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

Steadfast Capital Management LP bought a new position in shares of The Boeing Company (NYSE:BA - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 38,800 shares of the aircraft producer's stock, valued at approximately $6,868,000.

Several other large investors also recently modified their holdings of the business. Sierra Ocean LLC acquired a new position in Boeing in the 4th quarter worth $26,000. Sugar Maple Asset Management LLC acquired a new stake in shares of Boeing in the 4th quarter valued at about $27,000. Fiduciary Advisors Inc. bought a new stake in shares of Boeing in the fourth quarter valued at about $28,000. HighMark Wealth Management LLC boosted its position 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 buying an additional 90 shares during the period. Finally, Anfield Capital Management LLC grew its holdings in shares of Boeing by 113.1% during 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 in the last quarter. 64.82% of the stock is currently owned by institutional investors.

Insider Transactions at Boeing

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the company's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $180.69, for a total value of $570,799.71. Following the transaction, the executive vice president now directly owns 19,213 shares of the company's stock, valued at $3,471,596.97. This represents a 14.12% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Brendan J. Nelson sold 640 shares of Boeing stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $206.28, for a total value of $132,019.20. Following the sale, the senior vice president now directly owns 13,258 shares of the company's stock, valued at $2,734,860.24. This represents a 4.60% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 10,903 shares of company stock worth $2,082,169. 0.09% of the stock is owned by insiders.

Boeing Stock Down 0.3%

Shares of NYSE BA traded down $0.61 during midday trading on Monday, hitting $205.21. 5,725,523 shares of the company's stock were exchanged, compared to its average volume of 9,211,583. The firm has a market capitalization of $154.73 billion, a PE ratio of -11.20 and a beta of 1.41. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $209.66. The company's 50 day moving average price is $171.81 and its 200 day moving average price is $168.78.

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 the consensus estimate 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. During the same period in the prior year, the business earned ($1.13) EPS. The company's revenue for the quarter was up 17.7% compared to the same quarter last year. On average, equities research analysts anticipate that The Boeing Company will post -2.58 EPS for the current year.

Analyst Upgrades and Downgrades

BA has been the topic of several research reports. StockNews.com cut Boeing from a "hold" rating to a "sell" rating in a research note on Saturday. Sanford C. Bernstein upgraded shares of Boeing from a "market perform" rating to an "outperform" rating and lifted their price objective for the company from $181.00 to $218.00 in a report on Monday, April 28th. Morgan Stanley restated a "positive" rating on shares of Boeing in a report on Friday. Royal Bank of Canada reiterated an "outperform" rating and issued a $200.00 price target on shares of Boeing in a research note on Wednesday, April 23rd. Finally, Melius Research set a $204.00 price objective on shares of Boeing in a research note on Monday, March 24th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Boeing currently has a consensus rating of "Moderate Buy" and a consensus target price of $204.35.

About Boeing

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.