Capital Management Associates NY Has $1.13 Million Position in The Boeing Company (NYSE:BA)

Capital Management Associates NY reduced its position in shares of The Boeing Company (NYSE:BA) by 11.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,375 shares of the aircraft producer’s stock after selling 840 shares during the quarter. Capital Management Associates NY’s holdings in Boeing were worth $1,128,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Assetmark Inc. grew its holdings in shares of Boeing by 65.2% during the 3rd quarter. Assetmark Inc. now owns 1,057 shares of the aircraft producer’s stock valued at $161,000 after acquiring an additional 417 shares in the last quarter. Aptus Capital Advisors LLC grew its holdings in shares of Boeing by 10.7% during the 3rd quarter. Aptus Capital Advisors LLC now owns 8,146 shares of the aircraft producer’s stock valued at $1,239,000 after acquiring an additional 787 shares in the last quarter. Haverford Trust Co grew its holdings in shares of Boeing by 10.5% during the 3rd quarter. Haverford Trust Co now owns 3,140 shares of the aircraft producer’s stock valued at $477,000 after acquiring an additional 298 shares in the last quarter. Oppenheimer Asset Management Inc. grew its holdings in shares of Boeing by 98.4% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 49,662 shares of the aircraft producer’s stock valued at $7,551,000 after acquiring an additional 24,625 shares in the last quarter. Finally, KBC Group NV grew its holdings in shares of Boeing by 5.1% during the 3rd quarter. KBC Group NV now owns 45,583 shares of the aircraft producer’s stock valued at $6,930,000 after acquiring an additional 2,201 shares in the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Uma M. Amuluru sold 3,159 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $180.69, for a total value of $570,799.71. Following the completion of the transaction, the executive vice president now owns 19,213 shares of the company’s stock, valued at $3,471,596.97. This represents a 14.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.16% of the stock is owned by company insiders.

Boeing Stock Performance

Shares of BA opened at $162.00 on Friday. The company has a 50-day simple moving average of $173.23 and a 200-day simple moving average of $163.68. The firm has a market capitalization of $121.51 billion, a P/E ratio of -8.84 and a beta of 1.53. The Boeing Company has a 52 week low of $137.03 and a 52 week high of $196.95.

Boeing (NYSE:BA) last announced its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same quarter last year, the business earned ($0.47) EPS. As a group, equities analysts forecast that The Boeing Company will post -2.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on BA shares. JPMorgan Chase & Co. boosted their price target on shares of Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, January 2nd. StockNews.com upgraded shares of Boeing to a “sell” rating in a report on Wednesday. UBS Group upped their price objective on shares of Boeing from $208.00 to $217.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Finally, Northcoast Research upgraded shares of Boeing from a “sell” rating to a “neutral” rating in a report on Thursday, December 12th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Boeing presently has a consensus rating of “Moderate Buy” and an average target price of $195.16.

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.