77,306 Shares in The Boeing Company (NYSE:BA) Purchased by Graham Capital Management L.P.

Graham Capital Management L.P. purchased a new stake in The Boeing Company (NYSE:BA - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 77,306 shares of the aircraft producer's stock, valued at approximately $13,683,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BA. Sierra Ocean LLC purchased a new position in shares of Boeing in the fourth quarter worth about $26,000. Sugar Maple Asset Management LLC purchased a new position in shares of Boeing in the fourth quarter worth about $27,000. Fiduciary Advisors Inc. purchased a new position in shares of Boeing in the fourth quarter worth about $28,000. HighMark Wealth Management LLC raised its stake in shares of Boeing by 121.6% in the fourth quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer's stock worth $29,000 after purchasing an additional 90 shares during the last quarter. Finally, Anfield Capital Management LLC raised its stake in shares of Boeing by 113.1% in the fourth quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer's stock worth $32,000 after purchasing an additional 95 shares during the last quarter. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Boeing

In other Boeing news, EVP David Christopher Raymond sold 3,899 shares of the company's stock in a transaction on Friday, May 2nd. The stock was 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 directly owns 42,513 shares in the company, valued at $7,950,356.13. This represents a 8.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Uma M. Amuluru sold 3,159 shares of the company's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $180.69, for a total value of $570,799.71. Following the completion of the sale, the executive vice president now owns 19,213 shares of the company's stock, valued at approximately $3,471,596.97. The trade was a 14.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.09% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on BA shares. Melius upgraded Boeing from a "hold" rating to a "buy" rating in a research note on Monday, March 24th. Wells Fargo & Company restated an "underweight" rating and issued a $140.00 price objective (up from $111.00) on shares of Boeing in a research note on Wednesday, April 23rd. Susquehanna raised their price objective on Boeing from $200.00 to $205.00 and gave the stock a "positive" rating in a research note on Wednesday, January 29th. Benchmark reduced their price target on Boeing from $250.00 to $215.00 and set a "buy" rating for the company in a research report on Monday, April 21st. Finally, UBS Group lifted their price target on Boeing from $207.00 to $226.00 and gave the company a "buy" rating in a research report on Friday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Boeing has a consensus rating of "Moderate Buy" and a consensus price target of $201.85.

Boeing Trading Up 1.5%

BA traded up $2.83 during trading on Friday, hitting $194.53. The company's stock had a trading volume of 7,653,112 shares, compared to its average volume of 9,097,826. The business's fifty day simple moving average is $167.01 and its 200 day simple moving average is $166.99. The firm has a market capitalization of $146.68 billion, a price-to-earnings ratio of -10.62 and a beta of 1.41. The Boeing Company has a twelve month low of $128.88 and a twelve month high of $196.95.

Boeing (NYSE:BA - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 business's revenue was up 17.7% on a year-over-year basis. During the same period in the prior year, the firm earned ($1.13) earnings per share. As a group, equities research analysts forecast that The Boeing Company will post -2.58 earnings per share for the current fiscal 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.