The Boeing Company (NYSE:BA) Shares Purchased by Quantinno Capital Management LP

Quantinno Capital Management LP grew its holdings in shares of The Boeing Company (NYSE:BA - Free Report) by 175.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 68,973 shares of the aircraft producer's stock after buying an additional 43,945 shares during the quarter. Quantinno Capital Management LP's holdings in Boeing were worth $12,208,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Keynote Financial Services LLC boosted its holdings in shares of Boeing by 3.8% in the 4th quarter. Keynote Financial Services LLC now owns 1,542 shares of the aircraft producer's stock valued at $273,000 after buying an additional 57 shares in the last quarter. Chaney Capital Management Inc. boosted its holdings in shares of Boeing by 2.1% in the 4th quarter. Chaney Capital Management Inc. now owns 2,870 shares of the aircraft producer's stock valued at $508,000 after buying an additional 58 shares in the last quarter. Farmers & Merchants Investments Inc. boosted its holdings in shares of Boeing by 0.6% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 10,608 shares of the aircraft producer's stock valued at $1,878,000 after buying an additional 59 shares in the last quarter. Center for Financial Planning Inc. boosted its holdings in shares of Boeing by 12.0% in the 4th quarter. Center for Financial Planning Inc. now owns 562 shares of the aircraft producer's stock valued at $99,000 after buying an additional 60 shares in the last quarter. Finally, Trek Financial LLC boosted its holdings in shares of 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 in the last quarter. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BA has been the subject of several research analyst reports. Royal Bank of Canada restated an "outperform" rating and issued a $200.00 target price on shares of Boeing in a report on Wednesday, April 23rd. Benchmark lowered their target price on shares of Boeing from $250.00 to $215.00 and set a "buy" rating for the company in a report on Monday, April 21st. UBS Group upped their target price on shares of Boeing from $207.00 to $226.00 and gave the company a "buy" rating in a report on Friday, May 9th. Susquehanna reiterated 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. Finally, Sanford C. Bernstein upgraded shares of Boeing from a "market perform" rating to an "outperform" rating and upped their price target for the company from $181.00 to $218.00 in a research report on Monday, April 28th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Boeing currently has an average rating of "Moderate Buy" and a consensus target price of $204.35.

Insider Activity

In other news, EVP Jeffrey S. Shockey sold 3,205 shares of the 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 completion of the transaction, the executive vice president now owns 20,513 shares in the company, valued at $4,161,472.31. This trade represents a 13.51% decrease in their position. 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 stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $180.69, for a total transaction of $570,799.71. Following the completion of the sale, the executive vice president now directly owns 19,213 shares in the company, 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. Insiders sold 10,263 shares of company stock worth $1,950,150 in the last 90 days. 0.09% of the stock is currently owned by corporate insiders.

Boeing Stock Performance

Boeing stock traded down $0.36 during trading hours on Friday, reaching $205.88. 8,432,495 shares of the stock were exchanged, compared to its average volume of 9,210,473. The stock has a market cap of $155.23 billion, a P/E 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. The firm's 50 day moving average is $171.81 and its 200 day moving average is $168.55.

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 (EPS) for the quarter, beating analysts' consensus estimates of ($1.39) by $0.90. The company had revenue of $19.50 billion during the quarter, compared to analysts' expectations of $19.57 billion. The business's revenue for the quarter was up 17.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($1.13) EPS. Equities research analysts expect 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.