Lazari Capital Management Inc. Increases Position in The Boeing Company (NYSE:BA)

Lazari Capital Management Inc. grew its holdings in The Boeing Company (NYSE:BA - Free Report) by 7.9% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 30,845 shares of the aircraft producer's stock after buying an additional 2,246 shares during the quarter. Boeing accounts for approximately 2.1% of Lazari Capital Management Inc.'s holdings, making the stock its 10th biggest holding. Lazari Capital Management Inc.'s holdings in Boeing were worth $5,261,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in BA. Amundi grew its position 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 acquiring an additional 1,292,417 shares during the period. KKM Financial LLC lifted its holdings in shares of Boeing by 50.8% during the fourth quarter. KKM Financial LLC now owns 15,368 shares of the aircraft producer's stock valued at $2,720,000 after acquiring an additional 5,175 shares during the period. Wynn Capital LLC acquired a new stake in shares of Boeing in the 1st quarter valued at $584,000. Grant Private Wealth Management Inc bought a new stake in shares of Boeing in the 4th quarter worth about $903,000. Finally, Winslow Asset Management Inc. grew its holdings in shares of Boeing by 8.2% in the 4th quarter. Winslow Asset Management Inc. now owns 40,761 shares of the aircraft producer's stock worth $7,215,000 after purchasing an additional 3,096 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company's stock.

Wall Street Analyst Weigh In

BA has been the subject of several analyst reports. UBS Group lifted their price target on shares of Boeing from $207.00 to $226.00 and gave the company a "buy" rating in a report on Friday, May 9th. Melius raised shares of Boeing from a "hold" rating to a "buy" rating in a report on Monday, March 24th. Morgan Stanley set a $200.00 target price on shares of Boeing and gave the company an "equal weight" rating in a research note on Thursday, June 12th. The Goldman Sachs Group set a $212.00 price target on Boeing and gave the stock a "buy" rating in a research report on Thursday, June 12th. Finally, TD Securities cut Boeing to a "cautious" rating in a report on Thursday, May 22nd. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Boeing has a consensus rating of "Moderate Buy" and a consensus target price of $209.85.

Boeing Trading Down 0.9%

Boeing stock traded down $1.85 during mid-day trading on Wednesday, hitting $199.09. The stock had a trading volume of 4,681,358 shares, compared to its average volume of 9,429,940. The stock has a 50-day simple moving average of $195.98 and a two-hundred day simple moving average of $179.22. The stock has a market capitalization of $150.12 billion, a PE ratio of -11.11 and a beta of 1.43. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $218.80.

Boeing (NYSE:BA - Get Free Report) last released its earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($1.39) by $0.90. The business had revenue of $19.50 billion for the quarter, compared to analyst estimates of $19.57 billion. During the same quarter in the previous year, the company posted ($1.13) earnings per share. The business's revenue for the quarter was up 17.7% on a year-over-year basis. Sell-side analysts expect that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Jeffrey S. Shockey sold 3,205 shares of Boeing stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $202.87, for a total transaction of $650,198.35. Following the completion of 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP David Christopher Raymond sold 3,899 shares of the company's stock in a transaction dated Friday, May 2nd. The shares were 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 owns 42,513 shares of the company's stock, valued at $7,950,356.13. This represents a 8.40% decrease in their position. 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 over the last ninety days. Insiders own 0.09% of the company's stock.

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.