5 Best Drone Stocks to Invest In

3. The Boeing Company (NYSE: BA)

Number of Hedge Fund Holders: 59

The Boeing Company (NYSE: BA) manufactures and supports commercial jetliners, military aircraft, satellites, and drones, among other products and alongside providing other services. The company operates internationally, and its Defense, Space & Security segment is indulged primarily in the research and development of manned and unmanned military aircraft and weapons systems. The company ranks 3rd on our list of the best drone stocks to invest in.

The Boeing Company (NYSE: BA) announced in its first-quarter report that the company had -$1.59 in EPS versus the -$1.09 estimate for the quarter. First-quarter revenue stood at $15.22 billion, and the company also gained 8.86% in the past 6 months and 18.01% year to date.

As of the end of the first quarter this year, 59 hedge funds out of the 866 tracked by Insider Monkey held stakes in The Boeing Company (NYSE: BA), worth roughly $1.44 billion. This is compared to 55 hedge fund holders in the previous quarter, with a lower stake value of roughly $1.05 billion.