were exchanged, compared to its average volume of 9,202,591. The Boeing Company has a fifty-two week low of $128.88 and a fifty-two week high of $215.80. The company has a market capitalization of $159.12 billion, a PE ratio of -11.52 and a beta of 1.41. The company has a fifty day simple moving average of $181.73 and a 200 day simple moving average of $174.19.

Boeing (NYSE:BA - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) EPS for the quarter, topping analysts' consensus estimates 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 quarter last year, the firm posted ($1.13) EPS. The firm's revenue for the quarter was up 17.7% on a year-over-year basis. As a group, equities research analysts expect that The Boeing Company will post -2.58 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on BA shares. Wells Fargo & Company restated an "underweight" rating on shares of Boeing in a research report on Thursday, May 22nd. Jefferies Financial Group upped their target price on Boeing from $230.00 to $250.00 and gave the company a "buy" rating in a report on Wednesday. UBS Group lifted their price target on Boeing from $207.00 to $226.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Cowen reaffirmed a "buy" rating on shares of Boeing in a research note on Wednesday, May 7th. Finally, Bank of America upgraded Boeing from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $185.00 to $260.00 in a research report on Monday. Three analysts have rated the stock with a sell rating, three have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $207.85.

Insider Activity

In other Boeing news, EVP David Christopher Raymond sold 3,899 shares of the stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $187.01, for a total transaction of $729,151.99. Following the completion of the sale, the executive vice president now directly owns 42,513 shares of the company's stock, valued at approximately $7,950,356.13. This trade represents a 8.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Brendan J. Nelson sold 640 shares of the company's 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 sale, the senior vice president now owns 13,258 shares of the company's stock, valued at $2,734,860.24. This trade represents a 4.60% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,744 shares of company stock valued at $1,511,370. 0.09% of the stock is currently owned by company insiders.

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.