Levin Capital Strategies L.P. Sells 200 Shares of The Boeing Company (NYSE:BA)

Levin Capital Strategies L.P. reduced its position in The Boeing Company (NYSE:BA) by 10.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,725 shares of the aircraft producer’s stock after selling 200 shares during the period. Levin Capital Strategies L.P.’s holdings in Boeing were worth $450,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. CNB Bank boosted its stake in Boeing by 106.5% in the third quarter. CNB Bank now owns 128 shares of the aircraft producer’s stock worth $25,000 after buying an additional 66 shares in the last quarter. Evolution Advisers Inc. purchased a new stake in Boeing in the fourth quarter worth $28,000. DiNuzzo Private Wealth Inc. purchased a new position in Boeing during the fourth quarter valued at $28,000. Naples Money Management LLC purchased a new position in Boeing during the fourth quarter valued at $44,000. Finally, Blue Bell Private Wealth Management LLC lifted its position in Boeing by 66.2% during the third quarter. Blue Bell Private Wealth Management LLC now owns 236 shares of the aircraft producer’s stock valued at $45,000 after buying an additional 94 shares during the period. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on BA. JPMorgan Chase & Co. reduced their price objective on Boeing from $230.00 to $210.00 and set an “overweight” rating for the company in a report on Friday, April 12th. Sanford C. Bernstein lowered their price objective on Boeing from $272.00 to $240.00 and set an “outperform” rating on the stock in a research report on Monday, April 8th. TD Cowen lowered their price target on Boeing from $275.00 to $230.00 and set an “outperform” rating on the stock in a report on Monday, March 25th. StockNews.com downgraded Boeing from a “hold” rating to a “sell” rating in a research note on Friday, April 26th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on Boeing from $240.00 to $225.00 and set a “buy” rating on the stock in a research note on Thursday, April 25th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $222.41.

Boeing Stock Performance

Shares of NYSE BA traded up $0.95 during trading hours on Friday, hitting $179.80. 5,412,527 shares of the stock were exchanged, compared to its average volume of 9,631,278. The company has a market cap of $110.38 billion, a PE ratio of -50.65 and a beta of 1.54. The company’s fifty day simple moving average is $184.16 and its two-hundred day simple moving average is $205.95. The Boeing Company has a 1-year low of $159.70 and a 1-year high of $267.54.

Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, January 31st. The aircraft producer reported ($0.47) EPS for the quarter, beating the consensus estimate of ($0.72) by $0.25. The company had revenue of $22.02 billion during the quarter, compared to the consensus estimate of $21.14 billion. Boeing’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same period in the previous year, the company earned ($1.75) EPS. As a group, sell-side analysts expect that The Boeing Company will post -0.18 EPS for the current fiscal year.

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.