Bessemer Group Inc. Has $3.42 Million Stock Position in The Boeing Company (NYSE:BA)

Bessemer Group Inc. grew its holdings in The Boeing Company (NYSE:BA) by 19.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,327 shares of the aircraft producer’s stock after acquiring an additional 3,106 shares during the quarter. Bessemer Group Inc.’s holdings in Boeing were worth $3,422,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Azimuth Capital Investment Management LLC boosted its stake in Boeing by 39.9% during the fourth quarter. Azimuth Capital Investment Management LLC now owns 93,959 shares of the aircraft producer’s stock worth $16,631,000 after buying an additional 26,774 shares in the last quarter. Bernard Wealth Management Corp. acquired a new stake in Boeing during the 4th quarter worth $109,000. Sandhill Capital Partners LLC boosted its stake in Boeing by 0.5% in the 4th quarter. Sandhill Capital Partners LLC now owns 18,018 shares of the aircraft producer’s stock worth $3,189,000 after purchasing an additional 97 shares during the period. FIL Ltd increased its holdings in Boeing by 29.3% during the 4th quarter. FIL Ltd now owns 2,483 shares of the aircraft producer’s stock worth $439,000 after purchasing an additional 563 shares in the last quarter. Finally, Southeast Asset Advisors LLC acquired a new stake in shares of Boeing in the 4th quarter valued at about $226,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Insider Activity at Boeing

In other news, EVP Uma M. Amuluru sold 3,159 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $180.69, for a total value of $570,799.71. Following the completion of the transaction, the executive vice president now owns 19,213 shares of the company’s stock, valued at approximately $3,471,596.97. This represents a 14.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.09% of the stock is currently owned by corporate insiders.

Boeing Stock Up 0.9 %

Boeing stock opened at $156.95 on Friday. The company’s 50-day moving average price is $168.68 and its two-hundred day moving average price is $163.94. The stock has a market cap of $117.73 billion, a P/E ratio of -8.57 and a beta of 1.24. The Boeing Company has a twelve month low of $128.88 and a twelve month 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 period last year, the company earned ($0.47) EPS. Equities analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on BA. Melius raised Boeing from a “hold” rating to a “buy” rating in a research report on Monday, March 24th. UBS Group raised their price target on shares of Boeing from $208.00 to $217.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 price objective on shares of Boeing in a research report on Wednesday, January 29th. Susquehanna raised their target price 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 set a $204.00 price target on shares of Boeing in a research report on Monday, March 24th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Boeing currently has a consensus rating of “Moderate Buy” and an average price target of $196.10.

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.