Suvretta Capital Management LLC Purchases Shares of 155,197 The Boeing Company (NYSE:BA)

Suvretta Capital Management LLC acquired a new stake in The Boeing Company (NYSE:BA - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 155,197 shares of the aircraft producer's stock, valued at approximately $27,470,000.

A number of other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in Boeing by 24.4% during the 4th quarter. Vanguard Group Inc. now owns 64,442,717 shares of the aircraft producer's stock valued at $11,406,361,000 after buying an additional 12,641,715 shares during the period. Geode Capital Management LLC boosted its position 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 buying an additional 3,452,075 shares during the period. Northern Trust Corp boosted its position in Boeing by 33.6% during the 4th quarter. Northern Trust Corp now owns 6,504,610 shares of the aircraft producer's stock valued at $1,151,316,000 after buying an additional 1,634,231 shares during the period. Fisher Asset Management LLC boosted its position in Boeing by 3.4% during the 4th quarter. Fisher Asset Management LLC now owns 5,030,899 shares of the aircraft producer's stock valued at $890,469,000 after buying an additional 164,042 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in Boeing by 30.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,178,444 shares of the aircraft producer's stock valued at $739,585,000 after buying an additional 981,796 shares during the period. Hedge funds and other institutional investors own 64.82% of the company's stock.

Boeing Trading Down 0.3%

NYSE:BA traded down $0.61 on Monday, reaching $205.21. 5,725,523 shares of the stock traded hands, compared to its average volume of 9,211,583. The company has a market capitalization of $154.73 billion, a price-to-earnings 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 fifty day simple moving average is $171.81 and its 200 day simple moving average is $168.78.

Boeing (NYSE:BA - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share for the quarter, beating analysts' consensus estimates of ($1.39) by $0.90. The firm had revenue of $19.50 billion for the quarter, compared to the consensus estimate of $19.57 billion. During the same quarter in the prior year, the business posted ($1.13) earnings per share. The firm's revenue for the quarter was up 17.7% compared to the same quarter last year. Equities analysts anticipate that The Boeing Company will post -2.58 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have weighed in on BA shares. StockNews.com cut shares of Boeing from a "hold" rating to a "sell" rating in a research report on Saturday. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $200.00 target price on shares of Boeing in a research report on Wednesday, April 23rd. UBS Group raised their target price on shares of Boeing from $207.00 to $226.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Cowen reiterated a "buy" rating on shares of Boeing in a research note on Wednesday, May 7th. Finally, Susquehanna reiterated a "positive" rating and issued a $240.00 price target (up from $205.00) on shares of Boeing in a research note on Wednesday, May 14th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $204.35.

Insider Transactions at Boeing

In other news, SVP Brendan J. Nelson sold 640 shares of Boeing stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $206.28, for a total value of $132,019.20. Following the completion of the sale, the senior vice president now directly owns 13,258 shares in the company, valued at $2,734,860.24. The trade was a 4.60% 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 Jeffrey S. Shockey sold 3,205 shares of Boeing stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $202.87, for a total transaction of $650,198.35. Following the completion of the sale, the executive vice president now owns 20,513 shares of the company's stock, 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. Insiders sold 10,903 shares of company stock worth $2,082,169 over the last three months. 0.09% of the stock is currently owned by company insiders.

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.