Zurich Insurance Group Ltd FI Purchases Shares of 383,237 The Boeing Company (NYSE:BA)

Zurich Insurance Group Ltd FI purchased a new position in The Boeing Company (NYSE:BA - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 383,237 shares of the aircraft producer's stock, valued at approximately $67,833,000. Zurich Insurance Group Ltd FI owned 0.05% of Boeing as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Sierra Ocean LLC acquired a new stake in Boeing during the fourth quarter worth approximately $26,000. Sugar Maple Asset Management LLC acquired a new stake in shares of Boeing during the 4th quarter worth approximately $27,000. Fiduciary Advisors Inc. acquired a new stake in shares of Boeing during the 4th quarter worth approximately $28,000. HighMark Wealth Management LLC increased its stake in shares of Boeing by 121.6% in the 4th quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer's stock valued at $29,000 after acquiring an additional 90 shares in the last quarter. Finally, Anfield Capital Management LLC boosted its stake in Boeing by 113.1% during the fourth quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer's stock worth $32,000 after acquiring an additional 95 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on BA. Wells Fargo & Company reaffirmed an "underweight" rating on shares of Boeing in a research note on Thursday. TD Securities lowered Boeing to a "cautious" rating in a research report on Thursday. Morgan Stanley reiterated an "equal weight" rating on shares of Boeing in a report on Thursday. Melius Research set a $204.00 price objective on Boeing in a report on Monday, March 24th. Finally, Susquehanna reissued a "positive" rating and issued a $240.00 price target (up previously from $205.00) on shares of Boeing in a research report on Wednesday, May 14th. Three analysts have rated the stock with a sell rating, four have given a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $204.35.

Insider Buying and Selling

In related news, SVP Brendan J. Nelson sold 640 shares of the business's stock in a transaction dated Thursday, May 15th. The stock was 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. The trade was a 4.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Jeffrey S. Shockey sold 3,205 shares of Boeing stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $202.87, for a total value of $650,198.35. Following the sale, the executive vice president now owns 20,513 shares of the company's stock, valued at approximately $4,161,472.31. This trade represents a 13.51% 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. Company insiders own 0.09% of the company's stock.

Boeing Stock Up 0.1%

Shares of NYSE:BA traded up $0.18 during midday trading on Thursday, reaching $203.39. 3,629,160 shares of the company traded hands, compared to its average volume of 9,196,764. The firm's fifty day moving average price is $174.53 and its two-hundred day moving average price is $169.64. The firm has a market capitalization of $153.36 billion, a price-to-earnings ratio of -11.10 and a beta of 1.41. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $209.66.

Boeing (NYSE:BA - Get Free Report) last announced 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. During the same quarter in the prior year, the company earned ($1.13) earnings per share. The company's quarterly revenue was up 17.7% on a year-over-year basis. Analysts forecast that The Boeing Company will post -2.58 earnings per share for the current year.

Boeing 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.