Stevens Capital Management LP Buys 27,567 Shares of The Boeing Company (NYSE:BA)

Stevens Capital Management LP increased its stake in shares of The Boeing Company (NYSE:BA) by 92.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,242 shares of the aircraft producer’s stock after acquiring an additional 27,567 shares during the quarter. Boeing makes up 3.0% of Stevens Capital Management LP’s investment portfolio, making the stock its 11th largest position. Stevens Capital Management LP’s holdings in Boeing were worth $12,160,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of BA. Donaldson Capital Management LLC lifted its stake in Boeing by 3.2% in the 1st quarter. Donaldson Capital Management LLC now owns 1,539 shares of the aircraft producer’s stock valued at $327,000 after buying an additional 48 shares in the last quarter. Avalon Investment & Advisory lifted its stake in Boeing by 2.7% in the 4th quarter. Avalon Investment & Advisory now owns 1,884 shares of the aircraft producer’s stock worth $359,000 after purchasing an additional 49 shares in the last quarter. Waverly Advisors LLC lifted its stake in Boeing by 0.6% in the 4th quarter. Waverly Advisors LLC now owns 8,015 shares of the aircraft producer’s stock worth $1,527,000 after purchasing an additional 49 shares in the last quarter. Silverlake Wealth Management LLC lifted its stake in Boeing by 0.9% in the 1st quarter. Silverlake Wealth Management LLC now owns 5,773 shares of the aircraft producer’s stock worth $1,226,000 after purchasing an additional 50 shares in the last quarter. Finally, Cornell Pochily Investment Advisors Inc. lifted its stake in Boeing by 3.4% in the 1st quarter. Cornell Pochily Investment Advisors Inc. now owns 1,508 shares of the aircraft producer’s stock worth $320,000 after purchasing an additional 50 shares in the last quarter. 61.33% of the stock is currently owned by institutional investors.

Insider Transactions at Boeing

In related news, CEO Theodore Colbert III sold 8,500 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $238.37, for a total value of $2,026,145.00. Following the completion of the sale, the chief executive officer now directly owns 59,255 shares of the company’s stock, valued at $14,124,614.35. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CEO Theodore Colbert III sold 8,500 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $238.37, for a total value of $2,026,145.00. Following the completion of the sale, the chief executive officer now directly owns 59,255 shares of the company’s stock, valued at $14,124,614.35. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Steven M. Mollenkopf purchased 850 shares of Boeing stock in a transaction that occurred on Monday, July 31st. The stock was bought at an average cost of $237.00 per share, with a total value of $201,450.00. Following the completion of the transaction, the director now owns 3,767 shares of the company’s stock, valued at $892,779. The disclosure for this purchase can be found here. Corporate insiders own 0.15% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on BA shares. TheStreet raised shares of Boeing from a “d+” rating to a “c-” rating in a research note on Tuesday, August 15th. Citigroup lifted their price target on shares of Boeing from $248.00 to $285.00 and gave the company a “buy” rating in a research report on Friday, July 28th. Bank of America raised shares of Boeing from a “neutral” rating to a “buy” rating and lifted their price target for the company from $225.00 to $300.00 in a research report on Thursday, July 27th. JPMorgan Chase & Co. lifted their price target on shares of Boeing from $225.00 to $245.00 in a research report on Thursday, July 27th. Finally, Susquehanna lifted their price target on shares of Boeing from $260.00 to $270.00 in a research report on Thursday, July 27th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, Boeing presently has a consensus rating of “Moderate Buy” and an average price target of $245.13.

Boeing Stock Performance

Shares of NYSE:BA traded down $0.63 during trading on Friday, hitting $223.40. The company’s stock had a trading volume of 3,658,370 shares, compared to its average volume of 5,724,781. The business has a 50 day moving average price of $222.94 and a two-hundred day moving average price of $212.57. The company has a market capitalization of $134.40 billion, a PE ratio of -29.83 and a beta of 1.41. The Boeing Company has a fifty-two week low of $120.99 and a fifty-two week high of $243.10.

Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, July 26th. The aircraft producer reported ($0.82) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.99) by $0.17. The firm had revenue of $19.75 billion for the quarter, compared to analysts’ expectations of $18.59 billion. Boeing’s revenue for the quarter was up 18.4% on a year-over-year basis. During the same period last year, the firm posted ($0.37) earnings per share. As a group, equities analysts expect that The Boeing Company will post -1.98 earnings per share for the current fiscal year.

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 four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.