Sapient Capital LLC Sells 144,967 Shares of The Boeing Company (NYSE:BA)

Sapient Capital LLC cut its position in shares of The Boeing Company (NYSE:BA) by 97.8% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,239 shares of the aircraft producer’s stock after selling 144,967 shares during the quarter. Sapient Capital LLC’s holdings in Boeing were worth $625,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Strategic Blueprint LLC boosted its position in shares of Boeing by 8.7% during the fourth quarter. Strategic Blueprint LLC now owns 3,295 shares of the aircraft producer’s stock valued at $859,000 after purchasing an additional 264 shares in the last quarter. Orca Investment Management LLC boosted its holdings in Boeing by 5.5% in the fourth quarter. Orca Investment Management LLC now owns 3,772 shares of the aircraft producer’s stock worth $983,000 after acquiring an additional 195 shares in the last quarter. Morse Asset Management Inc boosted its holdings in Boeing by 65.0% in the third quarter. Morse Asset Management Inc now owns 7,999 shares of the aircraft producer’s stock worth $1,533,000 after acquiring an additional 3,152 shares in the last quarter. Peregrine Asset Advisers Inc. boosted its holdings in Boeing by 1,335.3% in the third quarter. Peregrine Asset Advisers Inc. now owns 36,443 shares of the aircraft producer’s stock worth $6,985,000 after acquiring an additional 33,904 shares in the last quarter. Finally, California Public Employees Retirement System boosted its holdings in Boeing by 2.0% in the third quarter. California Public Employees Retirement System now owns 1,037,044 shares of the aircraft producer’s stock worth $198,781,000 after acquiring an additional 19,847 shares in the last quarter. 64.82% of the stock is currently owned by institutional investors.

Boeing Price Performance

Boeing stock traded down $5.65 during mid-day trading on Tuesday, reaching $167.84. 8,171,877 shares of the stock traded hands, compared to its average volume of 9,716,028. The stock has a market capitalization of $103.03 billion, a PE ratio of -47.28 and a beta of 1.52. The Boeing Company has a 12-month low of $159.70 and a 12-month high of $267.54. The business’s 50-day moving average is $185.21 and its 200-day moving average is $206.38.

Boeing (NYSE:BA) last posted its quarterly earnings data 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 firm had revenue of $22.02 billion for the quarter, compared to analysts’ expectations of $21.14 billion. The firm’s revenue was up 10.2% compared to the same quarter last year. During the same quarter last year, the company posted ($1.75) EPS. Equities analysts anticipate that The Boeing Company will post -0.3 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on BA shares. Citigroup dropped their target price on Boeing from $252.00 to $224.00 and set a “buy” rating on the stock in a report on Thursday, April 25th. Deutsche Bank Aktiengesellschaft dropped their target price on Boeing from $240.00 to $225.00 and set a “buy” rating on the stock in a report on Thursday, April 25th. Benchmark restated a “buy” rating and issued a $250.00 price target on shares of Boeing in a research note on Tuesday, March 26th. Edward Jones cut Boeing from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Finally, The Goldman Sachs Group decreased their price target on Boeing from $268.00 to $257.00 and set a “buy” rating for the company in a research note on Monday, March 25th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $222.41.

Boeing Company 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.