Graham Capital Management L.P. Purchases Shares of 77,306 The Boeing Company (NYSE:BA)

Graham Capital Management L.P. purchased a new stake in shares of The Boeing Company (NYSE:BA) in the fourth quarter, according to its most recent 13F filing with the SEC. The fund purchased 77,306 shares of the aircraft producer’s stock, valued at approximately $13,683,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sierra Ocean LLC purchased a new position in shares of Boeing in the 4th quarter worth about $26,000. Sugar Maple Asset Management LLC purchased a new stake in Boeing in the fourth quarter worth approximately $27,000. Fiduciary Advisors Inc. bought a new position in Boeing during the fourth quarter valued at approximately $28,000. HighMark Wealth Management LLC raised its stake in shares of Boeing by 121.6% during the fourth quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock worth $29,000 after acquiring an additional 90 shares in the last quarter. Finally, Anfield Capital Management LLC lifted its holdings in shares of Boeing by 113.1% in the 4th quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer’s stock worth $32,000 after acquiring an additional 95 shares during the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. StockNews.com upgraded shares of Boeing from a “sell” rating to a “hold” rating in a research report on Friday. JPMorgan Chase & Co. increased their target price on Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. TD Securities reaffirmed a “buy” rating and issued a $180.00 price target on shares of Boeing in a research note on Thursday, April 24th. Sanford C. Bernstein raised Boeing from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $181.00 to $218.00 in a research note on Monday, April 28th. Finally, Citigroup lifted their target price on shares of Boeing from $210.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $201.85.

Boeing Price Performance

BA opened at $194.53 on Friday. The firm has a market cap of $146.68 billion, a PE ratio of -10.62 and a beta of 1.41. The stock has a 50-day moving average price of $167.01 and a 200-day moving average price of $166.84. The Boeing Company has a 1 year low of $128.88 and a 1 year high of $196.95.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.39) by $0.90. The firm had revenue of $19.50 billion during the quarter, compared to analysts’ expectations of $19.57 billion. The firm’s quarterly revenue was up 17.7% on a year-over-year basis. During the same period last year, the firm posted ($1.13) earnings per share. As a group, sell-side analysts anticipate that The Boeing Company will post -2.58 EPS for the current year.

Insider Activity at Boeing

In other news, EVP Uma M. Amuluru sold 3,159 shares of the business’s 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 transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP David Christopher Raymond sold 3,899 shares of the firm’s stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $187.01, for a total transaction of $729,151.99. Following the completion of the sale, the executive vice president now owns 42,513 shares in the company, valued at $7,950,356.13. This represents a 8.40 % decrease in their position. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by insiders.

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.