Geode Capital Management LLC Boosts Holdings in The Boeing Company (NYSE:BA)

Geode Capital Management LLC increased its stake in shares of The Boeing Company (NYSE:BA) by 29.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 15,171,869 shares of the aircraft producer’s stock after acquiring an additional 3,452,075 shares during the quarter. Geode Capital Management LLC owned about 2.02% of Boeing worth $2,677,170,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Sierra Ocean LLC bought a new stake in Boeing in the 4th quarter worth approximately $26,000. Sugar Maple Asset Management LLC bought a new stake in shares of Boeing in the 4th quarter valued at approximately $27,000. Fiduciary Advisors Inc. purchased a new position in shares of Boeing in the 4th quarter worth approximately $28,000. HighMark Wealth Management LLC increased its position in shares of Boeing by 121.6% during the 4th quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock valued at $29,000 after purchasing an additional 90 shares during the last quarter. Finally, Anfield Capital Management LLC raised its holdings in Boeing by 113.1% during the 4th quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer’s stock valued at $32,000 after buying an additional 95 shares during the period. 64.82% of the stock is owned by hedge funds and other institutional investors.

Boeing Stock Down 1.5 %

Shares of Boeing stock opened at $170.66 on Tuesday. The company has a market cap of $128.01 billion, a P/E ratio of -9.32 and a beta of 1.53. The firm’s 50 day moving average price is $173.97 and its 200-day moving average price is $164.28. The Boeing Company has a 52-week low of $137.03 and a 52-week high of $196.95.

Boeing (NYSE:BA) 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 quarter in the prior year, the firm posted ($0.47) earnings per share. As a group, equities research analysts forecast that The Boeing Company will post -2.58 EPS for the current fiscal year.

Insider Buying and Selling

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 value of $570,799.71. Following the transaction, the executive vice president now owns 19,213 shares in the company, valued at approximately $3,471,596.97. This represents a 14.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.09% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. UBS Group boosted their price objective on shares of Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. Royal Bank of Canada reissued an “outperform” rating and set a $200.00 target price on shares of Boeing in a research note on Wednesday, January 29th. Northcoast Research raised shares of Boeing from a “sell” rating to a “neutral” rating in a research note on Thursday, December 12th. Susquehanna boosted their price objective 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, Melius Research raised shares of Boeing from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 24th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Boeing currently has a consensus rating of “Moderate Buy” and an average price target of $195.68.

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.