Capital International Investors lessened its position in shares of Boeing Co (NYSE:BA) by 11.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,965,633 shares of the aircraft producer’s stock after selling 1,281,646 shares during the period. Boeing makes up about 1.1% of Capital International Investors’ holdings, making the stock its 23rd biggest position. Capital International Investors’ holdings in Boeing were worth $3,246,405,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of BA. Wealth Quarterback LLC bought a new position in shares of Boeing in the 4th quarter worth $9,702,310,000. Newport Trust Co boosted its stake in shares of Boeing by 0.7% in the 4th quarter. Newport Trust Co now owns 30,713,384 shares of the aircraft producer’s stock valued at $10,005,192,000 after purchasing an additional 222,115 shares in the last quarter. Capital World Investors boosted its stake in shares of Boeing by 16.7% in the 4th quarter. Capital World Investors now owns 26,557,559 shares of the aircraft producer’s stock valued at $8,651,391,000 after purchasing an additional 3,799,008 shares in the last quarter. State Street Corp boosted its stake in shares of Boeing by 0.7% in the 4th quarter. State Street Corp now owns 26,302,874 shares of the aircraft producer’s stock valued at $8,568,424,000 after purchasing an additional 181,667 shares in the last quarter. Finally, Capital Research Global Investors boosted its stake in shares of Boeing by 190.2% in the 4th quarter. Capital Research Global Investors now owns 4,118,742 shares of the aircraft producer’s stock valued at $1,341,721,000 after purchasing an additional 2,699,641 shares in the last quarter. 67.74% of the stock is currently owned by institutional investors and hedge funds.

BA traded up $20.49 during trading on Thursday, hitting $179.22. 39,603,242 shares of the stock traded hands, compared to its average volume of 25,358,896. The firm has a market capitalization of $71.90 billion, a P/E ratio of -149.35, a price-to-earnings-growth ratio of 35.08 and a beta of 1.34. The firm has a 50-day moving average of $259.41 and a 200 day moving average of $328.25. Boeing Co has a 12-month low of $89.00 and a 12-month high of $398.66.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, January 29th. The aircraft producer reported ($2.33) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.47 by ($3.80). The firm had revenue of $17.91 billion for the quarter, compared to analysts’ expectations of $21.76 billion. Boeing had a negative net margin of 0.83% and a negative return on equity of 70.76%. The company’s quarterly revenue was down 36.8% on a year-over-year basis. During the same period in the previous year, the company earned $5.48 EPS. As a group, equities research analysts expect that Boeing Co will post 0.91 EPS for the current fiscal year.

A number of equities research analysts have recently issued reports on the stock. Credit Suisse Group upped their price objective on shares of Boeing from $321.00 to $367.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. Vertical Research cut shares of Boeing from a “buy” rating to a “hold” rating and cut their price objective for the company from $388.00 to $294.00 in a research note on Wednesday, January 22nd. Barclays reaffirmed a “neutral” rating and issued a $325.00 price objective on shares of Boeing in a research note on Tuesday, February 11th. Cowen cut their price objective on shares of Boeing from to in a research note on Thursday, March 19th. Finally, Benchmark assumed coverage on shares of Boeing in a research note on Friday, February 7th. They issued a “buy” rating and a $375.00 price objective for the company. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $298.17.

Boeing 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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