Advanced Portfolio Management LLC Acquires 9,684 Shares of The Boeing Company (NYSE:BA)

Advanced Portfolio Management LLC lifted its holdings in shares of The Boeing Company (NYSE:BA - Free Report) by 182.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,000 shares of the aircraft producer's stock after purchasing an additional 9,684 shares during the period. Boeing comprises approximately 3.1% of Advanced Portfolio Management LLC's holdings, making the stock its 12th biggest holding. Advanced Portfolio Management LLC's holdings in Boeing were worth $2,655,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on BA shares. StockNews.com upgraded Boeing to a "sell" rating in a report on Thursday, April 24th. Melius upgraded shares of Boeing from a "hold" rating to a "buy" rating in a research report on Monday, March 24th. Wells Fargo & Company reissued an "underweight" rating and issued a $140.00 price target (up previously from $111.00) on shares of Boeing in a research report on Wednesday, April 23rd. Melius Research set a $204.00 price objective on Boeing in a research note on Monday, March 24th. Finally, TD Securities reiterated a "buy" rating and set a $180.00 price objective on shares of Boeing in a research note on Thursday, April 24th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Boeing presently has a consensus rating of "Moderate Buy" and an average target price of $200.90.

Insider Activity

In related 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 completion of the transaction, the executive vice president now directly owns 19,213 shares in the company, 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 Securities & Exchange Commission, which is available through this link. 0.09% of the stock is currently owned by corporate insiders.

Boeing Price Performance

NYSE:BA traded up $2.60 during midday trading on Friday, reaching $185.49. 8,681,274 shares of the company traded hands, compared to its average volume of 9,062,111. The company has a fifty day moving average price of $165.14 and a 200 day moving average price of $165.89. The firm has a market capitalization of $139.86 billion, a price-to-earnings ratio of -10.13 and a beta of 1.40. The Boeing Company has a twelve month low of $128.88 and a twelve month high of $196.95.

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

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.