Capital International Sarl Has $7.30 Million Holdings in Boeing Co (NYSE:BA)

Capital International Sarl cut its position in Boeing Co (NYSE:BA) by 15.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 22,396 shares of the aircraft producer’s stock after selling 4,172 shares during the quarter. Boeing makes up approximately 1.1% of Capital International Sarl’s investment portfolio, making the stock its 29th largest holding. Capital International Sarl’s holdings in Boeing were worth $7,296,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of BA. Americana Partners LLC acquired a new position in Boeing during the fourth quarter worth $26,000. Great Diamond Partners LLC purchased a new stake in shares of Boeing in the fourth quarter worth $33,000. Savior LLC purchased a new stake in shares of Boeing in the fourth quarter worth $36,000. Permanens Capital L.P. grew its stake in shares of Boeing by 112.1% in the fourth quarter. Permanens Capital L.P. now owns 123 shares of the aircraft producer’s stock worth $40,000 after acquiring an additional 65 shares during the last quarter. Finally, Endurance Wealth Management Inc. grew its stake in shares of Boeing by 860.0% in the fourth quarter. Endurance Wealth Management Inc. now owns 144 shares of the aircraft producer’s stock worth $47,000 after acquiring an additional 129 shares during the last quarter. Institutional investors and hedge funds own 67.74% of the company’s stock.

A number of equities research analysts have recently commented on BA shares. Goldman Sachs Group raised Boeing from a “neutral” rating to a “buy” rating and cut their target price for the stock from $256.00 to $173.00 in a research note on Sunday. Cowen decreased their price target on Boeing from to in a research note on Thursday, March 19th. Buckingham Research raised their price target on Boeing from $308.00 to $350.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 5th. Vertical Group lowered Boeing from a “neutral” rating to a “hold” rating in a research note on Wednesday, January 22nd. Finally, Jefferies Financial Group reissued a “buy” rating and set a $185.00 price target on shares of Boeing in a research note on Tuesday. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $298.17.

NYSE BA traded up $16.95 on Thursday, reaching $175.68. 41,527,225 shares of the stock traded hands, compared to its average volume of 25,358,896. Boeing Co has a 12 month low of $89.00 and a 12 month high of $398.66. The company has a fifty day moving average price of $259.41 and a 200-day moving average price of $328.25. The company has a market cap of $71.90 billion, a price-to-earnings ratio of -146.40, a PEG ratio of 35.08 and a beta of 1.34.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, January 29th. The aircraft producer reported ($2.33) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.47 by ($3.80). Boeing had a negative net margin of 0.83% and a negative return on equity of 70.76%. The company had revenue of $17.91 billion during the quarter, compared to analysts’ expectations of $21.76 billion. During the same quarter in the prior year, the business posted $5.48 earnings per share. The company’s revenue was down 36.8% compared to the same quarter last year. Equities analysts anticipate that Boeing Co will post 0.91 EPS for the current year.

Boeing Company Profile

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates in four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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