Caprock Group LLC Sells 464 Shares of The Boeing Company (NYSE:BA)

Caprock Group LLC lowered its stake in The Boeing Company (NYSE:BA) by 4.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 9,770 shares of the aircraft producer’s stock after selling 464 shares during the quarter. Caprock Group LLC’s holdings in Boeing were worth $1,729,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Czech National Bank increased its position in shares of Boeing by 8.4% during the third quarter. Czech National Bank now owns 119,243 shares of the aircraft producer’s stock valued at $18,130,000 after acquiring an additional 9,281 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Boeing by 6.9% in the 3rd quarter. GAMMA Investing LLC now owns 4,069 shares of the aircraft producer’s stock worth $619,000 after purchasing an additional 264 shares in the last quarter. Herbst Group LLC raised its stake in shares of Boeing by 1.0% in the third quarter. Herbst Group LLC now owns 15,751 shares of the aircraft producer’s stock worth $2,395,000 after purchasing an additional 160 shares during the last quarter. Smith Anglin Financial LLC lifted its holdings in shares of Boeing by 2.3% during the third quarter. Smith Anglin Financial LLC now owns 3,618 shares of the aircraft producer’s stock valued at $550,000 after purchasing an additional 82 shares in the last quarter. Finally, Miracle Mile Advisors LLC boosted its position in shares of Boeing by 7.1% during the third quarter. Miracle Mile Advisors LLC now owns 20,264 shares of the aircraft producer’s stock valued at $3,081,000 after buying an additional 1,344 shares during the last quarter. Institutional investors own 64.82% of the company’s stock.

Boeing Stock Down 1.8 %

NYSE BA opened at $176.26 on Monday. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $214.63. The business has a 50-day moving average price of $169.50 and a 200-day moving average price of $164.20. The firm has a market cap of $108.96 billion, a price-to-earnings ratio of -9.62 and a beta of 1.52.

Boeing (NYSE:BA) last posted its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same period last year, the company posted ($0.47) earnings per share. Research analysts expect that The Boeing Company will post -1.61 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on BA shares. Morgan Stanley decreased their target price on Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a research report on Thursday, October 24th. Wells Fargo & Company increased their price objective on shares of Boeing from $85.00 to $103.00 and gave the company an “underweight” rating in a research report on Wednesday, January 29th. TD Cowen cut their target price on shares of Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Citigroup lowered their price target on Boeing from $209.00 to $207.00 and set a “buy” rating on the stock in a report on Friday, January 24th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a 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 given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $195.00.

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.