Levin Capital Strategies L.P. Lowers Position in The Boeing Company (NYSE:BA)

Levin Capital Strategies L.P. trimmed its position in shares of The Boeing Company (NYSE:BA) by 10.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,725 shares of the aircraft producer’s stock after selling 200 shares during the quarter. Levin Capital Strategies L.P.’s holdings in Boeing were worth $450,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in BA. CNB Bank boosted its holdings in Boeing by 106.5% during the third quarter. CNB Bank now owns 128 shares of the aircraft producer’s stock worth $25,000 after purchasing an additional 66 shares during the last quarter. Evolution Advisers Inc. bought a new position in shares of Boeing during the 4th quarter worth approximately $28,000. DiNuzzo Private Wealth Inc. purchased a new position in shares of Boeing in the 4th quarter worth approximately $28,000. Naples Money Management LLC bought a new position in shares of Boeing in the fourth quarter valued at approximately $44,000. Finally, Blue Bell Private Wealth Management LLC increased its position in shares of Boeing by 66.2% during the third quarter. Blue Bell Private Wealth Management LLC now owns 236 shares of the aircraft producer’s stock valued at $45,000 after acquiring an additional 94 shares during the last quarter. Institutional investors own 64.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Edward Jones downgraded Boeing from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Wells Fargo & Company decreased their price objective on shares of Boeing from $225.00 to $215.00 and set an “equal weight” rating for the company in a report on Thursday, February 1st. Morgan Stanley dropped their price objective on Boeing from $235.00 to $180.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 10th. TD Cowen decreased their target price on Boeing from $275.00 to $230.00 and set an “outperform” rating for the company in a research report on Monday, March 25th. Finally, Barclays decreased their target price on Boeing from $235.00 to $190.00 and set an “equal weight” rating for the company in a research report on Monday, April 22nd. Two analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, Boeing presently has a consensus rating of “Hold” and an average price target of $222.41.

Boeing Stock Up 0.5 %

NYSE:BA traded up $0.95 during trading hours on Friday, hitting $179.80. 5,412,527 shares of the company’s stock traded hands, compared to its average volume of 9,631,278. The firm has a market cap of $110.38 billion, a P/E ratio of -50.65 and a beta of 1.54. The Boeing Company has a 52 week low of $159.70 and a 52 week high of $267.54. The business’s fifty day simple moving average is $184.16 and its two-hundred day simple moving average is $205.95.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.72) by $0.25. The business had revenue of $22.02 billion for the quarter, compared to the consensus estimate of $21.14 billion. Boeing’s quarterly revenue was up 10.2% on a year-over-year basis. During the same period in the prior year, the business posted ($1.75) EPS. On average, analysts expect that The Boeing Company will post -0.18 EPS for the current year.

About Boeing

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.