Yoffe Investment Management LLC Acquires Shares of 2,526 The Boeing Company (NYSE:BA)

Yoffe Investment Management LLC purchased a new position in shares of The Boeing Company (NYSE:BA - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 2,526 shares of the aircraft producer's stock, valued at approximately $447,000.

A number of other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. boosted its position in Boeing by 24.4% during the 4th 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 period. Geode Capital Management LLC boosted its position in Boeing by 29.5% during the 4th 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 period. Castlekeep Investment Advisors LLC acquired a new stake in Boeing during the 4th quarter worth approximately $568,000. Alyeska Investment Group L.P. acquired a new stake in Boeing during the 4th quarter worth approximately $526,889,000. Finally, Zimmer Partners LP acquired a new stake in Boeing during the 4th quarter worth approximately $393,736,000. 64.82% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on BA. Royal Bank of Canada restated an "outperform" rating and issued a $200.00 price target on shares of Boeing in a research report on Wednesday, April 23rd. JPMorgan Chase & Co. boosted their price target on shares of Boeing from $190.00 to $200.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 29th. Morgan Stanley restated an "equal weight" rating on shares of Boeing in a research report on Thursday, May 22nd. Cowen restated a "buy" rating on shares of Boeing in a research report on Wednesday, May 7th. Finally, UBS Group boosted their price target on shares of Boeing from $207.00 to $226.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $204.35.

Insider Activity at Boeing

In other news, SVP Brendan J. Nelson sold 640 shares of the business's stock in a transaction that occurred 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 of the company's stock, valued at $2,734,860.24. The trade was a 4.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP David Christopher Raymond sold 3,899 shares of the business's stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $187.01, for a total transaction of $729,151.99. Following the completion of the transaction, the executive vice president now directly owns 42,513 shares in the company, valued at $7,950,356.13. This trade represents a 8.40% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,744 shares of company stock valued at $1,511,370. Insiders own 0.09% of the company's stock.

Boeing Stock Down 0.5%

BA stock traded down $1.07 during midday trading on Tuesday, reaching $201.29. 5,841,298 shares of the company's stock traded hands, compared to its average volume of 9,156,486. The company has a market cap of $151.77 billion, a price-to-earnings ratio of -10.99 and a beta of 1.41. The firm's fifty day moving average price is $176.77 and its 200-day moving average price is $170.98. The Boeing Company has a 52 week low of $128.88 and a 52 week high of $209.66.

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