325 Shares in The Boeing Company (NYSE:BA) Acquired by Fourth Dimension Wealth LLC

Fourth Dimension Wealth LLC bought a new position in shares of The Boeing Company (NYSE:BA) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 325 shares of the aircraft producer’s stock, valued at approximately $58,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of BA. Vanguard Group Inc. increased its holdings in shares of Boeing by 24.4% in the 4th quarter. Vanguard Group Inc. now owns 64,442,717 shares of the aircraft producer’s stock worth $11,406,361,000 after buying an additional 12,641,715 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Boeing by 29.5% in the 4th quarter. Geode Capital Management LLC now owns 15,171,869 shares of the aircraft producer’s stock worth $2,677,170,000 after buying an additional 3,452,075 shares during the last quarter. Castlekeep Investment Advisors LLC bought a new position in shares of Boeing in the 4th quarter worth $568,000. Alyeska Investment Group L.P. bought a new position in shares of Boeing in the 4th quarter worth $526,889,000. Finally, Zimmer Partners LP bought a new position in shares of Boeing in the 4th quarter worth $393,736,000. Institutional investors own 64.82% of the company’s stock.

Boeing Stock Down 0.5%

Shares of BA opened at $202.49 on Friday. The stock has a market capitalization of $152.68 billion, a P/E ratio of -11.05 and a beta of 1.41. The firm has a fifty day simple moving average of $176.17 and a two-hundred day simple moving average of $170.33. The Boeing Company has a twelve month low of $128.88 and a twelve month high of $209.66.

Boeing (NYSE:BA) last posted its earnings results 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 analysts’ expectations of $19.57 billion. During the same period in the prior year, the business posted ($1.13) earnings per share. The company’s revenue for the quarter was up 17.7% on a year-over-year basis. Sell-side analysts expect that The Boeing Company will post -2.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. UBS Group increased their price target on shares of Boeing from $207.00 to $226.00 and gave the stock a “buy” rating in a report on Friday, May 9th. Wells Fargo & Company reaffirmed an “underweight” rating on shares of Boeing in a report on Thursday. Sanford C. Bernstein raised shares of Boeing from a “market perform” rating to an “outperform” rating and increased their target price for the company from $181.00 to $218.00 in a report on Monday, April 28th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $200.00 target price on shares of Boeing in a report on Wednesday, April 23rd. Finally, Morgan Stanley reaffirmed an “equal weight” rating on shares of Boeing in a report on Thursday. Three analysts have rated the stock with a sell rating, four have issued a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $204.35.

Insider Transactions at Boeing

In other news, SVP Brendan J. Nelson sold 640 shares of the firm’s stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $206.28, for a total value of $132,019.20. Following the completion of the sale, the senior vice president now directly owns 13,258 shares of the company’s stock, valued at approximately $2,734,860.24. This trade represents a 4.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP David Christopher Raymond sold 3,899 shares of the stock in a transaction dated 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 transaction, the executive vice president now owns 42,513 shares of the company’s stock, valued at approximately $7,950,356.13. The trade was a 8.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,744 shares of company stock valued at $1,511,370. 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.