The Boeing Company (NYSE:BA) Shares Bought by Keystone Financial Group

Keystone Financial Group raised its stake in The Boeing Company (NYSE:BA - Free Report) by 114.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 24,118 shares of the aircraft producer's stock after acquiring an additional 12,876 shares during the period. Keystone Financial Group's holdings in Boeing were worth $4,402,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in BA. Vanguard Group Inc. raised its stake in shares of Boeing by 24.4% in the fourth quarter. Vanguard Group Inc. now owns 64,442,717 shares of the aircraft producer's stock valued at $11,406,361,000 after acquiring an additional 12,641,715 shares during the period. Geode Capital Management LLC lifted its holdings in Boeing by 29.5% during the fourth quarter. Geode Capital Management LLC now owns 15,171,869 shares of the aircraft producer's stock worth $2,677,170,000 after buying an additional 3,452,075 shares during the period. Raymond James Financial Inc. bought a new stake in Boeing during the fourth quarter valued at about $230,944,000. Amundi grew its position in shares of Boeing by 473.6% in the 4th quarter. Amundi now owns 1,565,337 shares of the aircraft producer's stock worth $268,862,000 after buying an additional 1,292,417 shares during the last quarter. Finally, Burkehill Global Management LP purchased a new position in Boeing in the fourth quarter worth $212,400,000. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Boeing

In related news, EVP Uma M. Amuluru sold 3,159 shares of the stock in a transaction that occurred 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 sale, the executive vice president now owns 19,213 shares of the company's stock, valued at approximately $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 can be accessed through the SEC website. Company insiders own 0.09% of the company's stock.

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Wall Street Analyst Weigh In

A number of research firms have issued reports on BA. Deutsche Bank Aktiengesellschaft raised their price target on shares of Boeing from $184.00 to $215.00 and gave the stock a "buy" rating in a report on Thursday, January 2nd. Citigroup increased their target price on shares of Boeing from $207.00 to $210.00 and gave the stock a "buy" rating in a research note on Monday, February 10th. Melius Research set a $204.00 price target on shares of Boeing in a research note on Monday, March 24th. UBS Group increased their target price on Boeing from $208.00 to $217.00 and gave the company a "buy" rating in a report on Wednesday, January 29th. Finally, Barclays upgraded shares of Boeing from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $190.00 to $210.00 in a research report on Monday, January 6th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $196.00.

Boeing Trading Down 2.3 %

Shares of NYSE BA traded down $3.67 during midday trading on Tuesday, reaching $155.61. 11,509,194 shares of the stock were exchanged, compared to its average volume of 9,039,408. The company has a market capitalization of $116.72 billion, a P/E ratio of -8.49 and a beta of 1.24. The stock has a 50 day moving average price of $167.65 and a 200-day moving average price of $163.96. The Boeing Company has a 52-week low of $128.88 and a 52-week high of $196.95.

Boeing (NYSE:BA - Get Free Report) last released its 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 last year, the business earned ($0.47) EPS. On average, 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.