Los Angeles Capital Management LLC Increases Position in The Boeing Company (NYSE:BA)

Los Angeles Capital Management LLC boosted its holdings in shares of The Boeing Company (NYSE:BA) by 27.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 351,145 shares of the aircraft producer’s stock after purchasing an additional 76,399 shares during the period. Los Angeles Capital Management LLC owned about 0.06% of Boeing worth $91,529,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BA. Robeco Institutional Asset Management B.V. lifted its position in Boeing by 3.7% during the third quarter. Robeco Institutional Asset Management B.V. now owns 31,917 shares of the aircraft producer’s stock valued at $6,118,000 after purchasing an additional 1,133 shares during the period. Raymond James & Associates raised its position in shares of Boeing by 0.4% in the third quarter. Raymond James & Associates now owns 773,390 shares of the aircraft producer’s stock worth $148,243,000 after acquiring an additional 3,191 shares during the period. Raymond James Financial Services Advisors Inc. raised its position in shares of Boeing by 2.0% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 477,981 shares of the aircraft producer’s stock worth $91,619,000 after acquiring an additional 9,394 shares during the period. Simon Quick Advisors LLC raised its position in shares of Boeing by 6.5% in the third quarter. Simon Quick Advisors LLC now owns 1,872 shares of the aircraft producer’s stock worth $359,000 after acquiring an additional 115 shares during the period. Finally, Stratos Wealth Partners LTD. raised its position in shares of Boeing by 12.3% in the third quarter. Stratos Wealth Partners LTD. now owns 31,518 shares of the aircraft producer’s stock worth $6,042,000 after acquiring an additional 3,459 shares during the period. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Wells Fargo & Company cut their target price on shares of Boeing from $225.00 to $215.00 and set an “equal weight” rating for the company in a research note on Thursday, February 1st. StockNews.com cut shares of Boeing from a “hold” rating to a “sell” rating in a research note on Friday, April 26th. Stifel Nicolaus cut their target price on shares of Boeing from $270.00 to $260.00 and set a “buy” rating for the company in a research note on Wednesday, April 10th. Barclays dropped their price objective on shares of Boeing from $235.00 to $190.00 and set an “equal weight” rating for the company in a research note on Monday, April 22nd. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Boeing from $230.00 to $210.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. Two research 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.com, the stock currently has an average rating of “Hold” and a consensus price target of $222.41.

Boeing Price Performance

Shares of BA stock traded up $6.28 during trading hours on Thursday, hitting $177.74. The company had a trading volume of 6,712,172 shares, compared to its average volume of 9,638,512. The company’s fifty day moving average is $184.61 and its 200 day moving average is $206.14. The Boeing Company has a fifty-two week low of $159.70 and a fifty-two week high of $267.54. The stock has a market capitalization of $109.11 billion, a PE ratio of -49.31 and a beta of 1.54.

Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, January 31st. The aircraft producer reported ($0.47) EPS for the quarter, topping the consensus estimate of ($0.72) by $0.25. The company had revenue of $22.02 billion during the quarter, compared to analyst estimates of $21.14 billion. During the same quarter in the prior year, the company posted ($1.75) earnings per share. The business’s revenue was up 10.2% compared to the same quarter last year. Equities analysts forecast that The Boeing Company will post -0.18 earnings per share 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.