Rheos Capital Works Inc. Trims Stock Holdings in The Boeing Company (NYSE:BA)

Rheos Capital Works Inc. cut its holdings in shares of The Boeing Company (NYSE:BA) by 55.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 26,400 shares of the aircraft producer’s stock after selling 32,600 shares during the quarter. Rheos Capital Works Inc.’s holdings in Boeing were worth $4,673,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Sugar Maple Asset Management LLC acquired a new position in shares of Boeing in the 4th quarter worth approximately $27,000. RPg Family Wealth Advisory LLC acquired a new position in Boeing in the third quarter worth $28,000. Fiduciary Advisors Inc. acquired a new stake in shares of Boeing during the fourth quarter worth $28,000. Cedar Wealth Management LLC bought a new position in shares of Boeing in the 3rd quarter worth about $30,000. Finally, Heck Capital Advisors LLC acquired a new position in shares of Boeing in the 4th quarter valued at about $33,000. 64.82% of the stock is owned by institutional investors and hedge funds.

Boeing Stock Performance

Boeing stock opened at $176.26 on Monday. The firm’s 50 day moving average price is $169.50 and its two-hundred day moving average price is $164.05. The firm has a market cap of $108.96 billion, a PE ratio of -9.62 and a beta of 1.52. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $214.63.

Boeing (NYSE:BA) last posted its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same period in the prior year, the firm earned ($0.47) earnings per share. Equities analysts anticipate that The Boeing Company will post -2.12 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on BA. Citigroup dropped their target price on Boeing from $209.00 to $207.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. TD Cowen cut their price objective on shares of Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Royal Bank of Canada restated an “outperform” rating and issued a $200.00 target price on shares of Boeing in a research report on Wednesday, January 29th. Barclays upgraded Boeing from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $190.00 to $210.00 in a research report on Monday, January 6th. Finally, Morgan Stanley lowered their target price on Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 24th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $195.00.

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.