Capital International Ltd. CA Decreases Stake in The Boeing Company (NYSE:BA)

Capital International Ltd. CA cut its stake in shares of The Boeing Company (NYSE:BA) by 43.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,546 shares of the aircraft producer’s stock after selling 10,437 shares during the quarter. Capital International Ltd. CA’s holdings in Boeing were worth $2,614,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Vermillion & White Wealth Management Group LLC purchased a new stake in shares of Boeing in the 4th quarter valued at $26,000. Evolution Advisers Inc. purchased a new stake in Boeing in the fourth quarter valued at $28,000. DiNuzzo Private Wealth Inc. acquired a new stake in Boeing during the 4th quarter worth about $28,000. Vima LLC purchased a new position in shares of Boeing during the 4th quarter valued at about $34,000. Finally, McClarren Financial Advisors Inc. lifted its holdings in shares of Boeing by 451.4% in the 1st quarter. McClarren Financial Advisors Inc. now owns 193 shares of the aircraft producer’s stock valued at $37,000 after buying an additional 158 shares during the period. 64.82% of the stock is owned by institutional investors and hedge funds.

Boeing Stock Performance

Shares of NYSE BA traded up $2.54 during mid-day trading on Friday, reaching $186.89. 6,269,892 shares of the company’s stock were exchanged, compared to its average volume of 8,159,386. The firm has a market capitalization of $114.73 billion, a price-to-earnings ratio of -52.64 and a beta of 1.56. The Boeing Company has a 52-week low of $159.70 and a 52-week high of $267.54. The company’s 50-day moving average is $181.74 and its 200-day moving average is $188.76.

Boeing (NYSE:BA) last announced its earnings results on Wednesday, April 24th. The aircraft producer reported ($1.13) earnings per share for the quarter, topping the consensus estimate of ($1.43) by $0.30. The company had revenue of $16.57 billion for the quarter, compared to analysts’ expectations of $17.69 billion. As a group, equities analysts predict that The Boeing Company will post -2.27 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $225.00 target price on shares of Boeing in a report on Tuesday, June 25th. Susquehanna reaffirmed a “positive” rating and set a $230.00 target price on shares of Boeing in a report on Wednesday, May 15th. JPMorgan Chase & Co. lowered their price target on shares of Boeing from $230.00 to $210.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. Melius Research reaffirmed a “hold” rating on shares of Boeing in a report on Monday, April 1st. Finally, Barclays cut their price objective on Boeing from $235.00 to $190.00 and set an “equal weight” rating for the company in a research report on Monday, April 22nd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $220.89.

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.