The Boeing Company (NYSE:BA) Stock Position Boosted by Advanced Portfolio Management LLC

Advanced Portfolio Management LLC raised its position 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 SEC. The institutional investor owned 15,000 shares of the aircraft producer's stock after purchasing an additional 9,684 shares during the quarter. Boeing accounts for about 3.1% of Advanced Portfolio Management LLC's investment portfolio, making the stock its 12th biggest holding. Advanced Portfolio Management LLC's holdings in Boeing were worth $2,655,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. World Investment Advisors LLC raised its stake in shares of Boeing by 243.4% in the third quarter. World Investment Advisors LLC now owns 5,381 shares of the aircraft producer's stock worth $818,000 after buying an additional 3,814 shares during the period. Wilmington Savings Fund Society FSB lifted its stake in shares of Boeing by 290.0% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 17,053 shares of the aircraft producer's stock valued at $2,593,000 after buying an additional 12,680 shares in the last quarter. Tidal Investments LLC boosted its holdings in Boeing by 2.1% in the 3rd quarter. Tidal Investments LLC now owns 38,230 shares of the aircraft producer's stock worth $5,812,000 after buying an additional 804 shares during the period. Franklin Resources Inc. increased its stake in Boeing by 1,296.3% in the 3rd quarter. Franklin Resources Inc. now owns 1,136,895 shares of the aircraft producer's stock worth $169,386,000 after buying an additional 1,055,472 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in Boeing by 6.1% during the 3rd quarter. Principal Financial Group Inc. now owns 666,244 shares of the aircraft producer's stock valued at $101,296,000 after purchasing an additional 38,332 shares during the period. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Boeing

In other Boeing news, EVP David Christopher Raymond sold 3,899 shares of the company's stock in a transaction dated 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 directly 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Uma M. Amuluru sold 3,159 shares of Boeing stock in a transaction dated Thursday, February 20th. The stock was 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 owns 19,213 shares of the company's stock, valued at $3,471,596.97. This trade represents a 14.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.09% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

BA has been the subject of a number of research reports. TD Securities restated a "buy" rating and set a $180.00 target price on shares of Boeing in a research report on Thursday, April 24th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $200.00 price objective on shares of Boeing in a research note on Wednesday, April 23rd. Wells Fargo & Company restated 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. Susquehanna upped their target price on shares of Boeing from $200.00 to $205.00 and gave the company a "positive" rating in a research report on Wednesday, January 29th. Finally, Citigroup raised their price objective on Boeing from $210.00 to $220.00 and gave the company a "buy" rating in a research note on Thursday, April 24th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $200.90.

Boeing Price Performance

Shares of Boeing stock traded down $1.18 during trading on Wednesday, hitting $184.78. 2,316,324 shares of the stock were exchanged, compared to its average volume of 8,994,059. The stock has a market cap of $139.33 billion, a price-to-earnings ratio of -10.09 and a beta of 1.40. The Boeing Company has a 12-month low of $128.88 and a 12-month high of $196.95. The firm's 50-day moving average price is $165.66 and its 200 day moving average price is $166.25.

Boeing (NYSE:BA - Get Free Report) last posted its quarterly earnings results 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 business had revenue of $19.50 billion during the quarter, compared to analysts' expectations of $19.57 billion. During the same quarter last year, the firm earned ($1.13) earnings per share. The firm's quarterly revenue was up 17.7% compared to the same quarter last year. As a group, research analysts forecast that The Boeing Company will post -2.58 earnings per share for the current year.

Boeing Company 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.