Mutual of America Capital Management LLC Decreases Holdings in The Boeing Company (NYSE:BA)

Mutual of America Capital Management LLC reduced its position in The Boeing Company (NYSE:BAFree Report) by 4.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (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 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Strategic Blueprint LLC grew its stake in Boeing by 8.7% in the 4th quarter. Strategic Blueprint LLC now owns 3,295 shares of the aircraft producer’s stock worth $859,000 after acquiring an additional 264 shares in the last quarter. Rothschild Investment LLC IL grew its stake in Boeing by 21.1% in the 3rd quarter. Rothschild Investment LLC IL now owns 75,101 shares of the aircraft producer’s stock worth $14,395,000 after acquiring an additional 13,079 shares in the last quarter. Meridian Wealth Management LLC grew its stake in Boeing by 86.8% in the 3rd quarter. Meridian Wealth Management LLC now owns 24,776 shares of the aircraft producer’s stock worth $4,749,000 after acquiring an additional 11,510 shares in the last quarter. Morse Asset Management Inc boosted its stake in shares of Boeing by 65.0% during the third quarter. Morse Asset Management Inc now owns 7,999 shares of the aircraft producer’s stock valued at $1,533,000 after purchasing an additional 3,152 shares in the last quarter. Finally, Peregrine Asset Advisers Inc. boosted its stake in shares of Boeing by 1,335.3% during the third quarter. Peregrine Asset Advisers Inc. now owns 36,443 shares of the aircraft producer’s stock valued at $6,985,000 after purchasing an additional 33,904 shares in the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on BA shares. Susquehanna dropped their price objective on shares of Boeing from $265.00 to $230.00 and set a “positive” rating on the stock in a research note on Thursday, March 21st. Benchmark reiterated a “buy” rating and set a $250.00 price objective on shares of Boeing in a research note on Tuesday, March 26th. Melius reiterated a “hold” rating on shares of Boeing in a research note on Monday, April 1st. The Goldman Sachs Group dropped their price objective on shares of Boeing from $268.00 to $257.00 and set a “buy” rating on the stock in a research note on Monday, March 25th. Finally, Northcoast Research downgraded shares of Boeing from a “buy” rating to a “neutral” rating in a research note on Friday, February 23rd. Nine analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $237.71.

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Boeing Stock Performance

NYSE BA opened at $173.36 on Friday. The company has a fifty day moving average of $195.03 and a 200 day moving average of $208.14. The Boeing Company has a 1 year low of $171.38 and a 1 year high of $267.54.

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

Boeing Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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