New York Life Investment Management LLC Acquires 312 Shares of The Boeing Company (NYSE:BA)

New York Life Investment Management LLC boosted its holdings in shares of The Boeing Company (NYSE:BA – Get Rating) by 0.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 79,877 shares of the aircraft producer’s stock after purchasing an additional 312 shares during the quarter. New York Life Investment Management LLC’s holdings in Boeing were worth $15,216,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. United Bank lifted its position in shares of Boeing by 4.7% in the 1st quarter. United Bank now owns 5,036 shares of the aircraft producer’s stock worth $964,000 after acquiring an additional 226 shares during the period. Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of Boeing by 1,064.4% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 850 shares of the aircraft producer’s stock worth $163,000 after acquiring an additional 777 shares during the period. Panagora Asset Management Inc. lifted its position in shares of Boeing by 68.0% in the 1st quarter. Panagora Asset Management Inc. now owns 7,111 shares of the aircraft producer’s stock worth $1,362,000 after acquiring an additional 2,879 shares during the period. Prudential PLC bought a new stake in shares of Boeing in the 1st quarter worth approximately $836,000. Finally, Dakota Wealth Management lifted its position in shares of Boeing by 26.7% in the 1st quarter. Dakota Wealth Management now owns 2,127 shares of the aircraft producer’s stock worth $408,000 after acquiring an additional 448 shares during the period. Institutional investors own 57.07% of the company’s stock.

Boeing Stock Up 1.3 %

Shares of NYSE BA traded up $2.61 during midday trading on Friday, hitting $203.48. The stock had a trading volume of 763,973 shares, compared to its average volume of 5,802,017. The company’s 50-day simple moving average is $204.96 and its 200 day simple moving average is $199.40. The Boeing Company has a fifty-two week low of $113.02 and a fifty-two week high of $221.33.

Boeing (NYSE:BA – Get Rating) last posted its quarterly earnings results on Wednesday, April 26th. The aircraft producer reported ($1.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.98) by ($0.29). The firm had revenue of $17.92 billion during the quarter, compared to analyst estimates of $17.56 billion. During the same quarter in the prior year, the company earned ($2.75) EPS. The firm’s revenue was up 28.1% compared to the same quarter last year. On average, equities research analysts forecast that The Boeing Company will post -0.73 EPS for the current year.

Analyst Ratings Changes

A number of analysts have commented on BA shares. Jefferies Financial Group raised their price objective on Boeing from $240.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, January 30th. 888 reissued a “maintains” rating on shares of Boeing in a report on Thursday, April 27th. Citigroup increased their target price on Boeing from $222.00 to $248.00 and gave the stock a “buy” rating in a report on Friday, January 27th. Credit Suisse Group increased their target price on Boeing from $200.00 to $220.00 in a report on Monday, April 10th. Finally, JPMorgan Chase & Co. set a $225.00 target price on Boeing in a report on Friday, February 24th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $221.60.

Insider Transactions at Boeing

In other news, EVP Howard E. Mckenzie sold 412 shares of the firm’s stock in a transaction on Monday, May 1st. The stock was sold at an average price of $204.36, for a total value of $84,196.32. Following the transaction, the executive vice president now directly owns 17,181 shares in the company, valued at approximately $3,511,109.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.15% of the stock is owned by corporate insiders.

Boeing Profile

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The Boeing Co is an aerospace company, which engages in the manufacture of commercial jetliners and defense, space, and security systems. It operates through the following segments: Commercial Airplanes (BCA), Defense, Space and Security (BDS), Global Services (BGS), and Boeing Capital (BCC). The Commercial Airplanes segment includes the development, production, and market of commercial jet aircraft and provides fleet support services, principally to the commercial airline industry worldwide.