Connor Clark & Lunn Investment Management Ltd. Sells 1,334 Shares of The Boeing Company (NYSE:BA)

Connor Clark & Lunn Investment Management Ltd. reduced its holdings in shares of The Boeing Company (NYSE:BA) by 0.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 279,237 shares of the aircraft producer’s stock after selling 1,334 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Boeing were worth $49,425,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Sierra Ocean LLC bought a new position in shares of Boeing during the 4th quarter worth approximately $26,000. Sugar Maple Asset Management LLC bought a new position in shares of Boeing in the fourth quarter valued at $27,000. RPg Family Wealth Advisory LLC bought a new position in shares of Boeing in the third quarter valued at $28,000. Fiduciary Advisors Inc. bought a new position in shares of Boeing in the fourth quarter valued at $28,000. Finally, HighMark Wealth Management LLC grew its stake in shares of Boeing by 121.6% in the fourth quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock valued at $29,000 after buying an additional 90 shares in the last quarter. 64.82% of the stock is owned by institutional investors.

Insider Activity at Boeing

In related news, EVP Uma M. Amuluru sold 3,159 shares of the business’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $180.69, for a total value of $570,799.71. Following the completion of the transaction, the executive vice president now owns 19,213 shares of the company’s stock, valued at $3,471,596.97. The trade was a 14.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.16% of the stock is owned by insiders.

Boeing Stock Performance

BA opened at $159.08 on Thursday. The Boeing Company has a fifty-two week low of $137.03 and a fifty-two week high of $196.95. The company has a market capitalization of $119.32 billion, a P/E ratio of -8.68 and a beta of 1.53. The stock has a fifty day moving average of $173.64 and a 200-day moving average of $163.80.

Boeing (NYSE:BA) last posted its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same quarter last year, the business earned ($0.47) earnings per share. On average, equities research analysts predict that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on BA shares. Barclays raised shares of Boeing from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $190.00 to $210.00 in a research note on Monday, January 6th. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 target price on shares of Boeing in a research note on Wednesday, January 29th. Wells Fargo & Company raised their target price on shares of Boeing from $85.00 to $103.00 and gave the company an “underweight” rating in a research note on Wednesday, January 29th. StockNews.com raised shares of Boeing to a “sell” rating in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, January 2nd. Two investment 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’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $195.16.

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.