Chicago Capital LLC Lowers Stock Position in The Boeing Company (NYSE:BA)

Chicago Capital LLC decreased its holdings in The Boeing Company (NYSE:BA) by 2.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Sugar Maple Asset Management LLC acquired a new stake in shares of Boeing during the fourth quarter worth about $27,000. RPg Family Wealth Advisory LLC acquired a new stake in Boeing during the 3rd quarter worth approximately $28,000. Fiduciary Advisors Inc. purchased a new position in shares of Boeing in the 4th quarter valued at approximately $28,000. Cedar Wealth Management LLC acquired a new position in shares of Boeing in the third quarter valued at approximately $30,000. Finally, Heck Capital Advisors LLC purchased a new stake in shares of Boeing during the fourth quarter worth approximately $33,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Price Performance

Shares of Boeing stock opened at $175.95 on Tuesday. The business has a 50 day moving average price of $169.50 and a 200 day moving average price of $164.05. The company has a market capitalization of $108.77 billion, a P/E ratio of -9.60 and a beta of 1.52. The Boeing Company has a 1 year low of $137.03 and a 1 year high of $213.77.

Boeing (NYSE:BA) last posted its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same quarter last year, the business earned ($0.47) earnings per share. As a group, research analysts expect that The Boeing Company will post -2.12 EPS for the current fiscal year.

Analysts Set New Price Targets

BA has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, January 2nd. DZ Bank cut shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 price target for the company. in a report on Tuesday, October 15th. Benchmark reaffirmed a “buy” rating and issued a $250.00 price objective on shares of Boeing in a report on Thursday, October 24th. Morgan Stanley cut their target price on Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a research note on Thursday, October 24th. Finally, JPMorgan Chase & Co. lifted their price target on Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, eight have issued 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, Boeing has a consensus rating of “Moderate Buy” and a consensus target price of $195.00.

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.