Caisse DE Depot ET Placement DU Quebec Has $71.78 Million Position in The Boeing Company (NYSE:BA)

Caisse DE Depot ET Placement DU Quebec grew its holdings in The Boeing Company (NYSE:BA) by 2,123.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 405,517 shares of the aircraft producer’s stock after purchasing an additional 387,278 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned about 0.05% of Boeing worth $71,777,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Insider Activity at Boeing

In related news, EVP Uma M. Amuluru sold 3,159 shares of the business’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $180.69, for a total value of $570,799.71. Following the sale, the executive vice president now directly owns 19,213 shares in the company, valued at approximately $3,471,596.97. The trade was a 14.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.09% of the stock is owned by company insiders.

Boeing Price Performance

Shares of Boeing stock opened at $183.00 on Friday. The stock has a fifty day moving average price of $165.00 and a 200-day moving average price of $165.51. The firm has a market cap of $137.98 billion, a PE ratio of -9.99 and a beta of 1.24. The Boeing Company has a 1 year low of $128.88 and a 1 year high of $196.95.

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

Analyst Ratings Changes

BA has been the subject of a number of research analyst reports. Melius raised Boeing from a “hold” rating to a “buy” rating in a research report on Monday, March 24th. StockNews.com upgraded Boeing to a “sell” rating in a report on Thursday, April 24th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $200.00 target price on shares of Boeing in a research report on Wednesday, April 23rd. TD Securities restated a “buy” rating and set a $180.00 price target on shares of Boeing in a research note on Thursday, April 24th. Finally, Morgan Stanley raised their price objective on shares of Boeing from $175.00 to $185.00 and gave the company an “equal weight” rating in a research note on Thursday, April 24th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $200.90.

Boeing 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.