Vulcan Value Partners LLC Cuts Stake in Boeing Co (BA)

Vulcan Value Partners LLC lowered its position in shares of Boeing Co (NYSE:BA) by 35.5% during the fourth quarter, Holdings Channel reports. The fund owned 1,860,523 shares of the aircraft producer’s stock after selling 1,022,346 shares during the period. Boeing comprises about 2.6% of Vulcan Value Partners LLC’s holdings, making the stock its 18th largest position. Vulcan Value Partners LLC’s holdings in Boeing were worth $289,646,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Cable Hill Partners LLC raised its position in shares of Boeing by 0.5% in the third quarter. Cable Hill Partners LLC now owns 1,674 shares of the aircraft producer’s stock valued at $225,000 after buying an additional 8 shares during the last quarter. Bangor Savings Bank raised its position in shares of Boeing by 0.6% in the third quarter. Bangor Savings Bank now owns 2,221 shares of the aircraft producer’s stock valued at $292,000 after buying an additional 14 shares during the last quarter. Accredited Investors Inc. raised its position in shares of Boeing by 0.7% in the third quarter. Accredited Investors Inc. now owns 2,034 shares of the aircraft producer’s stock valued at $268,000 after buying an additional 14 shares during the last quarter. Stillwater Investment Management LLC raised its position in shares of Boeing by 0.8% in the third quarter. Stillwater Investment Management LLC now owns 1,965 shares of the aircraft producer’s stock valued at $259,000 after buying an additional 16 shares during the last quarter. Finally, LLBH Private Wealth Management LLC raised its position in shares of Boeing by 0.3% in the third quarter. LLBH Private Wealth Management LLC now owns 7,234 shares of the aircraft producer’s stock valued at $953,000 after buying an additional 22 shares during the last quarter. 74.66% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Boeing (NYSE:BA)

Shares of Boeing Co (NYSE:BA) opened at 179.39 on Tuesday. The stock has a market capitalization of $109.87 billion, a PE ratio of 23.57 and a beta of 1.08. The company has a 50-day moving average price of $173.49 and a 200 day moving average price of $152.07. Boeing Co has a 52 week low of $122.35 and a 52 week high of $185.71.

Boeing (NYSE:BA) last announced its earnings results on Wednesday, January 25th. The aircraft producer reported $2.47 EPS for the quarter, topping the Zacks’ consensus estimate of $2.34 by $0.13. The firm earned $23.30 billion during the quarter, compared to analysts’ expectations of $23.25 billion. Boeing had a return on equity of 239.48% and a net margin of 5.18%. The company’s quarterly revenue was down 1.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.60 EPS. Equities analysts forecast that Boeing Co will post $9.30 EPS for the current fiscal year.

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BA has been the subject of several recent analyst reports. Deutsche Bank AG boosted their price objective on Boeing from $165.00 to $175.00 and gave the stock a “buy” rating in a report on Monday, December 5th. Vetr lowered Boeing from a “hold” rating to a “sell” rating and set a $142.21 target price for the company. in a research note on Thursday, November 24th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $165.00 target price on shares of Boeing in a research note on Tuesday, December 13th. Robert W. Baird reaffirmed an “outperform” rating and issued a $182.00 target price on shares of Boeing in a research note on Friday, January 20th. Finally, Royal Bank of Canada started coverage on Boeing in a research note on Thursday, January 12th. They issued an “underperform” rating and a $136.00 target price for the company. Seven analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the company. Boeing has a consensus rating of “Hold” and an average price target of $159.08.

In other news, EVP J Michael Luttig sold 102,080 shares of Boeing stock in a transaction that occurred on Tuesday, February 7th. The stock was sold at an average price of $166.76, for a total value of $17,022,860.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Gregory L. Hyslop sold 3,573 shares of Boeing stock in a transaction that occurred on Thursday, February 2nd. The stock was sold at an average price of $162.33, for a total value of $580,005.09. The disclosure for this sale can be found here. In the last quarter, insiders sold 206,827 shares of company stock valued at $34,170,203. Company insiders own 0.58% of the company’s stock.

Boeing Company Profile

The Boeing Company is an aerospace company. The Company’s segments include Commercial Airplanes; Defense, Space & Security (BDS), such as Boeing Military Aircraft (BMA), Network & Space Systems (N&SS) and Global Services & Support (GS&S), and Boeing Capital (BCC). The Commercial Airplanes segment develops, produces and markets commercial jet aircraft and provides related support services, to the commercial airline industry.

5 Day Chart for NYSE:BA

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