Capital One National Association cut its stake in Boeing (NYSE:BA) by 3.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,613 shares of the aircraft producer’s stock after selling 640 shares during the period. Capital One National Association’s holdings in Boeing were worth $5,194,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in BA. Jennison Associates LLC lifted its holdings in Boeing by 20.3% during the 3rd quarter. Jennison Associates LLC now owns 6,873,128 shares of the aircraft producer’s stock worth $1,747,218,000 after buying an additional 1,160,859 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in Boeing by 7,215.0% during the 2nd quarter. Janus Henderson Group PLC now owns 4,919,937 shares of the aircraft producer’s stock worth $972,919,000 after buying an additional 4,852,679 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in Boeing by 13.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 3,424,281 shares of the aircraft producer’s stock worth $870,618,000 after buying an additional 402,240 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in Boeing by 3.9% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 3,275,519 shares of the aircraft producer’s stock worth $965,756,000 after buying an additional 122,278 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings in Boeing by 15.5% during the 3rd quarter. American Century Companies Inc. now owns 3,106,855 shares of the aircraft producer’s stock worth $789,794,000 after buying an additional 417,793 shares during the last quarter. Hedge funds and other institutional investors own 70.84% of the company’s stock.

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Shares of BA stock opened at $331.77 on Tuesday. The stock has a market capitalization of $193,778.08, a P/E ratio of 27.56, a P/E/G ratio of 1.70 and a beta of 1.40. Boeing has a 52-week low of $175.47 and a 52-week high of $371.60. The company has a debt-to-equity ratio of 23.74, a quick ratio of 0.37 and a current ratio of 1.16.

Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, January 31st. The aircraft producer reported $4.80 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.91 by $1.89. The firm had revenue of $25.37 billion for the quarter, compared to analysts’ expectations of $24.78 billion. Boeing had a negative return on equity of 11,050.62% and a net margin of 8.78%. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.47 EPS. equities research analysts forecast that Boeing will post 14.05 EPS for the current fiscal year.

In related news, CFO Gregory D. Smith sold 36,079 shares of the business’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $337.43, for a total value of $12,174,136.97. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.24% of the company’s stock.

BA has been the subject of a number of recent analyst reports. Buckingham Research reaffirmed a “hold” rating and set a $203.00 price target on shares of Boeing in a report on Friday, December 22nd. Vetr downgraded Boeing from a “hold” rating to a “sell” rating and set a $272.77 price target for the company. in a report on Thursday, December 28th. Zacks Investment Research raised Boeing from a “hold” rating to a “buy” rating and set a $330.00 price target for the company in a report on Tuesday, January 2nd. Jefferies Group reaffirmed a “buy” rating and set a $339.00 price target on shares of Boeing in a report on Monday, January 8th. Finally, JPMorgan Chase boosted their target price on Boeing from $325.00 to $360.00 and gave the company an “overweight” rating in a report on Wednesday, January 10th. Ten analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Boeing has a consensus rating of “Buy” and a consensus price target of $365.55.

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About Boeing

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services worldwide. The company operates in four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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