Connor Clark & Lunn Investment Management Ltd. Has $767,000 Stock Position in The Boeing Company $BA

Connor Clark & Lunn Investment Management Ltd. lowered its stake in shares of The Boeing Company (NYSE:BA - Free Report) by 98.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,497 shares of the aircraft producer's stock after selling 274,740 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.'s holdings in Boeing were worth $767,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. American National Bank & Trust increased its position in shares of Boeing by 474.1% during the first quarter. American National Bank & Trust now owns 155 shares of the aircraft producer's stock valued at $26,000 after purchasing an additional 128 shares during the period. REAP Financial Group LLC boosted its stake in Boeing by 60.2% during the fourth quarter. REAP Financial Group LLC now owns 173 shares of the aircraft producer's stock worth $31,000 after buying an additional 65 shares in the last quarter. Dogwood Wealth Management LLC increased its holdings in Boeing by 167.2% in the 4th quarter. Dogwood Wealth Management LLC now owns 179 shares of the aircraft producer's stock valued at $32,000 after buying an additional 112 shares during the period. Heck Capital Advisors LLC acquired a new position in shares of Boeing in the 4th quarter valued at $33,000. Finally, Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of Boeing by 122.1% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 191 shares of the aircraft producer's stock worth $34,000 after acquiring an additional 105 shares during the period. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently weighed in on BA. TD Securities cut shares of Boeing to a "cautious" rating in a research note on Thursday, May 22nd. Wells Fargo & Company reaffirmed an "underweight" rating on shares of Boeing in a report on Thursday, May 22nd. Wall Street Zen lowered Boeing from a "hold" rating to a "sell" rating in a research note on Saturday, May 17th. Susquehanna increased their target price on Boeing from $265.00 to $270.00 and gave the stock a "positive" rating in a report on Wednesday, July 30th. Finally, Morgan Stanley restated an "equal weight" rating on shares of Boeing in a research report on Monday, July 28th. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $228.90.

Boeing Trading Up 0.2%

Shares of NYSE BA traded up $0.4950 during mid-day trading on Wednesday, hitting $225.4950. The company had a trading volume of 2,437,886 shares, compared to its average volume of 8,395,179. The company has a market capitalization of $170.51 billion, a PE ratio of -13.63 and a beta of 1.48. The firm has a 50-day simple moving average of $219.94 and a two-hundred day simple moving average of $193.33. The Boeing Company has a one year low of $128.88 and a one year high of $242.69.

Boeing (NYSE:BA - Get Free Report) last issued its earnings results on Tuesday, July 29th. The aircraft producer reported ($1.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.92) by ($0.32). The company had revenue of $22.75 billion for the quarter, compared to analyst estimates of $20.13 billion. The business's revenue was up 34.9% compared to the same quarter last year. During the same period in the prior year, the business earned ($2.90) EPS. Sell-side analysts expect that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Boeing news, EVP David Christopher Raymond sold 3,771 shares of the firm's stock in a transaction on Friday, August 8th. The stock was sold at an average price of $229.94, for a total transaction of $867,103.74. Following the completion of the sale, the executive vice president owned 35,873 shares of the company's stock, valued at $8,248,637.62. This trade represents a 9.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.09% of the company's stock.

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.