Osterweis Capital Management Inc. Buys 82,563 Shares of The Boeing Company (NYSE:BA)

Osterweis Capital Management Inc. increased its position in The Boeing Company (NYSE:BA - Free Report) by 10,372.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 83,359 shares of the aircraft producer's stock after buying an additional 82,563 shares during the quarter. Osterweis Capital Management Inc.'s holdings in Boeing were worth $14,754,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Virtu Financial LLC bought a new stake in shares of Boeing in the 3rd quarter worth approximately $7,544,000. World Investment Advisors LLC lifted its position in shares of Boeing by 243.4% during the 3rd quarter. World Investment Advisors LLC now owns 5,381 shares of the aircraft producer's stock valued at $818,000 after acquiring an additional 3,814 shares during the last quarter. Wilmington Savings Fund Society FSB boosted 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 worth $2,593,000 after acquiring an additional 12,680 shares in the last quarter. Tidal Investments LLC raised its position in shares of Boeing by 2.1% during the third quarter. Tidal Investments LLC now owns 38,230 shares of the aircraft producer's stock worth $5,812,000 after purchasing an additional 804 shares during the period. Finally, Franklin Resources Inc. boosted its position in shares of Boeing by 1,296.3% in the 3rd quarter. Franklin Resources Inc. now owns 1,136,895 shares of the aircraft producer's stock valued at $169,386,000 after purchasing an additional 1,055,472 shares during the period. 64.82% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Uma M. Amuluru sold 3,159 shares of the company's stock in a transaction on 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 directly owns 19,213 shares in the company, valued at approximately $3,471,596.97. This represents a 14.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.09% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on the stock. Royal Bank of Canada reiterated an "outperform" rating and issued a $200.00 target price on shares of Boeing in a report on Wednesday, January 29th. Barclays upgraded Boeing from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $190.00 to $210.00 in a report on Monday, January 6th. JPMorgan Chase & Co. raised their price objective on Boeing from $190.00 to $200.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 29th. Melius upgraded shares of Boeing from a "hold" rating to a "buy" rating in a report on Monday, March 24th. Finally, UBS Group increased their target price on shares of Boeing from $208.00 to $217.00 and gave the stock a "buy" rating in a research report on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $198.95.

Boeing Stock Performance

Shares of NYSE:BA traded up $5.37 during midday trading on Friday, hitting $161.84. The company's stock had a trading volume of 9,213,706 shares, compared to its average volume of 9,054,624. The Boeing Company has a fifty-two week low of $128.88 and a fifty-two week high of $196.95. The stock has a market capitalization of $121.39 billion, a price-to-earnings ratio of -8.83 and a beta of 1.24. The stock's 50 day simple moving average is $166.41 and its 200 day simple moving average is $164.03.

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