OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases New Holdings in The Boeing Company (NYSE:BA)

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of The Boeing Company (NYSE:BA - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 33,710 shares of the aircraft producer's stock, valued at approximately $5,967,000.

A number of other institutional investors and hedge funds have also bought and sold shares of BA. Keynote Financial Services LLC raised its holdings in shares of Boeing by 3.8% during the 4th quarter. Keynote Financial Services LLC now owns 1,542 shares of the aircraft producer's stock worth $273,000 after acquiring an additional 57 shares during the period. Chaney Capital Management Inc. raised its holdings in shares of Boeing by 2.1% during the 4th quarter. Chaney Capital Management Inc. now owns 2,870 shares of the aircraft producer's stock worth $508,000 after acquiring an additional 58 shares during the period. Farmers & Merchants Investments Inc. raised its holdings in shares of Boeing by 0.6% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 10,608 shares of the aircraft producer's stock worth $1,878,000 after acquiring an additional 59 shares during the period. Center for Financial Planning Inc. raised its holdings in shares of Boeing by 12.0% during the 4th quarter. Center for Financial Planning Inc. now owns 562 shares of the aircraft producer's stock worth $99,000 after acquiring an additional 60 shares during the period. Finally, Trek Financial LLC raised its holdings in Boeing by 2.7% in the 4th quarter. Trek Financial LLC now owns 2,307 shares of the aircraft producer's stock valued at $408,000 after buying an additional 60 shares during the period. 64.82% of the stock is currently owned by institutional investors.

Boeing Stock Performance

Shares of Boeing stock opened at $198.40 on Tuesday. The Boeing Company has a one year low of $128.88 and a one year high of $202.32. The company has a market cap of $149.59 billion, a PE ratio of -10.83 and a beta of 1.41. The business has a 50-day simple moving average of $167.71 and a 200-day simple moving average of $167.30.

Boeing (NYSE:BA - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The aircraft producer reported ($0.49) EPS for the quarter, topping analysts' consensus estimates of ($1.39) by $0.90. The company had revenue of $19.50 billion for the quarter, compared to analyst estimates of $19.57 billion. During the same period in the prior year, the firm posted ($1.13) earnings per share. The business's quarterly revenue was up 17.7% compared to the same quarter last year. On average, sell-side analysts predict that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Morgan Stanley boosted their price objective on shares of Boeing from $175.00 to $185.00 and gave the company an "equal weight" rating in a report on Thursday, April 24th. StockNews.com upgraded shares of Boeing from a "sell" rating to a "hold" rating in a report on Friday. Wells Fargo & Company restated an "underweight" rating and issued a $140.00 price objective (up from $111.00) on shares of Boeing in a report on Wednesday, April 23rd. JPMorgan Chase & Co. boosted their price objective on shares of Boeing from $190.00 to $200.00 and gave the company an "overweight" rating in a report on Wednesday, January 29th. Finally, Melius upgraded shares of Boeing from a "hold" rating to a "buy" rating in a report on Monday, March 24th. One research analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $201.85.

Insider Transactions at Boeing

In related news, EVP David Christopher Raymond sold 3,899 shares of the company's stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 42,513 shares of the company's stock, valued at $7,950,356.13. This represents a 8.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Uma M. Amuluru sold 3,159 shares of the company's stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 19,213 shares of the company's stock, valued at $3,471,596.97. This trade represents 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.

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.

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