First Dallas Securities Inc. Acquires 552 Shares of The Boeing Company (NYSE:BA)

First Dallas Securities Inc. boosted its holdings in shares of The Boeing Company (NYSE:BA) by 3.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,926 shares of the aircraft producer’s stock after acquiring an additional 552 shares during the quarter. Boeing accounts for about 1.5% of First Dallas Securities Inc.’s portfolio, making the stock its 18th largest position. First Dallas Securities Inc.’s holdings in Boeing were worth $3,267,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. O Shaughnessy Asset Management LLC boosted its stake in shares of Boeing by 2.4% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 32,721 shares of the aircraft producer’s stock valued at $6,272,000 after purchasing an additional 752 shares during the last quarter. Mather Group LLC. boosted its stake 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 in the last quarter. Bank of Nova Scotia boosted its stake in Boeing by 186.1% during the third quarter. Bank of Nova Scotia now owns 131,349 shares of the aircraft producer’s stock worth $25,177,000 after acquiring an additional 85,437 shares in the last quarter. Morningstar Investment Services LLC bought a new position in Boeing during the third quarter worth $216,000. Finally, Cape Cod Five Cents Savings Bank boosted its stake in Boeing by 97.7% during the third quarter. Cape Cod Five Cents Savings Bank now owns 7,788 shares of the aircraft producer’s stock worth $1,493,000 after acquiring an additional 3,848 shares in the last quarter. 64.82% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on BA shares. TD Cowen lowered their price objective on shares of Boeing from $275.00 to $230.00 and set an “outperform” rating on the stock in a report on Monday, March 25th. Melius Research restated a “hold” rating on shares of Boeing in a report on Monday, April 1st. Robert W. Baird lowered their price objective on shares of Boeing from $300.00 to $240.00 and set an “outperform” rating on the stock in a report on Monday, June 3rd. JPMorgan Chase & Co. lowered their price objective on shares of Boeing from $230.00 to $210.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. Finally, Royal Bank of Canada lowered their price objective on shares of Boeing from $225.00 to $215.00 and set an “outperform” rating on the stock in a report on Tuesday, April 16th. Two equities 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 given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $220.89.

Boeing Trading Down 0.3 %

BA traded down $0.50 on Friday, reaching $182.01. The company had a trading volume of 5,899,850 shares, compared to its average volume of 5,801,654. The business has a 50 day simple moving average of $178.50 and a 200 day simple moving average of $198.77. The Boeing Company has a 52-week low of $159.70 and a 52-week high of $267.54.

Boeing (NYSE:BA) last announced its earnings results on Wednesday, April 24th. The aircraft producer reported ($1.13) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.43) by $0.30. The company had revenue of $16.57 billion during the quarter, compared to analysts’ expectations of $17.69 billion. Sell-side analysts forecast that The Boeing Company will post -1.67 earnings per share for the current fiscal year.

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.