TCW Group Inc. Has $3.12 Million Stake in The Boeing Company (NYSE:BA)

Key Points

• TCW Group Inc. increased its stake in The Boeing Company by 14.2% during the first quarter, bringing its total holdings to 18,276 shares valued at approximately $3.12 million.
• Institutional investors own 64.82% of Boeing's stock, with notable increases in positions from several hedge funds, including KKM Financial and Advanced Portfolio Management.
• Boeing's stock is currently rated as a "Moderate Buy" by analysts, with a consensus target price of $221.55; however, research reports show a mix of ratings, with some recent downgrades.

TCW Group Inc. grew its holdings in shares of The Boeing Company (NYSE:BA - Free Report) by 14.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,276 shares of the aircraft producer's stock after acquiring an additional 2,268 shares during the period. TCW Group Inc.'s holdings in Boeing were worth $3,117,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. KKM Financial LLC grew its position in shares of Boeing by 50.8% during the 4th quarter. KKM Financial LLC now owns 15,368 shares of the aircraft producer's stock worth $2,720,000 after buying an additional 5,175 shares during the period. Wynn Capital LLC bought a new position in Boeing during the first quarter worth $584,000. Grant Private Wealth Management Inc acquired a new stake in Boeing in the fourth quarter worth $903,000. Advanced Portfolio Management LLC increased its stake in 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 stake in Boeing in the fourth quarter valued at $393,736,000. 64.82% of the stock is owned by institutional investors.

Boeing Trading Up 0.8%

Shares of Boeing stock opened at $233.02 on Monday. The business's fifty day simple moving average is $213.01 and its 200 day simple moving average is $186.96. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $235.27. The firm has a market capitalization of $175.70 billion, a P/E ratio of -13.00 and a beta of 1.41.

Wall Street Analyst Weigh In

BA has been the topic of a number of research analyst reports. Benchmark cut their price objective on shares of Boeing from $250.00 to $215.00 and set a "buy" rating on the stock in a research report on Monday, April 21st. Wall Street Zen lowered Boeing from a "hold" rating to a "sell" rating in a report on Saturday, May 17th. JPMorgan Chase & Co. raised their price objective on Boeing from $200.00 to $230.00 and gave the company an "overweight" rating in a research note on Wednesday, July 16th. Royal Bank Of Canada restated a "cautious" rating on shares of Boeing in a report on Thursday, June 12th. Finally, The Goldman Sachs Group set a $212.00 target price on Boeing and gave the stock a "buy" rating in a report on Thursday, June 12th. Four equities research analysts have rated the stock with a sell rating, three have issued a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Boeing has a consensus rating of "Moderate Buy" and a consensus target price of $221.55.

Insider Activity

In related news, EVP David Christopher Raymond sold 3,899 shares of the firm's stock in a transaction dated 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 sale, the executive vice president owned 42,513 shares in the company, valued at approximately $7,950,356.13. This trade represents a 8.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Brendan J. Nelson sold 640 shares of the business's stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $206.28, for a total transaction of $132,019.20. Following the completion of the transaction, the senior vice president owned 13,258 shares in the company, valued at approximately $2,734,860.24. The trade was a 4.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,744 shares of company stock valued at $1,511,370 in the last ninety days. 0.09% of the stock is currently owned by insiders.

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.

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