OMERS ADMINISTRATION Corp Grows Position in The Boeing Company (NYSE:BA)

OMERS ADMINISTRATION Corp raised its holdings in The Boeing Company (NYSE:BA) by 21.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,229 shares of the aircraft producer’s stock after acquiring an additional 4,269 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Boeing were worth $4,289,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of Boeing by 24.4% during the 4th quarter. Vanguard Group Inc. now owns 64,442,717 shares of the aircraft producer’s stock valued at $11,406,361,000 after buying an additional 12,641,715 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Boeing by 29.5% during the 4th quarter. Geode Capital Management LLC now owns 15,171,869 shares of the aircraft producer’s stock valued at $2,677,170,000 after buying an additional 3,452,075 shares in the last quarter. Castlekeep Investment Advisors LLC purchased a new position in shares of Boeing during the 4th quarter valued at about $568,000. Alyeska Investment Group L.P. purchased a new position in shares of Boeing during the 4th quarter valued at about $526,889,000. Finally, Northern Trust Corp raised its holdings in shares of Boeing by 33.6% during the 4th quarter. Northern Trust Corp now owns 6,504,610 shares of the aircraft producer’s stock valued at $1,151,316,000 after buying an additional 1,634,231 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Insider Transactions at Boeing

In other news, EVP Uma M. Amuluru sold 3,159 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $180.69, for a total value of $570,799.71. Following the transaction, the executive vice president now owns 19,213 shares in the company, valued at $3,471,596.97. This represents a 14.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP David Christopher Raymond sold 3,899 shares of the 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 transaction, the executive vice president now owns 42,513 shares in the company, valued at $7,950,356.13. This trade represents a 8.40% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.09% of the company’s stock.

Boeing Price Performance

NYSE:BA opened at $203.36 on Wednesday. The firm’s 50-day moving average price is $168.61 and its 200-day moving average price is $167.55. The company has a market capitalization of $153.33 billion, a PE ratio of -11.10 and a beta of 1.41. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $205.73.

Boeing (NYSE:BA) last released its earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.39) by $0.90. The business 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% compared to the same quarter last year. During the same period in the prior year, the company earned ($1.13) earnings per share. Equities analysts anticipate that The Boeing Company will post -2.58 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on BA. Melius Research set a $204.00 price objective on Boeing in a report on Monday, March 24th. Cowen restated a “buy” rating on shares of Boeing in a research report on Wednesday, May 7th. Benchmark reduced their price target on Boeing from $250.00 to $215.00 and set a “buy” rating on the stock in a research report on Monday, April 21st. Melius upgraded Boeing from a “hold” rating to a “buy” rating in a research report on Monday, March 24th. Finally, Morgan Stanley raised their price target on Boeing from $175.00 to $185.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $201.85.

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.