Bessemer Group Inc. Grows Position in The Boeing Company (NYSE:BA)

Bessemer Group Inc. increased its holdings in shares of The Boeing Company (NYSE:BA - Free Report) by 19.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,327 shares of the aircraft producer's stock after purchasing an additional 3,106 shares during the quarter. Bessemer Group Inc.'s holdings in Boeing were worth $3,422,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BA. Vanguard Group Inc. raised its holdings in Boeing by 24.4% during the fourth quarter. Vanguard Group Inc. now owns 64,442,717 shares of the aircraft producer's stock worth $11,406,361,000 after acquiring an additional 12,641,715 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Boeing by 29.5% in the 4th quarter. Geode Capital Management LLC now owns 15,171,869 shares of the aircraft producer's stock valued at $2,677,170,000 after buying an additional 3,452,075 shares during the last quarter. Fisher Asset Management LLC grew its stake in shares of Boeing by 3.4% in the fourth quarter. Fisher Asset Management LLC now owns 5,030,899 shares of the aircraft producer's stock valued at $890,469,000 after buying an additional 164,042 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Boeing by 30.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,178,444 shares of the aircraft producer's stock worth $739,585,000 after buying an additional 981,796 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in Boeing by 17.4% during the fourth quarter. Bank of New York Mellon Corp now owns 3,921,417 shares of the aircraft producer's stock worth $694,091,000 after buying an additional 581,987 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on BA shares. StockNews.com upgraded Boeing to a "sell" rating in a research note on Saturday, April 5th. Wells Fargo & Company raised their price target on shares of Boeing from $103.00 to $113.00 and gave the company an "underweight" rating in a research note on Monday, March 17th. Susquehanna boosted their price objective on Boeing from $200.00 to $205.00 and gave the stock a "positive" rating in a research report on Wednesday, January 29th. Melius raised Boeing from a "hold" rating to a "buy" rating in a research note on Monday, March 24th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Boeing from $184.00 to $215.00 and gave the company a "buy" rating in a research note on Thursday, January 2nd. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, Boeing has an average rating of "Moderate Buy" and a consensus target price of $196.10.

Boeing Trading Up 1.5 %

NYSE BA traded up $2.41 during trading on Monday, hitting $159.25. The company had a trading volume of 7,280,367 shares, compared to its average volume of 9,019,320. The company's fifty day moving average is $168.68 and its 200-day moving average is $164.00. The company has a market cap of $119.45 billion, a price-to-earnings ratio of -8.69 and a beta of 1.24. The Boeing Company has a one year low of $128.88 and a one year high of $196.95.

Boeing (NYSE:BA - Get Free Report) last posted its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same period in the previous year, the firm earned ($0.47) earnings per share. As a group, equities analysts anticipate that The Boeing Company will post -2.58 EPS for the current year.

Insider Activity

In other news, EVP Uma M. Amuluru sold 3,159 shares of the firm'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 sale, the executive vice president now directly owns 19,213 shares in the company, valued at $3,471,596.97. This trade represents a 14.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.09% of the stock is owned by corporate insiders.

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.