Stevens Capital Management LP Sells 4,419 Shares of The Boeing Company (NYSE:BA)

Stevens Capital Management LP reduced its position in The Boeing Company (NYSE:BA - Free Report) by 47.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,918 shares of the aircraft producer's stock after selling 4,419 shares during the quarter. Stevens Capital Management LP's holdings in Boeing were worth $870,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Sierra Ocean LLC bought a new position in Boeing in the 4th quarter worth approximately $26,000. Sugar Maple Asset Management LLC purchased a new stake in shares of Boeing during the fourth quarter worth $27,000. RPg Family Wealth Advisory LLC bought a new position in shares of Boeing in the third quarter worth $28,000. Fiduciary Advisors Inc. purchased a new position in shares of Boeing in the fourth quarter valued at $28,000. Finally, HighMark Wealth Management LLC raised its stake in shares of Boeing by 121.6% during the 4th quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer's stock valued at $29,000 after purchasing an additional 90 shares during the period. 64.82% of the stock is currently owned by institutional investors.

Boeing Stock Performance

Shares of BA stock traded up $0.63 on Thursday, hitting $179.18. 4,763,835 shares of the company's stock traded hands, compared to its average volume of 8,619,522. The stock has a market capitalization of $134.40 billion, a price-to-earnings ratio of -9.78 and a beta of 1.53. The company's fifty day simple moving average is $173.95 and its 200 day simple moving average is $164.10. The Boeing Company has a one year low of $137.03 and a one year high of $196.95.

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Boeing (NYSE:BA - Get Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($1.60) by ($4.30). During the same quarter in the previous year, the company earned ($0.47) earnings per share. As a group, sell-side analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Analysts Set New Price Targets

BA has been the subject of several analyst reports. Barclays upgraded Boeing from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $190.00 to $210.00 in a research note on Monday, January 6th. JPMorgan Chase & Co. raised their price objective on shares of Boeing from $190.00 to $200.00 and gave the company an "overweight" rating in a research report on Wednesday, January 29th. Citigroup upped their target price on shares of Boeing from $207.00 to $210.00 and gave the stock a "buy" rating in a report on Monday, February 10th. 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 report on Wednesday, January 29th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Boeing from $184.00 to $215.00 and gave the stock a "buy" rating in a report on Thursday, January 2nd. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $195.68.

Insiders Place Their Bets

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the firm's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $180.69, for a total value of $570,799.71. Following the sale, the executive vice president now owns 19,213 shares of the company's stock, valued at $3,471,596.97. This trade represents a 14.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.09% of the company's stock.

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.