Ratan Capital Management LP Purchases New Holdings in The Boeing Company (NYSE:BA)

Ratan Capital Management LP acquired a new position in shares of The Boeing Company (NYSE:BA - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 116,465 shares of the aircraft producer's stock, valued at approximately $20,614,000. Boeing makes up about 3.2% of Ratan Capital Management LP's portfolio, making the stock its 9th largest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of BA. Vanguard Group Inc. increased its position in shares of Boeing by 24.4% during the fourth quarter. Vanguard Group Inc. now owns 64,442,717 shares of the aircraft producer's stock valued at $11,406,361,000 after acquiring an additional 12,641,715 shares in the last quarter. Geode Capital Management LLC boosted its stake in Boeing by 29.5% during the 4th quarter. Geode Capital Management LLC now owns 15,171,869 shares of the aircraft producer's stock valued at $2,677,170,000 after purchasing an additional 3,452,075 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Boeing by 33.6% in the 4th quarter. Northern Trust Corp now owns 6,504,610 shares of the aircraft producer's stock worth $1,151,316,000 after purchasing an additional 1,634,231 shares in the last quarter. Fisher Asset Management LLC raised its stake in shares of Boeing by 3.4% in the fourth quarter. Fisher Asset Management LLC now owns 5,030,899 shares of the aircraft producer's stock worth $890,469,000 after purchasing an additional 164,042 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Boeing by 30.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,178,444 shares of the aircraft producer's stock valued at $739,585,000 after purchasing an additional 981,796 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on BA. Melius Research set a $204.00 price objective on Boeing in a report on Monday, March 24th. StockNews.com upgraded shares of Boeing from a "sell" rating to a "hold" rating in a research note on Friday, May 9th. Citigroup boosted their price objective on shares of Boeing from $210.00 to $220.00 and gave the company a "buy" rating in a report on Thursday, April 24th. JPMorgan Chase & Co. raised their target price on shares of Boeing from $190.00 to $200.00 and gave the stock an "overweight" rating in a report on Wednesday, January 29th. Finally, Cowen reaffirmed a "buy" rating on shares of Boeing in a research report on Wednesday, May 7th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Boeing presently has an average rating of "Moderate Buy" and an average price target of $203.60.

Insider Buying and Selling

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $180.69, for a total transaction of $570,799.71. Following the sale, the executive vice president now directly owns 19,213 shares of the company's stock, valued at $3,471,596.97. The trade was a 14.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP David Christopher Raymond sold 3,899 shares of the firm's stock in a transaction that occurred on Friday, May 2nd. The shares were 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 of the company's stock, valued at $7,950,356.13. The trade was a 8.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.09% of the stock is owned by company insiders.

Boeing Trading Up 0.5%

NYSE BA opened at $204.34 on Thursday. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $209.66. The stock has a market cap of $154.07 billion, a PE ratio of -11.15 and a beta of 1.41. The stock's 50 day moving average is $169.61 and its 200 day moving average is $167.80.

Boeing (NYSE:BA - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share 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 the consensus estimate of $19.57 billion. Boeing's revenue was up 17.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($1.13) EPS. On average, analysts forecast 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.

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