Levin Capital Strategies L.P. Buys 1,304 Shares of The Boeing Company (NYSE:BA)

Levin Capital Strategies L.P. lifted its stake in shares of The Boeing Company (NYSE:BA) by 9.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,327 shares of the aircraft producer’s stock after acquiring an additional 1,304 shares during the quarter. Levin Capital Strategies L.P.’s holdings in Boeing were worth $2,713,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Heritage Wealth Management Inc. grew its stake in shares of Boeing by 127.4% during the 4th quarter. Heritage Wealth Management Inc. now owns 5,592 shares of the aircraft producer’s stock valued at $990,000 after acquiring an additional 3,133 shares during the period. Anfield Capital Management LLC grew its stake in shares of Boeing by 113.1% during the 4th quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer’s stock valued at $32,000 after acquiring an additional 95 shares during the period. Metis Global Partners LLC grew its stake in shares of Boeing by 32.9% during the 4th quarter. Metis Global Partners LLC now owns 24,854 shares of the aircraft producer’s stock valued at $4,399,000 after acquiring an additional 6,153 shares during the period. US Bancorp DE grew its stake in shares of Boeing by 6.0% during the 4th quarter. US Bancorp DE now owns 246,545 shares of the aircraft producer’s stock valued at $43,638,000 after acquiring an additional 13,896 shares during the period. Finally, Fisher Asset Management LLC grew its stake in shares of Boeing by 3.4% during the 4th quarter. Fisher Asset Management LLC now owns 5,030,899 shares of the aircraft producer’s stock valued at $890,469,000 after acquiring an additional 164,042 shares during the period. 64.82% of the stock is currently owned by institutional investors.

Boeing Stock Performance

NYSE:BA opened at $174.84 on Friday. The stock’s fifty day moving average is $176.87 and its 200 day moving average is $164.71. The Boeing Company has a fifty-two week low of $137.03 and a fifty-two week high of $206.62. The firm has a market capitalization of $131.14 billion, a PE ratio of -9.54 and a beta of 1.52.

Boeing (NYSE:BA) last released its quarterly 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 in the prior year, the firm posted ($0.47) earnings per share. Equities analysts forecast that The Boeing Company will post -2.58 EPS for the current year.

Insider Activity at Boeing

In related news, EVP Uma M. Amuluru sold 3,159 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $180.69, for a total transaction of $570,799.71. Following the sale, the executive vice president now owns 19,213 shares in the company, valued at approximately $3,471,596.97. This represents a 14.12 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.16% of the stock is currently owned by insiders.

Analyst Ratings Changes

BA has been the subject of several recent analyst reports. JPMorgan Chase & Co. upped their price target on Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. Citigroup upped their price target on Boeing from $207.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. Royal Bank of Canada restated an “outperform” rating and issued a $200.00 price target on shares of Boeing in a research note on Wednesday, January 29th. Barclays upgraded Boeing from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $190.00 to $210.00 in a research note on Monday, January 6th. Finally, Wells Fargo & Company upped their price target on Boeing from $85.00 to $103.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Boeing has an average rating of “Moderate Buy” and a consensus target price of $195.16.

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.