Leisure Capital Management Sells 80 Shares of The Boeing Company (NYSE:BA)

Leisure Capital Management reduced its position in The Boeing Company (NYSE:BA) by 7.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 933 shares of the aircraft producer’s stock after selling 80 shares during the quarter. Leisure Capital Management’s holdings in Boeing were worth $243,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Jennison Associates LLC bought a new position in shares of Boeing in the fourth quarter valued at $960,397,000. Lazard Asset Management LLC raised its holdings in shares of Boeing by 8,961.2% in the third quarter. Lazard Asset Management LLC now owns 1,161,461 shares of the aircraft producer’s stock valued at $222,628,000 after purchasing an additional 1,148,643 shares during the last quarter. Barclays PLC raised its holdings in shares of Boeing by 54.5% in the third quarter. Barclays PLC now owns 2,351,731 shares of the aircraft producer’s stock valued at $450,783,000 after purchasing an additional 829,321 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Boeing by 30.1% in the third quarter. Invesco Ltd. now owns 3,279,421 shares of the aircraft producer’s stock valued at $628,599,000 after purchasing an additional 759,267 shares during the last quarter. Finally, Cerity Partners LLC raised its holdings in shares of Boeing by 726.7% in the fourth quarter. Cerity Partners LLC now owns 624,906 shares of the aircraft producer’s stock valued at $162,888,000 after purchasing an additional 549,318 shares during the last quarter. 64.82% of the stock is owned by institutional investors.

Boeing Stock Performance

Shares of NYSE BA traded up $0.41 during mid-day trading on Friday, hitting $167.22. The stock had a trading volume of 7,208,103 shares, compared to its average volume of 7,379,195. The Boeing Company has a 1 year low of $159.70 and a 1 year high of $267.54. The business has a 50 day moving average price of $186.53 and a two-hundred day moving average price of $206.46. The firm has a market cap of $102.65 billion, a P/E ratio of -47.12, a price-to-earnings-growth ratio of 140.08 and a beta of 1.52.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) EPS for the quarter, topping the consensus estimate of ($0.72) by $0.25. The firm had revenue of $22.02 billion during the quarter, compared to analysts’ expectations of $21.14 billion. During the same period in the previous year, the firm earned ($1.75) earnings per share. The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. Equities research analysts predict that The Boeing Company will post 0.3 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently issued reports on BA. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Boeing from $240.00 to $225.00 and set a “buy” rating for the company in a report on Thursday. StockNews.com downgraded shares of Boeing from a “hold” rating to a “sell” rating in a report on Friday. Melius Research restated a “hold” rating on shares of Boeing in a report on Monday, April 1st. Citigroup cut their target price on shares of Boeing from $252.00 to $224.00 and set a “buy” rating for the company in a research report on Thursday. Finally, Bank of America cut their target price on shares of Boeing from $210.00 to $190.00 and set a “neutral” rating for the company in a research report on Thursday, April 11th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $222.41.

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.