QRG Capital Management Inc. Acquires 8,591 Shares of The Boeing Company (NYSE:BA)

QRG Capital Management Inc. lifted its stake in The Boeing Company (NYSE:BA - Free Report) by 15.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 66,003 shares of the aircraft producer's stock after acquiring an additional 8,591 shares during the period. QRG Capital Management Inc.'s holdings in Boeing were worth $11,257,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Revolve Wealth Partners LLC purchased a new stake in shares of Boeing in the fourth quarter worth $201,000. Allspring Global Investments Holdings LLC raised its position in shares of Boeing by 38.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 98,456 shares of the aircraft producer's stock worth $16,922,000 after buying an additional 27,366 shares in the last quarter. Bank Pictet & Cie Europe AG purchased a new stake in shares of Boeing in the fourth quarter worth $7,837,000. Nations Financial Group Inc. IA ADV raised its position in shares of Boeing by 88.9% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 7,639 shares of the aircraft producer's stock worth $1,352,000 after buying an additional 3,594 shares in the last quarter. Finally, Ellis Investment Partners LLC raised its position in shares of Boeing by 10.2% in the fourth quarter. Ellis Investment Partners LLC now owns 2,907 shares of the aircraft producer's stock worth $515,000 after buying an additional 270 shares in the last quarter. 64.82% of the stock is owned by institutional investors.

Boeing Trading Down 1.3%

Shares of BA stock traded down $2.64 during trading hours on Wednesday, reaching $197.62. The company's stock had a trading volume of 7,910,147 shares, compared to its average volume of 9,444,271. The stock has a market capitalization of $149.01 billion, a P/E ratio of -11.03 and a beta of 1.43. The Boeing Company has a one year low of $128.88 and a one year high of $218.80. The firm's fifty day simple moving average is $190.97 and its 200 day simple moving average is $177.59.

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 for the quarter, topping analysts' consensus estimates of ($1.39) by $0.90. The business had revenue of $19.50 billion during the quarter, compared to the consensus estimate of $19.57 billion. Boeing's quarterly revenue was up 17.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($1.13) earnings per share. As a group, equities research analysts forecast that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Insider Buying and Selling at Boeing

In other news, EVP Jeffrey S. Shockey sold 3,205 shares of the business's stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $202.87, for a total value of $650,198.35. Following the sale, the executive vice president now directly owns 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP David Christopher Raymond sold 3,899 shares of the business's stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $187.01, for a total value of $729,151.99. Following the completion of the sale, the executive vice president now directly owns 42,513 shares in the company, valued at approximately $7,950,356.13. This represents a 8.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,744 shares of company stock valued at $1,511,370. 0.09% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on BA. Jefferies Financial Group raised their price target on Boeing from $230.00 to $250.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Susquehanna restated a "positive" rating and set a $240.00 price target (up previously from $205.00) on shares of Boeing in a research report on Wednesday, May 14th. Wall Street Zen downgraded Boeing from a "hold" rating to a "sell" rating in a research report on Saturday, May 17th. UBS Group raised their price target on Boeing from $207.00 to $226.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Finally, The Goldman Sachs Group set a $212.00 price target on Boeing and gave the company a "buy" rating in a research report on Thursday, June 12th. Four analysts have rated the stock with a sell rating, three have assigned a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Boeing has a consensus rating of "Moderate Buy" and a consensus price target of $209.85.

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.