The Boeing Company (NYSE:BA) Holdings Lowered by Catalyst Capital Advisors LLC

Catalyst Capital Advisors LLC trimmed its stake in shares of The Boeing Company (NYSE:BA) by 77.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 726 shares of the aircraft producer’s stock after selling 2,565 shares during the period. Catalyst Capital Advisors LLC’s holdings in Boeing were worth $129,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Sierra Ocean LLC purchased a new stake in shares of Boeing during the fourth quarter valued at $26,000. Sugar Maple Asset Management LLC purchased a new stake in Boeing in the 4th quarter worth about $27,000. RPg Family Wealth Advisory LLC purchased a new stake in Boeing in the 3rd quarter worth about $28,000. Fiduciary Advisors Inc. purchased a new stake in Boeing in the 4th quarter worth about $28,000. Finally, Cedar Wealth Management LLC purchased a new stake in Boeing in the 3rd quarter worth about $30,000. 64.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. UBS Group increased their price objective on Boeing from $208.00 to $217.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. Northcoast Research raised Boeing from a “sell” rating to a “neutral” rating in a research note on Thursday, December 12th. Wells Fargo & Company increased their price objective on Boeing from $85.00 to $103.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 29th. Benchmark reissued a “buy” rating and issued a $250.00 price objective on shares of Boeing in a research note on Thursday, October 24th. Finally, Barclays raised Boeing from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $190.00 to $210.00 in a research report on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $195.16.

Boeing Stock Performance

Shares of NYSE BA opened at $184.73 on Wednesday. The firm has a market cap of $138.56 billion, a price-to-earnings ratio of -10.08 and a beta of 1.52. The business’s 50-day simple moving average is $175.51 and its 200-day simple moving average is $163.94. The Boeing Company has a 52 week low of $137.03 and a 52 week high of $208.10.

Boeing (NYSE:BA) last released its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same quarter in the previous year, the business earned ($0.47) earnings per share. As a group, equities research analysts forecast that The Boeing Company will post -2.3 earnings per share for the current year.

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.