Wynn Capital LLC Buys New Holdings in The Boeing Company (NYSE:BA)

Wynn Capital LLC bought a new stake in The Boeing Company (NYSE:BA - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 3,422 shares of the aircraft producer's stock, valued at approximately $584,000.

Several other hedge funds have also recently added to or reduced their stakes in BA. Vanguard Group Inc. raised its holdings in Boeing by 24.4% in the fourth quarter. Vanguard Group Inc. now owns 64,442,717 shares of the aircraft producer's stock valued at $11,406,361,000 after acquiring an additional 12,641,715 shares in the last quarter. Geode Capital Management LLC raised its holdings in Boeing by 29.5% in the fourth quarter. Geode Capital Management LLC now owns 15,171,869 shares of the aircraft producer's stock valued at $2,677,170,000 after acquiring an additional 3,452,075 shares in the last quarter. Castlekeep Investment Advisors LLC acquired a new stake in Boeing in the fourth quarter valued at approximately $568,000. Alyeska Investment Group L.P. acquired a new stake in Boeing in the fourth quarter valued at approximately $526,889,000. Finally, Zimmer Partners LP acquired a new stake in Boeing in the fourth quarter valued at approximately $393,736,000. Institutional investors and hedge funds own 64.82% of the company's stock.

Boeing Price Performance

Shares of Boeing stock opened at $211.03 on Friday. The firm's fifty day simple moving average is $182.59 and its 200-day simple moving average is $174.84. The stock has a market capitalization of $159.12 billion, a price-to-earnings ratio of -11.52 and a beta of 1.43. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $215.80.

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

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Melius Research set a $204.00 target price on shares of Boeing in a report on Monday, March 24th. UBS Group raised their price objective on shares of Boeing from $207.00 to $226.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Melius upgraded shares of Boeing from a "hold" rating to a "buy" rating in a research report on Monday, March 24th. Bank of America upgraded shares of Boeing from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $185.00 to $260.00 in a research report on Monday, June 2nd. Finally, Wall Street Zen downgraded shares of Boeing from a "hold" rating to a "sell" rating in a research report on Saturday, May 17th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $207.85.

Insider Activity

In other Boeing news, EVP David Christopher Raymond sold 3,899 shares of the business's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $187.01, for a total value of $729,151.99. Following the transaction, the executive vice president now directly owns 42,513 shares of the company's stock, valued at approximately $7,950,356.13. The trade was a 8.40% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Brendan J. Nelson sold 640 shares of the business'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 completion of the transaction, the senior vice president now directly owns 13,258 shares in the company, valued at $2,734,860.24. This represents a 4.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 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 company 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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