OMERS ADMINISTRATION Corp Has $4.29 Million Stake in The Boeing Company (NYSE:BA)

OMERS ADMINISTRATION Corp grew its stake in The Boeing Company (NYSE:BA - Free Report) by 21.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 24,229 shares of the aircraft producer's stock after acquiring an additional 4,269 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Boeing were worth $4,289,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Fiduciary Alliance LLC purchased a new stake in shares of Boeing in the 4th quarter valued at $482,000. Wedmont Private Capital lifted its holdings in Boeing by 8.3% during the 4th quarter. Wedmont Private Capital now owns 4,950 shares of the aircraft producer's stock worth $851,000 after buying an additional 381 shares in the last quarter. Claro Advisors LLC boosted its position in Boeing by 12.8% in the 4th quarter. Claro Advisors LLC now owns 5,174 shares of the aircraft producer's stock valued at $916,000 after buying an additional 589 shares during the period. Eastern Bank grew its stake in shares of Boeing by 13.1% in the fourth quarter. Eastern Bank now owns 13,703 shares of the aircraft producer's stock worth $2,425,000 after acquiring an additional 1,583 shares in the last quarter. Finally, Tsfg LLC raised its stake in shares of Boeing by 82.2% in the fourth quarter. Tsfg LLC now owns 583 shares of the aircraft producer's stock valued at $103,000 after acquiring an additional 263 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company's stock.

Insider Buying and Selling

In other Boeing news, EVP David Christopher Raymond sold 3,899 shares of Boeing stock in a transaction that occurred 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 sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Jeffrey S. Shockey sold 3,205 shares of the stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $202.87, for a total value of $650,198.35. Following the completion of the transaction, the executive vice president now directly owns 20,513 shares of the company's stock, valued at approximately $4,161,472.31. The trade was a 13.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 10,263 shares of company stock valued at $1,950,150 over the last three months. 0.09% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on BA shares. JPMorgan Chase & Co. raised 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. Citigroup raised their price target on Boeing from $210.00 to $220.00 and gave the stock a "buy" rating in a report on Thursday, April 24th. TD Securities reissued a "buy" rating and set a $180.00 price target on shares of Boeing in a report on Thursday, April 24th. Benchmark dropped their target price on Boeing from $250.00 to $215.00 and set a "buy" rating on the stock in a research report on Monday, April 21st. Finally, Melius Research set a $204.00 price target on Boeing in a report on Monday, March 24th. 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 given a strong buy rating to the company's stock. According to data from MarketBeat, Boeing presently has a consensus rating of "Moderate Buy" and an average price target of $204.35.

Boeing Stock Down 0.2%

BA stock traded down $0.36 during mid-day trading on Friday, reaching $205.88. 8,432,495 shares of the stock traded hands, compared to its average volume of 9,201,622. The business has a 50-day moving average of $170.78 and a two-hundred day moving average of $168.18. The firm has a market capitalization of $155.23 billion, a PE ratio of -11.24 and a beta of 1.41. 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 issued its quarterly earnings results 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 business had revenue of $19.50 billion for the quarter, compared to analyst estimates of $19.57 billion. The firm's quarterly revenue was up 17.7% compared to the same quarter last year. During the same quarter last year, the firm earned ($1.13) earnings per share. On average, equities research analysts anticipate that The Boeing Company will post -2.58 EPS 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.