Clearbridge Investments LLC Lowers Stock Holdings in The Boeing Company (NYSE:BA)

Clearbridge Investments LLC trimmed its holdings in shares of The Boeing Company (NYSE:BA) by 5.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 4,152 shares of the aircraft producer’s stock after selling 244 shares during the period. Clearbridge Investments LLC’s holdings in Boeing were worth $1,082,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in BA. Evolution Advisers Inc. purchased a new position in shares of Boeing during the fourth quarter valued at approximately $28,000. DiNuzzo Private Wealth Inc. purchased a new position in shares of Boeing during the fourth quarter valued at approximately $28,000. Naples Money Management LLC purchased a new position in shares of Boeing during the fourth quarter valued at approximately $44,000. M&R Capital Management Inc. lifted its holdings in shares of Boeing by 35.0% during the fourth quarter. M&R Capital Management Inc. now owns 193 shares of the aircraft producer’s stock valued at $50,000 after purchasing an additional 50 shares during the last quarter. Finally, Keener Financial Planning LLC purchased a new position in shares of Boeing during the fourth quarter valued at approximately $52,000. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on BA. Barclays decreased their price objective on shares of Boeing from $235.00 to $190.00 and set an “equal weight” rating for the company in a report on Monday, April 22nd. Susquehanna restated a “positive” rating and issued a $230.00 price objective on shares of Boeing in a report on Wednesday, May 15th. Stifel Nicolaus restated a “buy” rating and issued a $240.00 price objective on shares of Boeing in a report on Wednesday, May 15th. Melius restated a “hold” rating on shares of Boeing in a report on Monday, April 1st. Finally, The Goldman Sachs Group decreased their price objective on shares of Boeing from $268.00 to $257.00 and set a “buy” rating for the company in a report on Monday, March 25th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Boeing has a consensus rating of “Hold” and a consensus price target of $221.24.

Boeing Price Performance

Shares of BA stock opened at $174.52 on Monday. The Boeing Company has a 1 year low of $159.70 and a 1 year high of $267.54. The firm has a fifty day moving average price of $179.01 and a 200-day moving average price of $205.63. The company has a market cap of $107.13 billion, a price-to-earnings ratio of -49.16 and a beta of 1.54.

Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, April 24th. The aircraft producer reported ($1.13) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.43) by $0.30. The business had revenue of $16.57 billion for the quarter, compared to the consensus estimate of $17.69 billion. Equities research analysts expect that The Boeing Company will post -1.11 EPS for the current year.

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.