The Boeing Company $BA Stock Position Raised by AQR Capital Management LLC

AQR Capital Management LLC lifted its stake in shares of The Boeing Company (NYSE:BA - Free Report) by 522.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 69,170 shares of the aircraft producer's stock after acquiring an additional 58,059 shares during the quarter. AQR Capital Management LLC's holdings in Boeing were worth $11,797,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Monetary Management Group Inc. raised its holdings in shares of Boeing by 33.3% during the first quarter. Monetary Management Group Inc. now owns 200 shares of the aircraft producer's stock valued at $34,000 after acquiring an additional 50 shares during the period. Heritage Financial Services LLC grew its position in Boeing by 4.2% during the 1st quarter. Heritage Financial Services LLC now owns 1,264 shares of the aircraft producer's stock worth $216,000 after purchasing an additional 51 shares in the last quarter. Wood Tarver Financial Group LLC raised its stake in Boeing by 14.3% during the 1st quarter. Wood Tarver Financial Group LLC now owns 439 shares of the aircraft producer's stock valued at $75,000 after purchasing an additional 55 shares during the period. Signature Wealth Management Partners LLC lifted its holdings in shares of Boeing by 2.0% in the first quarter. Signature Wealth Management Partners LLC now owns 2,888 shares of the aircraft producer's stock valued at $493,000 after purchasing an additional 57 shares in the last quarter. Finally, Byrne Financial Freedom LLC boosted its position in shares of Boeing by 3.0% in the first quarter. Byrne Financial Freedom LLC now owns 1,993 shares of the aircraft producer's stock worth $340,000 after buying an additional 58 shares during the period. 64.82% of the stock is owned by institutional investors.

Insider Buying and Selling at Boeing

In other news, EVP David Christopher Raymond sold 3,771 shares of the stock in a transaction on Friday, August 8th. The shares were sold at an average price of $229.94, for a total transaction of $867,103.74. Following the transaction, the executive vice president owned 35,873 shares in the company, valued at $8,248,637.62. This represents a 9.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Mortimer J. Buckley purchased 2,200 shares of the company's stock in a transaction dated Tuesday, August 19th. The shares were acquired at an average price of $226.10 per share, for a total transaction of $497,420.00. Following the purchase, the director owned 2,200 shares in the company, valued at $497,420. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.09% of the company's stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Royal Bank Of Canada reissued an "outperform" rating and set a $250.00 price target on shares of Boeing in a research report on Wednesday, July 30th. Jefferies Financial Group lifted their target price on Boeing from $230.00 to $250.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Citigroup reissued a "buy" rating on shares of Boeing in a research report on Monday, July 28th. The Goldman Sachs Group set a $212.00 price objective on shares of Boeing and gave the company a "buy" rating in a research report on Thursday, June 12th. Finally, Wells Fargo & Company reiterated an "underweight" rating on shares of Boeing in a research report on Thursday, May 22nd. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $230.77.

Boeing Stock Down 0.9%

Shares of BA opened at $227.41 on Thursday. The company's fifty day moving average is $228.66 and its 200-day moving average is $198.67. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $242.69. The firm has a market cap of $171.96 billion, a price-to-earnings ratio of -13.77 and a beta of 1.48.

Boeing (NYSE:BA - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The aircraft producer reported ($1.24) EPS for the quarter, missing the consensus estimate of ($0.92) by ($0.32). The firm had revenue of $22.75 billion for the quarter, compared to the consensus estimate of $20.13 billion. During the same quarter last year, the business posted ($2.90) EPS. The firm's revenue was up 34.9% compared to the same quarter last year. As a group, research analysts predict that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

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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