The Boeing Company (NYSE:BA) Stock Position Lifted by Rafferty Asset Management LLC

Rafferty Asset Management LLC increased its position in The Boeing Company (NYSE:BA - Free Report) by 104.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 169,485 shares of the aircraft producer's stock after buying an additional 86,612 shares during the quarter. Rafferty Asset Management LLC's holdings in Boeing were worth $29,999,000 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 added to or reduced their stakes in the company. Sierra Ocean LLC acquired a new position in shares of Boeing in the 4th quarter valued at about $26,000. Sugar Maple Asset Management LLC acquired a new stake in Boeing in the 4th quarter valued at $27,000. Fiduciary Advisors Inc. purchased a new position in Boeing in the fourth quarter valued at about $28,000. HighMark Wealth Management LLC lifted its stake in shares of Boeing by 121.6% during 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 in the last quarter. Finally, Anfield Capital Management LLC boosted its position 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 buying an additional 95 shares during the period. Institutional investors and hedge funds 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 the 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 sale, the executive vice president now directly owns 42,513 shares of the company's stock, valued at $7,950,356.13. This trade represents a 8.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Jeffrey S. Shockey sold 3,205 shares of the stock in a transaction 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 sale, the executive vice president now directly owns 20,513 shares in the company, valued at $4,161,472.31. This represents a 13.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,263 shares of company stock valued at $1,950,150. Insiders own 0.09% of the company's stock.

Boeing Stock Performance

Shares of Boeing stock traded down $0.36 during trading hours on Friday, reaching $205.88. The company's stock had a trading volume of 8,432,495 shares, compared to its average volume of 9,225,298. The Boeing Company has a one year low of $128.88 and a one year high of $209.66. The company's 50 day simple moving average is $171.81 and its 200 day simple moving average is $168.65. The stock has a market cap of $155.23 billion, a P/E ratio of -11.24 and a beta of 1.41.

Boeing (NYSE:BA - Get Free Report) last issued its 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 business had revenue of $19.50 billion during the quarter, compared to the consensus estimate 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 business earned ($1.13) EPS. On average, sell-side analysts predict that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently commented on BA. Susquehanna reiterated a "positive" rating and set a $240.00 target price (up from $205.00) on shares of Boeing in a report on Wednesday. Benchmark dropped their price objective on shares of Boeing from $250.00 to $215.00 and set a "buy" rating on the stock in a research note on Monday, April 21st. JPMorgan Chase & Co. upped their target price on shares of Boeing from $190.00 to $200.00 and gave the company an "overweight" rating in a research note on Wednesday, January 29th. TD Securities reaffirmed a "buy" rating and set a $180.00 price target on shares of Boeing in a report on Thursday, April 24th. Finally, Melius Research set a $204.00 price objective on shares of Boeing in a report on Monday, March 24th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Boeing currently has a consensus rating of "Moderate Buy" and an average price target of $204.35.

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.