The Boeing Company (NYSE:BA) Shares Sold by Vanguard Capital Wealth Advisors

Vanguard Capital Wealth Advisors lowered its position in shares of The Boeing Company (NYSE:BA) by 12.3% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 9,621 shares of the aircraft producer’s stock after selling 1,345 shares during the quarter. Boeing comprises about 1.3% of Vanguard Capital Wealth Advisors’ portfolio, making the stock its 18th largest position. Vanguard Capital Wealth Advisors’ holdings in Boeing were worth $1,857,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC raised its holdings in shares of Boeing by 2.4% during the third quarter. O Shaughnessy Asset Management LLC now owns 32,721 shares of the aircraft producer’s stock worth $6,272,000 after purchasing an additional 752 shares during the last quarter. Mutual Advisors LLC boosted its stake in shares of Boeing by 4.4% in the third quarter. Mutual Advisors LLC now owns 12,339 shares of the aircraft producer’s stock worth $2,365,000 after buying an additional 522 shares during the last quarter. Mather Group LLC. grew its holdings in Boeing by 9.5% during the third quarter. Mather Group LLC. now owns 3,984 shares of the aircraft producer’s stock worth $764,000 after acquiring an additional 347 shares during the period. Rench Wealth Management Inc. grew its stake in shares of Boeing by 1.6% during the 3rd quarter. Rench Wealth Management Inc. now owns 20,538 shares of the aircraft producer’s stock worth $3,937,000 after purchasing an additional 318 shares during the period. Finally, Tower Research Capital LLC TRC lifted its stake in shares of Boeing by 7.0% in the 3rd quarter. Tower Research Capital LLC TRC now owns 36,157 shares of the aircraft producer’s stock valued at $6,931,000 after purchasing an additional 2,364 shares during the period. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on BA. UBS Group cut their price objective on shares of Boeing from $250.00 to $240.00 and set a “buy” rating for the company in a report on Friday, June 7th. Citigroup cut their price target on Boeing from $252.00 to $224.00 and set a “buy” rating for the company in a research note on Thursday, April 25th. JPMorgan Chase & Co. dropped their price objective on Boeing from $230.00 to $210.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. Melius Research restated a “hold” rating on shares of Boeing in a research report on Monday, April 1st. Finally, Argus cut shares of Boeing from a “buy” rating to a “hold” rating in a research note on Tuesday, April 30th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Boeing presently has an average rating of “Moderate Buy” and an average target price of $220.89.

Boeing Stock Performance

NYSE:BA traded up $0.88 on Friday, hitting $183.39. The stock had a trading volume of 549,292 shares, compared to its average volume of 8,513,844. The company has a fifty day moving average price of $178.00 and a two-hundred day moving average price of $199.34. The Boeing Company has a 1-year low of $159.70 and a 1-year high of $267.54.

Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, April 24th. The aircraft producer reported ($1.13) EPS for the quarter, beating the consensus estimate of ($1.43) by $0.30. The firm had revenue of $16.57 billion for the quarter, compared to analysts’ expectations of $17.69 billion. Analysts forecast that The Boeing Company will post -1.67 EPS for the current year.

Boeing Company 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.