Machina Capital S.A.S. Cuts Stake in The Boeing Company (NYSE:BA)

Machina Capital S.A.S. decreased its position in The Boeing Company (NYSE:BA) by 45.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,138 shares of the aircraft producer’s stock after selling 2,659 shares during the period. Machina Capital S.A.S.’s holdings in Boeing were worth $818,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. CNB Bank lifted its stake in shares of Boeing by 106.5% in the third quarter. CNB Bank now owns 128 shares of the aircraft producer’s stock valued at $25,000 after purchasing an additional 66 shares during the period. Evolution Advisers Inc. acquired a new position in Boeing in the 4th quarter valued at $28,000. DiNuzzo Private Wealth Inc. purchased a new position in shares of Boeing during the 4th quarter worth $28,000. Naples Money Management LLC acquired a new stake in shares of Boeing during the fourth quarter worth $44,000. Finally, Blue Bell Private Wealth Management LLC increased its stake in Boeing by 66.2% in the third quarter. Blue Bell Private Wealth Management LLC now owns 236 shares of the aircraft producer’s stock valued at $45,000 after purchasing an additional 94 shares during the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on the company. Deutsche Bank Aktiengesellschaft lowered their price target on Boeing from $240.00 to $225.00 and set a “buy” rating for the company in a report on Thursday, April 25th. Wells Fargo & Company dropped their price target on shares of Boeing from $225.00 to $215.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 1st. Royal Bank of Canada reduced their price objective on shares of Boeing from $225.00 to $215.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 16th. The Goldman Sachs Group dropped their price target on Boeing from $268.00 to $257.00 and set a “buy” rating on the stock in a research report on Monday, March 25th. Finally, Morgan Stanley reduced their price objective on Boeing from $235.00 to $180.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 10th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, Boeing presently has a consensus rating of “Hold” and an average target price of $222.41.

Boeing Trading Down 0.9 %

Shares of BA stock traded down $1.64 during trading hours on Tuesday, reaching $176.71. The company’s stock had a trading volume of 5,087,212 shares, compared to its average volume of 9,605,507. The firm’s fifty day simple moving average is $183.29 and its 200 day simple moving average is $206.17. The Boeing Company has a one year low of $159.70 and a one year high of $267.54. The stock has a market capitalization of $108.48 billion, a P/E ratio of -49.95 and a beta of 1.54.

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.