Polymer Capital Management HK LTD Buys Shares of 105,970 The Boeing Company (NYSE:BA)

Polymer Capital Management HK LTD bought a new position in The Boeing Company (NYSE:BA - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 105,970 shares of the aircraft producer's stock, valued at approximately $18,757,000. Boeing makes up approximately 3.3% of Polymer Capital Management HK LTD's investment portfolio, making the stock its 3rd largest holding.

Other hedge funds have also recently modified their holdings of the company. AdvisorNet Financial Inc lifted its position in Boeing by 54.2% during the fourth quarter. AdvisorNet Financial Inc now owns 2,021 shares of the aircraft producer's stock valued at $358,000 after purchasing an additional 710 shares during the period. Carnegie Investment Counsel increased its position in Boeing by 175.6% during the fourth quarter. Carnegie Investment Counsel now owns 4,619 shares of the aircraft producer's stock valued at $818,000 after acquiring an additional 2,943 shares during the last quarter. Principal Financial Group Inc. boosted its position in Boeing by 6.1% in the third quarter. Principal Financial Group Inc. now owns 666,244 shares of the aircraft producer's stock worth $101,296,000 after purchasing an additional 38,332 shares during the last quarter. World Investment Advisors LLC grew its stake 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 purchasing an additional 3,814 shares during the period. Finally, Amundi increased its position in shares of Boeing by 473.6% during the 4th quarter. Amundi now owns 1,565,337 shares of the aircraft producer's stock valued at $268,862,000 after purchasing an additional 1,292,417 shares during the last quarter. Hedge funds and other institutional investors own 64.82% of the company's stock.

Boeing Stock Down 3.9 %

BA traded down $6.23 during trading on Thursday, reaching $154.59. The company had a trading volume of 6,283,566 shares, compared to its average volume of 9,003,914. The Boeing Company has a 52 week low of $128.88 and a 52 week high of $196.95. The stock has a market cap of $115.95 billion, a P/E ratio of -8.38 and a beta of 1.24. The business has a 50 day simple moving average of $169.48 and a 200-day simple moving average of $163.91.

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

Wall Street Analysts Forecast Growth

BA has been the subject of several recent research reports. Citigroup boosted their target price on shares of Boeing from $207.00 to $210.00 and gave the company a "buy" rating in a research report on Monday, February 10th. Wells Fargo & Company raised their target price on Boeing from $103.00 to $113.00 and gave the stock an "underweight" rating in a report on Monday, March 17th. UBS Group boosted their price target on Boeing from $208.00 to $217.00 and gave the company a "buy" rating in a report on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Boeing from $184.00 to $215.00 and gave the stock a "buy" rating in a report on Thursday, January 2nd. Finally, StockNews.com upgraded Boeing to a "sell" rating in a research report on Saturday, April 5th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Boeing presently has a consensus rating of "Moderate Buy" and a consensus price target of $196.10.

Insider Transactions at Boeing

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of Boeing stock in a transaction on Thursday, February 20th. The stock was 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 directly owns 19,213 shares of the company's stock, valued at $3,471,596.97. The trade was a 14.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.09% of the company's stock.

About Boeing

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.