The Boeing Company (NYSE:BA) Shares Sold by Lewis Asset Management LLC

Lewis Asset Management LLC cut its stake in The Boeing Company (NYSE:BA - Free Report) by 36.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,403 shares of the aircraft producer's stock after selling 1,915 shares during the period. Lewis Asset Management LLC's holdings in Boeing were worth $602,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of BA. Quarry LP lifted its holdings in Boeing by 68.3% in the second quarter. Quarry LP now owns 611 shares of the aircraft producer's stock worth $111,000 after buying an additional 248 shares during the period. Regal Investment Advisors LLC lifted its holdings in shares of Boeing by 10.2% during the second quarter. Regal Investment Advisors LLC now owns 3,440 shares of the aircraft producer's stock valued at $626,000 after purchasing an additional 317 shares during the last quarter. Granite Bay Wealth Management LLC purchased a new position in shares of Boeing during the second quarter valued at approximately $561,000. Clearbridge Investments LLC lifted its holdings in shares of Boeing by 6,763.5% during the second quarter. Clearbridge Investments LLC now owns 287,237 shares of the aircraft producer's stock valued at $52,280,000 after purchasing an additional 283,052 shares during the last quarter. Finally, Strategic Investment Solutions Inc. IL purchased a new position in shares of Boeing during the second quarter valued at approximately $82,000. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Boeing Price Performance

Shares of Boeing stock traded up $5.81 during trading hours on Thursday, reaching $179.47. The company's stock had a trading volume of 6,967,023 shares, compared to its average volume of 8,898,981. The firm has a 50 day moving average price of $168.24 and a 200-day moving average price of $164.26. The Boeing Company has a one year low of $137.03 and a one year high of $214.63. The stock has a market cap of $110.95 billion, a P/E ratio of -13.91 and a beta of 1.52.

Boeing (NYSE:BA - Get Free Report) last posted its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing analysts' consensus estimates of ($1.60) by ($4.30). During the same period in the previous year, the company posted ($0.47) EPS. As a group, sell-side analysts forecast that The Boeing Company will post -16.39 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Barclays upgraded shares of Boeing from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $190.00 to $210.00 in a report on Monday, January 6th. Wells Fargo & Company raised their price target on shares of Boeing from $85.00 to $103.00 and gave the company an "underweight" rating in a research report on Wednesday. Northcoast Research raised shares of Boeing from a "sell" rating to a "neutral" rating in a research report on Thursday, December 12th. UBS Group raised their price target on shares of Boeing from $208.00 to $217.00 and gave the company a "buy" rating in a research report on Wednesday. Finally, Susquehanna raised their price target on shares of Boeing from $200.00 to $205.00 and gave the company a "positive" rating in a research report on Wednesday. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Boeing currently has an average rating of "Moderate Buy" and a consensus target price of $195.00.

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.