The Boeing Company (NYSE:BA) Position Lowered by Sepio Capital LP

Sepio Capital LP lowered its position in shares of The Boeing Company (NYSE:BA) by 15.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,279 shares of the aircraft producer’s stock after selling 5,366 shares during the quarter. Boeing comprises 0.7% of Sepio Capital LP’s portfolio, making the stock its 29th largest position. Sepio Capital LP’s holdings in Boeing were worth $7,893,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Jennison Associates LLC acquired a new stake in Boeing in the 4th quarter valued at approximately $960,397,000. Boston Partners raised its position in shares of Boeing by 861.6% during the 4th quarter. Boston Partners now owns 1,804,853 shares of the aircraft producer’s stock worth $467,338,000 after buying an additional 1,617,151 shares in the last quarter. Lazard Asset Management LLC lifted its stake in shares of Boeing by 8,961.2% in the 3rd quarter. Lazard Asset Management LLC now owns 1,161,461 shares of the aircraft producer’s stock worth $222,628,000 after acquiring an additional 1,148,643 shares during the period. Barclays PLC boosted its holdings in shares of Boeing by 54.5% in the third quarter. Barclays PLC now owns 2,351,731 shares of the aircraft producer’s stock valued at $450,783,000 after acquiring an additional 829,321 shares in the last quarter. Finally, Invesco Ltd. increased its stake in shares of Boeing by 30.1% during the third quarter. Invesco Ltd. now owns 3,279,421 shares of the aircraft producer’s stock valued at $628,599,000 after acquiring an additional 759,267 shares during the period. Institutional investors own 64.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on BA shares. Sanford C. Bernstein cut their target price on Boeing from $272.00 to $240.00 and set an “outperform” rating on the stock in a research report on Monday, April 8th. UBS Group decreased their price target on shares of Boeing from $275.00 to $250.00 and set a “buy” rating for the company in a report on Thursday, March 21st. Melius reiterated a “hold” rating on shares of Boeing in a research note on Monday, April 1st. Susquehanna reissued a “positive” rating and set a $230.00 target price on shares of Boeing in a research note on Wednesday, May 15th. Finally, The Goldman Sachs Group reduced their price target on Boeing from $268.00 to $257.00 and set a “buy” rating for the company in a report on Monday, March 25th. Two investment 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. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $221.24.

Boeing Price Performance

BA stock traded up $2.36 during midday trading on Friday, reaching $174.57. The company had a trading volume of 9,485,873 shares, compared to its average volume of 9,170,795. The stock has a 50 day moving average price of $179.17 and a 200-day moving average price of $205.56. The company has a market capitalization of $107.17 billion, a price-to-earnings ratio of -48.32 and a beta of 1.54. The Boeing Company has a 1-year low of $159.70 and a 1-year high of $267.54.

Boeing (NYSE:BA) last posted its earnings results on Wednesday, April 24th. The aircraft producer reported ($1.13) EPS for the quarter, beating the consensus estimate of ($1.43) by $0.30. The firm had revenue of $16.57 billion during the quarter, compared to the consensus estimate of $17.69 billion. As a group, research analysts anticipate that The Boeing Company will post -0.6 earnings per share for the current year.

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.