Quantinno Capital Management LP Purchases 43,945 Shares of The Boeing Company (NYSE:BA)

Quantinno Capital Management LP lifted its position in The Boeing Company (NYSE:BA) by 175.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 68,973 shares of the aircraft producer’s stock after purchasing an additional 43,945 shares during the quarter. Quantinno Capital Management LP’s holdings in Boeing were worth $12,208,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in BA. Sierra Ocean LLC bought a new position in shares of Boeing in the fourth quarter worth about $26,000. Sugar Maple Asset Management LLC bought a new position in shares of Boeing in the fourth quarter worth about $27,000. Fiduciary Advisors Inc. bought a new position in shares of Boeing in the fourth quarter worth about $28,000. HighMark Wealth Management LLC grew its holdings in shares of Boeing by 121.6% in the fourth quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock worth $29,000 after purchasing an additional 90 shares during the last quarter. Finally, Anfield Capital Management LLC grew its position in shares of Boeing by 113.1% during the 4th quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer’s stock worth $32,000 after buying an additional 95 shares in the last quarter. 64.82% of the stock is owned by institutional investors.

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 transaction of $570,799.71. Following the completion of the sale, the executive vice president now owns 19,213 shares in the company, valued at approximately $3,471,596.97. This represents a 14.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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 sale, the executive vice president now owns 42,513 shares of the company’s stock, 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.

Analysts Set New Price Targets

BA has been the topic of a number of recent research reports. Sanford C. Bernstein raised 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 research report on Monday, April 28th. JPMorgan Chase & Co. increased their target price on Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Wells Fargo & Company restated an “underweight” rating and issued a $140.00 target price (up from $111.00) on shares of Boeing in a research note on Wednesday, April 23rd. Benchmark lowered their target price on shares of Boeing from $250.00 to $215.00 and set a “buy” rating for the company in a research note on Monday, April 21st. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $200.00 target price on shares of Boeing in a research note on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Boeing currently has an average rating of “Moderate Buy” and an average price target of $203.60.

Boeing Stock Up 0.5%

Shares of NYSE BA opened at $204.34 on Thursday. The Boeing Company has a 52 week low of $128.88 and a 52 week high of $209.66. The firm has a 50-day simple moving average of $169.61 and a 200-day simple moving average of $167.80. The stock has a market capitalization of $154.07 billion, a price-to-earnings ratio of -11.15 and a beta of 1.41.

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

Boeing Company 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.