Ensign Peak Advisors Inc Buys 344,848 Shares of The Boeing Company (NYSE:BA)

Ensign Peak Advisors Inc lifted its position in shares of The Boeing Company (NYSE:BA - Free Report) by 172.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 544,811 shares of the aircraft producer's stock after purchasing an additional 344,848 shares during the quarter. Ensign Peak Advisors Inc owned approximately 0.07% of Boeing worth $96,432,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Fiduciary Trust Co raised its stake in shares of Boeing by 83.8% in the 4th quarter. Fiduciary Trust Co now owns 6,141 shares of the aircraft producer's stock valued at $1,087,000 after buying an additional 2,800 shares in the last quarter. First Manhattan CO. LLC. raised its stake in Boeing by 202.9% during the fourth quarter. First Manhattan CO. LLC. now owns 172,060 shares of the aircraft producer's stock worth $30,455,000 after acquiring an additional 115,256 shares in the last quarter. Clark Capital Management Group Inc. boosted its position in Boeing by 1.2% in the fourth quarter. Clark Capital Management Group Inc. now owns 27,108 shares of the aircraft producer's stock valued at $4,798,000 after buying an additional 322 shares in the last quarter. Cladis Investment Advisory LLC grew its position in Boeing by 49.6% during the 4th quarter. Cladis Investment Advisory LLC now owns 4,040 shares of the aircraft producer's stock worth $715,000 after acquiring an additional 1,340 shares during the last quarter. Finally, Coastal Bridge Advisors LLC raised its holdings in shares of Boeing by 4.1% in the fourth quarter. Coastal Bridge Advisors LLC now owns 7,546 shares of the aircraft producer's stock valued at $1,336,000 after buying an additional 300 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors.

Boeing Stock Up 1.5 %

Shares of NYSE BA traded up $2.83 during midday trading on Friday, hitting $194.53. 7,653,112 shares of the company's stock were exchanged, compared to its average volume of 9,097,826. The firm has a market capitalization of $146.68 billion, a PE ratio of -10.62 and a beta of 1.41. The company's 50 day moving average price is $167.01 and its 200 day moving average price is $166.99. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $196.95.

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

Insider Buying and Selling

In related news, EVP David Christopher Raymond sold 3,899 shares of the 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 transaction, the executive vice president now owns 42,513 shares of the company's stock, valued at $7,950,356.13. This represents a 8.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Uma M. Amuluru sold 3,159 shares of the business's stock in a transaction 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 in the company, valued at approximately $3,471,596.97. The trade was a 14.12 % decrease in their position. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have recently commented on BA shares. Wells Fargo & Company reissued an "underweight" rating and issued a $140.00 target price (up from $111.00) on shares of Boeing in a research note on Wednesday, April 23rd. Royal Bank of Canada reissued an "outperform" rating and issued a $200.00 target price on shares of Boeing in a research note on Wednesday, April 23rd. Melius upgraded shares of Boeing from a "hold" rating to a "buy" rating in a report on Monday, March 24th. Morgan Stanley upped their price objective on Boeing from $175.00 to $185.00 and gave the stock an "equal weight" rating in a research report on Thursday, April 24th. Finally, Benchmark dropped their target price on Boeing from $250.00 to $215.00 and set a "buy" rating on the stock in a research report on Monday, April 21st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $201.85.

Boeing 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.