The Boeing Company (NYSE:BA) Shares Purchased by First Manhattan CO. LLC.

First Manhattan CO. LLC. lifted its stake in shares of The Boeing Company (NYSE:BA - Free Report) by 202.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 172,060 shares of the aircraft producer's stock after acquiring an additional 115,256 shares during the period. First Manhattan CO. LLC.'s holdings in Boeing were worth $30,455,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Keynote Financial Services LLC increased its position in shares of Boeing by 3.8% during the fourth quarter. Keynote Financial Services LLC now owns 1,542 shares of the aircraft producer's stock valued at $273,000 after buying an additional 57 shares during the period. Chaney Capital Management Inc. grew its holdings in shares of Boeing by 2.1% during the 4th quarter. Chaney Capital Management Inc. now owns 2,870 shares of the aircraft producer's stock worth $508,000 after acquiring an additional 58 shares during the period. Farmers & Merchants Investments Inc. raised its position in shares of Boeing by 0.6% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 10,608 shares of the aircraft producer's stock worth $1,878,000 after acquiring an additional 59 shares in the last quarter. Center for Financial Planning Inc. boosted its position in shares of Boeing by 12.0% during the fourth quarter. Center for Financial Planning Inc. now owns 562 shares of the aircraft producer's stock valued at $99,000 after purchasing an additional 60 shares in the last quarter. Finally, Trek Financial LLC raised its holdings in Boeing by 2.7% in the fourth quarter. Trek Financial LLC now owns 2,307 shares of the aircraft producer's stock worth $408,000 after purchasing an additional 60 shares in the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the business's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $180.69, for a total value of $570,799.71. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP David Christopher Raymond sold 3,899 shares of the firm's stock in a transaction 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 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 position. The disclosure for this sale can be found here. Insiders own 0.09% of the company's stock.

Analysts Set New Price Targets

BA has been the subject of several recent research reports. Royal Bank of Canada reiterated an "outperform" rating and set a $200.00 target price on shares of Boeing in a report on Wednesday, April 23rd. TD Securities reissued a "buy" rating and issued a $180.00 target price on shares of Boeing in a report on Thursday, April 24th. Wells Fargo & Company restated an "underweight" rating and set a $140.00 price target (up from $111.00) on shares of Boeing in a report on Wednesday, April 23rd. UBS Group increased their price objective on shares of Boeing from $207.00 to $226.00 and gave the company a "buy" rating in a research report on Friday. Finally, Morgan Stanley lifted their target price on shares of Boeing from $175.00 to $185.00 and gave the stock an "equal weight" rating in a report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $201.85.

Boeing Trading Up 2.7%

Shares of NYSE:BA traded up $5.42 during trading on Tuesday, reaching $203.95. The company's stock had a trading volume of 9,922,369 shares, compared to its average volume of 9,103,039. The stock has a market capitalization of $153.78 billion, a PE ratio of -11.13 and a beta of 1.41. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $205.71. The firm's 50 day simple moving average is $167.71 and its two-hundred day simple moving average is $167.30.

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 for the quarter, compared to analysts' expectations of $19.57 billion. During the same quarter in the previous year, the company posted ($1.13) EPS. The business's quarterly revenue was up 17.7% on a year-over-year basis. Research analysts anticipate 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.