Stevens Capital Management LP Sells 19,632 Shares of The Boeing Company $BA

Stevens Capital Management LP lessened its holdings in The Boeing Company (NYSE:BA) by 50.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,343 shares of the aircraft producer’s stock after selling 19,632 shares during the period. Boeing comprises 1.1% of Stevens Capital Management LP’s investment portfolio, making the stock its 22nd biggest holding. Stevens Capital Management LP’s holdings in Boeing were worth $4,053,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in shares of Boeing by 1.7% in the second quarter. Vanguard Group Inc. now owns 66,773,360 shares of the aircraft producer’s stock valued at $13,991,022,000 after purchasing an additional 1,118,316 shares in the last quarter. Geode Capital Management LLC grew its holdings in Boeing by 2.7% during the second quarter. Geode Capital Management LLC now owns 16,316,838 shares of the aircraft producer’s stock worth $3,402,073,000 after buying an additional 432,026 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Boeing by 0.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,198,059 shares of the aircraft producer’s stock valued at $715,979,000 after buying an additional 19,615 shares during the last quarter. Legal & General Group Plc lifted its stake in Boeing by 6.3% during the 2nd quarter. Legal & General Group Plc now owns 3,145,620 shares of the aircraft producer’s stock valued at $659,102,000 after acquiring an additional 187,545 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Boeing by 3.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,933,139 shares of the aircraft producer’s stock worth $500,247,000 after acquiring an additional 91,707 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Stock Performance

BA stock opened at $179.58 on Friday. The stock has a fifty day moving average of $208.90 and a 200-day moving average of $214.49. The Boeing Company has a fifty-two week low of $128.88 and a fifty-two week high of $242.69. The company has a market capitalization of $136.50 billion, a price-to-earnings ratio of -13.13 and a beta of 1.44.

Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, October 29th. The aircraft producer reported ($7.47) EPS for the quarter, missing the consensus estimate of ($0.51) by ($6.96). The business had revenue of $23.27 billion for the quarter, compared to analyst estimates of $21.61 billion. The firm’s revenue was up 30.4% on a year-over-year basis. During the same quarter in the previous year, the business posted ($10.44) earnings per share. Equities analysts predict 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 1,366 shares of the firm’s stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $197.66, for a total value of $270,003.56. Following the completion of the transaction, the executive vice president directly owned 14,656 shares of the company’s stock, valued at approximately $2,896,904.96. This trade represents a 8.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.09% of the company’s stock.

Wall Street Analyst Weigh In

BA has been the subject of several analyst reports. Zacks Research lowered shares of Boeing from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 29th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Boeing in a report on Wednesday, October 8th. Sanford C. Bernstein reiterated an “outperform” rating and set a $267.00 price target on shares of Boeing in a report on Friday, November 14th. Citigroup reissued a “buy” rating on shares of Boeing in a research report on Monday, July 28th. Finally, Vertical Research raised Boeing from a “hold” rating to a “buy” rating and raised their target price for the company from $242.00 to $270.00 in a research report on Monday, September 8th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have issued a Hold rating and six have given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $232.09.

Boeing Company 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.