Catalyst Capital Advisors LLC Lowers Holdings in The Boeing Company (NYSE:BA)

Catalyst Capital Advisors LLC lowered its holdings in The Boeing Company (NYSE:BA) by 77.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 726 shares of the aircraft producer’s stock after selling 2,565 shares during the quarter. Catalyst Capital Advisors LLC’s holdings in Boeing were worth $129,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. State Street Corp raised its stake in shares of Boeing by 2.3% during the 3rd quarter. State Street Corp now owns 27,778,195 shares of the aircraft producer’s stock worth $4,223,397,000 after buying an additional 636,594 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Boeing by 2.8% during the 3rd quarter. Geode Capital Management LLC now owns 11,719,794 shares of the aircraft producer’s stock worth $1,774,705,000 after buying an additional 320,415 shares during the last quarter. Jennison Associates LLC raised its stake in shares of Boeing by 9.9% during the 3rd quarter. Jennison Associates LLC now owns 6,700,706 shares of the aircraft producer’s stock worth $1,018,775,000 after buying an additional 602,143 shares during the last quarter. Fisher Asset Management LLC raised its stake in shares of Boeing by 6.0% during the 3rd quarter. Fisher Asset Management LLC now owns 4,866,857 shares of the aircraft producer’s stock worth $739,957,000 after buying an additional 277,350 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Boeing by 1.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,196,648 shares of the aircraft producer’s stock worth $486,018,000 after buying an additional 48,637 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Northcoast Research raised shares of Boeing from a “sell” rating to a “neutral” rating in a research note on Thursday, December 12th. Citigroup boosted their target price on shares of Boeing from $207.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, February 10th. Sanford C. Bernstein downgraded shares of Boeing from an “outperform” rating to a “market perform” rating and cut their target price for the company from $195.00 to $169.00 in a research note on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, January 2nd. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 target price on shares of Boeing in a research note on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Boeing has a consensus rating of “Moderate Buy” and a consensus target price of $195.16.

Boeing Stock Performance

NYSE:BA opened at $184.73 on Wednesday. The Boeing Company has a 1 year low of $137.03 and a 1 year high of $208.10. The stock has a market cap of $138.56 billion, a price-to-earnings ratio of -10.08 and a beta of 1.52. The business has a fifty day moving average of $175.51 and a 200-day moving average of $163.94.

Boeing (NYSE:BA) last announced its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same quarter last year, the company earned ($0.47) earnings per share. On average, equities research analysts predict that The Boeing Company will post -2.3 EPS for the current year.

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.