Fidelis Capital Partners LLC Sells 1,137 Shares of The Boeing Company (NYSE:BA)

Fidelis Capital Partners LLC trimmed its stake in The Boeing Company (NYSE:BA) by 37.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,917 shares of the aircraft producer’s stock after selling 1,137 shares during the period. Fidelis Capital Partners LLC’s holdings in Boeing were worth $349,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of BA. Capital Research Global Investors lifted its holdings in shares of Boeing by 35.5% during the 4th quarter. Capital Research Global Investors now owns 16,880,647 shares of the aircraft producer’s stock worth $4,400,109,000 after acquiring an additional 4,425,964 shares during the last quarter. Wellington Management Group LLP raised its position in Boeing by 563.9% during the fourth quarter. Wellington Management Group LLP now owns 3,439,093 shares of the aircraft producer’s stock valued at $896,434,000 after purchasing an additional 2,921,043 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Boeing by 23.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,823,006 shares of the aircraft producer’s stock worth $2,560,466,000 after purchasing an additional 1,884,850 shares during the last quarter. Global Assets Advisory LLC purchased a new position in shares of Boeing in the 1st quarter worth about $272,312,000. Finally, Vanguard Group Inc. increased its position in shares of Boeing by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 49,724,770 shares of the aircraft producer’s stock valued at $9,596,383,000 after purchasing an additional 1,222,816 shares during the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BA has been the topic of several research reports. Wells Fargo & Company reissued an “underweight” rating and set a $119.00 price target (down from $185.00) on shares of Boeing in a research note on Tuesday, September 3rd. Robert W. Baird decreased their target price on shares of Boeing from $300.00 to $240.00 and set an “outperform” rating on the stock in a research report on Monday, June 3rd. Sanford C. Bernstein cut their price target on shares of Boeing from $222.00 to $207.00 and set an “outperform” rating for the company in a research report on Monday, August 5th. Baird R W upgraded Boeing to a “strong-buy” rating in a report on Monday, June 3rd. Finally, Jefferies Financial Group dropped their target price on Boeing from $270.00 to $240.00 and set a “buy” rating for the company in a report on Monday. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, fourteen have assigned a buy rating and one has given 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 $212.89.

Boeing Stock Performance

BA stock opened at $156.30 on Tuesday. The Boeing Company has a fifty-two week low of $151.65 and a fifty-two week high of $267.54. The company has a market capitalization of $95.95 billion, a price-to-earnings ratio of -44.03 and a beta of 1.57. The business’s 50 day moving average price is $170.76 and its two-hundred day moving average price is $177.08.

Boeing (NYSE:BA) last announced its earnings results on Wednesday, July 31st. The aircraft producer reported ($2.90) EPS for the quarter, missing analysts’ consensus estimates of ($1.00) by ($1.90). The firm had revenue of $16.87 billion for the quarter, compared to analysts’ expectations of $17.35 billion. The company’s quarterly revenue was down 14.6% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.82) EPS. Sell-side analysts forecast that The Boeing Company will post -4.26 earnings per share for the current year.

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.