Los Angeles Capital Management LLC Reduces Position in The Boeing Company (NYSE:BA)

Los Angeles Capital Management LLC lowered its position in The Boeing Company (NYSE:BA) by 90.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,567 shares of the aircraft producer’s stock after selling 63,790 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Boeing were worth $1,162,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of BA. HM Payson & Co. grew its position in Boeing by 2.7% during the 3rd quarter. HM Payson & Co. now owns 3,087 shares of the aircraft producer’s stock worth $469,000 after purchasing an additional 81 shares during the last quarter. Stephens Inc. AR grew its position in Boeing by 3.4% during the 3rd quarter. Stephens Inc. AR now owns 41,160 shares of the aircraft producer’s stock worth $6,258,000 after purchasing an additional 1,339 shares during the last quarter. Gladstone Institutional Advisory LLC grew its position in Boeing by 4.9% during the 3rd quarter. Gladstone Institutional Advisory LLC now owns 9,167 shares of the aircraft producer’s stock worth $1,394,000 after purchasing an additional 431 shares during the last quarter. Americana Partners LLC purchased a new position in Boeing during the 3rd quarter worth $1,082,000. Finally, Dash Acquisitions Inc. purchased a new position in Boeing during the 3rd quarter worth $233,000. 64.82% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BA has been the subject of a number of analyst reports. UBS Group upped their price objective on shares of Boeing from $208.00 to $217.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. Citigroup upped their price objective on shares of Boeing from $207.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. Northcoast Research upgraded shares of Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. JPMorgan Chase & Co. upped their price objective on shares of Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, January 2nd. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $195.16.

Boeing Stock Performance

BA opened at $174.84 on Friday. The business’s fifty day moving average is $176.87 and its two-hundred day moving average is $164.71. The company has a market cap of $131.14 billion, a price-to-earnings ratio of -9.54 and a beta of 1.52. The Boeing Company has a one year low of $137.03 and a one year high of $206.62.

Boeing (NYSE:BA) last posted its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same period in the prior year, the firm posted ($0.47) earnings per share. On average, analysts predict that The Boeing Company will post -2.58 EPS for the current fiscal year.

Insider Buying and Selling at Boeing

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $180.69, for a total transaction of $570,799.71. Following 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.16% of the stock is owned by insiders.

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.