Leisure Capital Management Sells 80 Shares of The Boeing Company (NYSE:BA)

Leisure Capital Management trimmed its holdings in shares of The Boeing Company (NYSE:BA) by 7.9% in the 4th quarter, Holdings Channel reports. The firm owned 933 shares of the aircraft producer’s stock after selling 80 shares during the quarter. Leisure Capital Management’s holdings in Boeing were worth $243,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Strategic Blueprint LLC raised its holdings in shares of Boeing by 8.7% in the fourth quarter. Strategic Blueprint LLC now owns 3,295 shares of the aircraft producer’s stock valued at $859,000 after acquiring an additional 264 shares in the last quarter. Morse Asset Management Inc raised its holdings in shares of Boeing by 65.0% in the third quarter. Morse Asset Management Inc now owns 7,999 shares of the aircraft producer’s stock valued at $1,533,000 after acquiring an additional 3,152 shares in the last quarter. Peregrine Asset Advisers Inc. raised its holdings in shares of Boeing by 1,335.3% in the third quarter. Peregrine Asset Advisers Inc. now owns 36,443 shares of the aircraft producer’s stock valued at $6,985,000 after acquiring an additional 33,904 shares in the last quarter. California Public Employees Retirement System raised its holdings in shares of Boeing by 2.0% in the third quarter. California Public Employees Retirement System now owns 1,037,044 shares of the aircraft producer’s stock valued at $198,781,000 after acquiring an additional 19,847 shares in the last quarter. Finally, J.W. Cole Advisors Inc. raised its holdings in Boeing by 5.8% in the fourth quarter. J.W. Cole Advisors Inc. now owns 29,133 shares of the aircraft producer’s stock worth $7,594,000 after purchasing an additional 1,596 shares in the last quarter. 64.82% of the stock is currently owned by institutional investors.

Boeing Price Performance

NYSE BA traded up $0.41 during mid-day trading on Friday, hitting $167.22. The stock had a trading volume of 7,208,103 shares, compared to its average volume of 7,379,195. The firm’s 50 day moving average is $186.53 and its 200 day moving average is $206.46. The Boeing Company has a twelve month low of $159.70 and a twelve month high of $267.54. The stock has a market capitalization of $102.65 billion, a price-to-earnings ratio of -47.12, a PEG ratio of 140.08 and a beta of 1.52.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, January 31st. The aircraft producer reported ($0.47) EPS for the quarter, beating the consensus estimate 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. During the same period in the prior year, the company posted ($1.75) earnings per share. The firm’s revenue for the quarter was up 10.2% compared to the same quarter last year. As a group, equities research analysts expect that The Boeing Company will post 0.3 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. UBS Group reduced their target price on shares of Boeing from $275.00 to $250.00 and set a “buy” rating for the company in a report on Thursday, March 21st. Melius Research reiterated a “hold” rating on shares of Boeing in a report on Monday, April 1st. Edward Jones downgraded shares of Boeing from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Stifel Nicolaus reduced their target price on shares of Boeing from $270.00 to $260.00 and set a “buy” rating for the company in a report on Wednesday, April 10th. Finally, StockNews.com lowered Boeing from a “hold” rating to a “sell” rating in a research note on Friday. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $222.41.

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.