Mutual of America Capital Management LLC Has $19.60 Million Stock Position in The Boeing Company (NYSE:BA)

Mutual of America Capital Management LLC reduced its position in shares of The Boeing Company (NYSE:BA) by 4.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 75,209 shares of the aircraft producer’s stock after selling 3,251 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Boeing were worth $19,604,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Capital Square LLC raised its stake in Boeing by 9.4% during the 4th quarter. Capital Square LLC now owns 2,318 shares of the aircraft producer’s stock worth $604,000 after buying an additional 200 shares during the period. Harbor Investment Advisory LLC raised its stake in Boeing by 14.1% during the 4th quarter. Harbor Investment Advisory LLC now owns 8,341 shares of the aircraft producer’s stock worth $2,174,000 after buying an additional 1,033 shares during the period. Aaron Wealth Advisors LLC raised its stake in Boeing by 16.7% during the 4th quarter. Aaron Wealth Advisors LLC now owns 1,227 shares of the aircraft producer’s stock worth $320,000 after buying an additional 176 shares during the period. Aspiriant LLC raised its stake in Boeing by 6.8% during the 4th quarter. Aspiriant LLC now owns 1,594 shares of the aircraft producer’s stock worth $416,000 after buying an additional 101 shares during the period. Finally, Advisors Management Group Inc. ADV acquired a new position in Boeing during the 4th quarter worth approximately $351,000. 64.82% of the stock is owned by institutional investors and hedge funds.

Boeing Stock Down 0.7 %

Boeing stock opened at $173.36 on Friday. The Boeing Company has a one year low of $171.38 and a one year high of $267.54. The business has a fifty day moving average price of $195.03 and a 200-day moving average price of $208.14.

Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.72) by $0.25. The business had revenue of $22.02 billion during the quarter, compared to analysts’ expectations of $21.14 billion. During the same quarter last year, the business posted ($1.75) EPS. The company’s quarterly revenue was up 10.2% on a year-over-year basis. On average, research analysts predict that The Boeing Company will post 0.75 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently commented on the company. The Goldman Sachs Group lowered their price objective on Boeing from $268.00 to $257.00 and set a “buy” rating for the company in a research note on Monday, March 25th. Stifel Nicolaus lowered their price objective on Boeing from $270.00 to $260.00 and set a “buy” rating for the company in a research note on Wednesday. Melius reissued a “hold” rating on shares of Boeing in a research note on Monday, April 1st. Citigroup lowered their price objective on Boeing from $263.00 to $252.00 and set a “buy” rating for the company in a research note on Thursday, March 28th. Finally, Sanford C. Bernstein lowered their price objective on Boeing from $272.00 to $240.00 and set an “outperform” rating for the company in a research note on Monday. Nine equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, Boeing presently has an average rating of “Moderate Buy” and an average price target of $237.71.

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.