Fidelis Capital Partners LLC Sells 1,137 Shares of The Boeing Company (NYSE:BA)

Fidelis Capital Partners LLC cut its stake in shares of The Boeing Company (NYSE:BA) by 37.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,917 shares of the aircraft producer’s stock after selling 1,137 shares during the quarter. Fidelis Capital Partners LLC’s holdings in Boeing were worth $349,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Brio Consultants LLC bought a new position in Boeing in the 4th quarter valued at approximately $207,000. Gryphon Financial Partners LLC bought a new position in shares of Boeing during the fourth quarter valued at $258,000. Franklin Resources Inc. boosted its position in shares of Boeing by 3.6% during the fourth quarter. Franklin Resources Inc. now owns 38,330 shares of the aircraft producer’s stock valued at $9,991,000 after buying an additional 1,325 shares during the last quarter. Orion Portfolio Solutions LLC increased its holdings in Boeing by 3.7% in the 4th quarter. Orion Portfolio Solutions LLC now owns 11,726 shares of the aircraft producer’s stock worth $3,056,000 after buying an additional 423 shares in the last quarter. Finally, Congress Wealth Management LLC DE raised its position in Boeing by 135.6% in the 4th quarter. Congress Wealth Management LLC DE now owns 7,512 shares of the aircraft producer’s stock worth $1,959,000 after buying an additional 4,323 shares during the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Price Performance

Shares of BA stock opened at $156.30 on Tuesday. The Boeing Company has a one year low of $151.65 and a one year high of $267.54. The company’s fifty day moving average price is $170.76 and its 200-day moving average price is $177.08. The company has a market capitalization of $95.95 billion, a price-to-earnings ratio of -44.03 and a beta of 1.57.

Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, July 31st. The aircraft producer reported ($2.90) EPS for the quarter, missing analysts’ consensus estimates of ($1.00) by ($1.90). The business had revenue of $16.87 billion during the quarter, compared to analyst estimates of $17.35 billion. The firm’s revenue for the quarter was down 14.6% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.82) earnings per share. Equities research analysts expect that The Boeing Company will post -4.26 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on BA. Baird R W raised shares of Boeing to a “strong-buy” rating in a report on Monday, June 3rd. Wells Fargo & Company reaffirmed an “underweight” rating and issued a $119.00 target price (down previously from $185.00) on shares of Boeing in a research report on Tuesday, September 3rd. Jefferies Financial Group decreased their target price on shares of Boeing from $270.00 to $240.00 and set a “buy” rating for the company in a research note on Monday. Sanford C. Bernstein dropped their price target on Boeing from $222.00 to $207.00 and set an “outperform” rating on the stock in a research note on Monday, August 5th. Finally, Bank of America upped their price objective on Boeing from $180.00 to $200.00 and gave the company a “neutral” rating in a research report on Thursday, June 13th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $212.89.

Boeing 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.