Sage Mountain Advisors LLC Decreases Holdings in The Boeing Company (NYSE:BA)

Sage Mountain Advisors LLC decreased its holdings in The Boeing Company (NYSE:BA) by 8.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,333 shares of the aircraft producer’s stock after selling 127 shares during the period. Sage Mountain Advisors LLC’s holdings in Boeing were worth $347,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Jennison Associates LLC purchased a new position in shares of Boeing in the fourth quarter worth about $960,397,000. Lazard Asset Management LLC raised its stake in shares of Boeing by 8,961.2% during the third quarter. Lazard Asset Management LLC now owns 1,161,461 shares of the aircraft producer’s stock valued at $222,628,000 after acquiring an additional 1,148,643 shares during the last quarter. Barclays PLC boosted its holdings in shares of Boeing by 54.5% during the third quarter. Barclays PLC now owns 2,351,731 shares of the aircraft producer’s stock worth $450,783,000 after purchasing an additional 829,321 shares during the period. Invesco Ltd. boosted its holdings in shares of Boeing by 30.1% during the third quarter. Invesco Ltd. now owns 3,279,421 shares of the aircraft producer’s stock worth $628,599,000 after purchasing an additional 759,267 shares during the period. Finally, Cerity Partners LLC grew its stake in shares of Boeing by 726.7% in the fourth quarter. Cerity Partners LLC now owns 624,906 shares of the aircraft producer’s stock worth $162,888,000 after purchasing an additional 549,318 shares during the last quarter. Institutional investors own 64.82% of the company’s stock.

Boeing Trading Up 0.4 %

Shares of NYSE BA opened at $170.53 on Tuesday. The firm’s 50 day moving average price is $189.51 and its 200-day moving average price is $207.32. The Boeing Company has a 52-week low of $167.53 and a 52-week high of $267.54.

Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.72) by $0.25. The business had revenue of $22.02 billion during the quarter, compared to the consensus estimate of $21.14 billion. During the same period last year, the company posted ($1.75) earnings per share. The business’s revenue was up 10.2% compared to the same quarter last year. As a group, research analysts expect that The Boeing Company will post 0.32 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Citigroup decreased their target price on Boeing from $263.00 to $252.00 and set a “buy” rating for the company in a report on Thursday, March 28th. 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. Wells Fargo & Company dropped 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 report on Thursday, February 1st. Susquehanna reduced their price target on shares of Boeing from $265.00 to $230.00 and set a “positive” rating on the stock in a research report on Thursday, March 21st. Finally, Melius Research restated a “hold” rating on shares of Boeing in a report on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $226.71.

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.