Capital Wealth Alliance LLC Cuts Holdings in The Boeing Company (NYSE:BA)

Capital Wealth Alliance LLC reduced its position in The Boeing Company (NYSE:BA) by 12.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,265 shares of the aircraft producer’s stock after selling 186 shares during the period. Capital Wealth Alliance LLC’s holdings in Boeing were worth $230,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Capital Research Global Investors raised its holdings in shares of Boeing by 35.5% during the 4th quarter. Capital Research Global Investors now owns 16,880,647 shares of the aircraft producer’s stock worth $4,400,109,000 after acquiring an additional 4,425,964 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of Boeing by 563.9% in the fourth quarter. Wellington Management Group LLP now owns 3,439,093 shares of the aircraft producer’s stock valued at $896,434,000 after purchasing an additional 2,921,043 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in Boeing by 23.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,823,006 shares of the aircraft producer’s stock worth $2,560,466,000 after purchasing an additional 1,884,850 shares during the last quarter. Boston Partners raised its stake in Boeing by 861.6% during the fourth quarter. Boston Partners now owns 1,804,853 shares of the aircraft producer’s stock valued at $467,338,000 after purchasing an additional 1,617,151 shares in the last quarter. Finally, Global Assets Advisory LLC bought a new position in Boeing during the first quarter valued at $272,312,000. 64.82% of the stock is owned by institutional investors.

Boeing Stock Up 1.3 %

Shares of Boeing stock traded up $2.20 during trading on Friday, reaching $174.96. The company’s stock had a trading volume of 4,400,971 shares, compared to its average volume of 7,969,573. The company has a 50-day simple moving average of $178.52 and a two-hundred day simple moving average of $183.72. The Boeing Company has a 1-year low of $159.70 and a 1-year high of $267.54. The company has a market cap of $107.41 billion, a price-to-earnings ratio of -49.28 and a beta of 1.56.

Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.00) by ($1.90). The firm had revenue of $16.87 billion during the quarter, compared to analyst estimates of $17.35 billion. The business’s revenue was down 14.6% on a year-over-year basis. During the same quarter last year, the firm earned ($0.82) EPS. As a group, analysts anticipate that The Boeing Company will post -2.38 earnings per share for the current year.

Analyst Upgrades and Downgrades

BA has been the topic of a number of research reports. Sanford C. Bernstein reduced their target price on shares of Boeing from $222.00 to $207.00 and set an “outperform” rating on the stock in a report on Monday, August 5th. Baird R W upgraded Boeing to a “strong-buy” rating in a research report on Monday, June 3rd. Robert W. Baird dropped their target price on Boeing from $300.00 to $240.00 and set an “outperform” rating for the company in a report on Monday, June 3rd. Wells Fargo & Company cut their target price on Boeing from $190.00 to $185.00 and set an “equal weight” rating on the stock in a research report on Friday, August 2nd. Finally, StockNews.com downgraded Boeing from a “hold” rating to a “sell” rating in a research report on Friday, April 26th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $215.18.

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.