Sapient Capital LLC Buys New Shares in The Boeing Company (NYSE:BA)

Sapient Capital LLC purchased a new position in The Boeing Company (NYSE:BA) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 148,206 shares of the aircraft producer’s stock, valued at approximately $38,631,000. Boeing accounts for 1.0% of Sapient Capital LLC’s holdings, making the stock its 24th largest holding.

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

Boeing Stock Up 0.5 %

Shares of NYSE:BA traded up $0.94 during midday trading on Friday, hitting $179.79. 5,416,263 shares of the stock traded hands, compared to its average volume of 8,228,397. The business’s 50 day moving average is $183.74 and its two-hundred day moving average is $205.91. The stock has a market capitalization of $110.37 billion, a PE ratio of -50.64 and a beta of 1.54. The Boeing Company has a one year low of $159.70 and a one year high of $267.54.

Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) EPS for the quarter, beating analysts’ consensus estimates of ($0.72) by $0.25. The business had revenue of $22.02 billion for the quarter, compared to the consensus estimate of $21.14 billion. The company’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same period in the previous year, the company earned ($1.75) EPS. As a group, sell-side analysts forecast that The Boeing Company will post -0.18 earnings per share for the current year.

Wall Street Analyst Weigh In

BA has been the subject of a number of recent analyst reports. The Goldman Sachs Group reduced their price target on shares of Boeing from $268.00 to $257.00 and set a “buy” rating for the company in a research report on Monday, March 25th. Stifel Nicolaus decreased their price objective on shares of Boeing from $270.00 to $260.00 and set a “buy” rating on the stock in a research report on Wednesday, April 10th. Barclays dropped their target price on shares of Boeing from $235.00 to $190.00 and set an “equal weight” rating for the company in a research report on Monday, April 22nd. Morgan Stanley dropped their price objective on shares of Boeing from $235.00 to $180.00 and set an “equal weight” rating for the company in a report on Wednesday, April 10th. Finally, UBS Group cut their price objective on Boeing from $275.00 to $250.00 and set a “buy” rating for the company in a report on Thursday, March 21st. Two analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, Boeing has an average rating of “Hold” and an average target price of $222.41.

Boeing Profile

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.