Chicago Capital LLC Decreases Holdings in The Boeing Company (NYSE:BA)

Chicago Capital LLC cut its stake in The Boeing Company (NYSE:BA) by 2.5% during the 4th quarter, HoldingsChannel reports. The firm owned 4,738 shares of the aircraft producer’s stock after selling 120 shares during the quarter. Chicago Capital LLC’s holdings in Boeing were worth $839,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Sugar Maple Asset Management LLC purchased a new stake in shares of Boeing during the 4th quarter valued at about $27,000. Fiduciary Advisors Inc. acquired a new stake in Boeing in the fourth quarter valued at approximately $28,000. RPg Family Wealth Advisory LLC purchased a new stake in shares of Boeing during the third quarter valued at approximately $28,000. Heck Capital Advisors LLC acquired a new position in shares of Boeing during the fourth quarter worth $33,000. Finally, Cedar Wealth Management LLC purchased a new position in shares of Boeing in the third quarter valued at $30,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Trading Down 0.3 %

Shares of Boeing stock opened at $175.95 on Tuesday. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $213.77. The stock has a market capitalization of $108.77 billion, a price-to-earnings ratio of -9.60 and a beta of 1.52. The business’s 50 day simple moving average is $169.50 and its 200-day simple moving average is $164.05.

Boeing (NYSE:BA) last announced its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same quarter in the prior year, the business earned ($0.47) EPS. Sell-side analysts predict that The Boeing Company will post -2.12 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and set a $200.00 price target on shares of Boeing in a research note on Wednesday, January 29th. DZ Bank cut Boeing from a “buy” rating to a “hold” rating and set a $152.00 price target on the stock. in a research note on Tuesday, October 15th. JPMorgan Chase & Co. raised their price objective on Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft increased their target price on Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, January 2nd. Finally, Barclays upgraded shares of Boeing from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $190.00 to $210.00 in a research note on Monday, January 6th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $195.00.

Boeing Company 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.