Thoma Capital Management LLC Takes Position in The Boeing Company (NYSE:BA)

Thoma Capital Management LLC acquired a new position in shares of The Boeing Company (NYSE:BA - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,872 shares of the aircraft producer's stock, valued at approximately $508,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in Boeing by 24.4% during the fourth quarter. Vanguard Group Inc. now owns 64,442,717 shares of the aircraft producer's stock worth $11,406,361,000 after buying an additional 12,641,715 shares during the last quarter. Geode Capital Management LLC grew its stake in Boeing by 29.5% during the fourth quarter. Geode Capital Management LLC now owns 15,171,869 shares of the aircraft producer's stock worth $2,677,170,000 after buying an additional 3,452,075 shares during the last quarter. Northern Trust Corp grew its stake in Boeing by 33.6% during the fourth quarter. Northern Trust Corp now owns 6,504,610 shares of the aircraft producer's stock worth $1,151,316,000 after buying an additional 1,634,231 shares during the last quarter. Fisher Asset Management LLC grew its stake in Boeing by 3.4% during the fourth quarter. Fisher Asset Management LLC now owns 5,030,899 shares of the aircraft producer's stock worth $890,469,000 after buying an additional 164,042 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Boeing by 30.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,178,444 shares of the aircraft producer's stock worth $739,585,000 after buying an additional 981,796 shares during the last quarter. Institutional investors own 64.82% of the company's stock.

Insider Buying and Selling

In related news, SVP Brendan J. Nelson sold 640 shares of the firm's stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $206.28, for a total transaction of $132,019.20. Following the sale, the senior vice president now directly owns 13,258 shares in the company, valued at $2,734,860.24. This trade represents a 4.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Jeffrey S. Shockey sold 3,205 shares of the firm's 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 sale, the executive vice president now owns 20,513 shares in the company, valued at approximately $4,161,472.31. The trade was a 13.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,744 shares of company stock worth $1,511,370 over the last ninety days. Company insiders own 0.09% of the company's stock.

Boeing Price Performance

BA traded up $6.37 during mid-day trading on Thursday, hitting $207.87. The stock had a trading volume of 16,327,635 shares, compared to its average volume of 9,208,058. The stock's fifty day simple moving average is $177.81 and its 200-day simple moving average is $171.40. The firm has a market capitalization of $156.74 billion, a price-to-earnings ratio of -11.35 and a beta of 1.41. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $212.15.

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

Analyst Ratings Changes

Several analysts have weighed in on the stock. Royal Bank of Canada reaffirmed an "outperform" rating and set a $200.00 price objective on shares of Boeing in a research note on Wednesday, April 23rd. Wall Street Zen cut shares of Boeing from a "hold" rating to a "sell" rating in a research note on Saturday, May 17th. Sanford C. Bernstein raised shares of Boeing from a "market perform" rating to an "outperform" rating and upped their price objective for the stock from $181.00 to $218.00 in a research note on Monday, April 28th. Wells Fargo & Company reissued an "underweight" rating on shares of Boeing in a research note on Thursday, May 22nd. Finally, Benchmark decreased their price target on shares of Boeing from $250.00 to $215.00 and set a "buy" rating on the stock in a research note on Monday, April 21st. Three analysts have rated the stock with a sell rating, four have issued a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $204.35.

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.