The Boeing Company (NYSE:BA) Shares Purchased by Baird Financial Group Inc.

Baird Financial Group Inc. lifted its position in shares of The Boeing Company (NYSE:BA - Free Report) by 1.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 222,225 shares of the aircraft producer's stock after buying an additional 4,200 shares during the period. Baird Financial Group Inc.'s holdings in Boeing were worth $39,334,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Sierra Ocean LLC acquired a new position in Boeing in the 4th quarter valued at about $26,000. Sugar Maple Asset Management LLC acquired a new position in shares of Boeing in the fourth quarter valued at approximately $27,000. Fiduciary Advisors Inc. purchased a new stake in Boeing during the 4th quarter worth approximately $28,000. HighMark Wealth Management LLC increased its stake in Boeing by 121.6% during the 4th 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 boosted its position in Boeing by 113.1% in the 4th quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer's stock valued at $32,000 after buying an additional 95 shares during the period. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BA has been the topic of a number of recent research reports. Melius raised Boeing from a "hold" rating to a "buy" rating in a research report on Monday, March 24th. TD Securities reaffirmed a "buy" rating and issued a $180.00 price target on shares of Boeing in a research report on Thursday, April 24th. Melius Research set a $204.00 price objective on Boeing in a research report on Monday, March 24th. Morgan Stanley raised their target price on shares of Boeing from $175.00 to $185.00 and gave the company an "equal weight" rating in a report on Thursday, April 24th. Finally, Cowen reissued a "buy" rating on shares of Boeing in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $200.90.

Insider Buying and Selling

In other news, EVP Uma M. Amuluru sold 3,159 shares of the company's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $180.69, for a total transaction 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP David Christopher Raymond sold 3,899 shares of the business's stock in a transaction that occurred 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 in the company, valued at $7,950,356.13. This trade represents a 8.40 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.09% of the company's stock.

Boeing Stock Up 3.4 %

NYSE:BA traded up $6.23 during trading hours on Thursday, reaching $191.79. 15,330,692 shares of the company's stock were exchanged, compared to its average volume of 9,065,984. The firm has a market capitalization of $144.61 billion, a price-to-earnings ratio of -10.47 and a beta of 1.41. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $196.95. The company has a 50-day moving average of $165.87 and a 200 day moving average of $166.38.

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

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.