MV Capital Management Inc. Sells 348 Shares of The Boeing Company (NYSE:BA)

MV Capital Management Inc. lowered its stake in shares of The Boeing Company (NYSE:BA) by 22.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,232 shares of the aircraft producer’s stock after selling 348 shares during the quarter. MV Capital Management Inc.’s holdings in Boeing were worth $238,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Strategic Blueprint LLC lifted its holdings in Boeing by 8.7% during the fourth quarter. Strategic Blueprint LLC now owns 3,295 shares of the aircraft producer’s stock valued at $859,000 after purchasing an additional 264 shares during the last quarter. U.S. Capital Wealth Advisors LLC lifted its holdings in Boeing by 41.5% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 15,761 shares of the aircraft producer’s stock valued at $4,108,000 after purchasing an additional 4,622 shares during the last quarter. Orca Investment Management LLC lifted its holdings in Boeing by 5.5% during the fourth quarter. Orca Investment Management LLC now owns 3,772 shares of the aircraft producer’s stock valued at $983,000 after purchasing an additional 195 shares during the last quarter. One Charles Private Wealth Services LLC purchased a new stake in Boeing during the fourth quarter valued at about $205,000. Finally, J.W. Cole Advisors Inc. lifted its holdings in Boeing by 5.8% during the fourth quarter. J.W. Cole Advisors Inc. now owns 29,133 shares of the aircraft producer’s stock valued at $7,594,000 after purchasing an additional 1,596 shares during the last quarter. Institutional investors own 64.82% of the company’s stock.

Boeing Stock Performance

BA stock traded down $1.28 on Tuesday, reaching $185.42. The company’s stock had a trading volume of 4,058,286 shares, compared to its average volume of 8,525,255. The business has a fifty day simple moving average of $178.82 and a two-hundred day simple moving average of $197.56. The Boeing Company has a 12-month low of $159.70 and a 12-month high of $267.54. The firm has a market cap of $113.83 billion, a PE ratio of -52.32 and a beta of 1.56.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, April 24th. The aircraft producer reported ($1.13) EPS for the quarter, topping analysts’ consensus estimates of ($1.43) by $0.30. The business had revenue of $16.57 billion during the quarter, compared to analysts’ expectations of $17.69 billion. As a group, research analysts anticipate that The Boeing Company will post -1.67 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. lowered their price target 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. StockNews.com downgraded shares of Boeing from a “hold” rating to a “sell” rating in a report on Friday, April 26th. Susquehanna reissued a “positive” rating and issued a $230.00 price target on shares of Boeing in a report on Wednesday, May 15th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $225.00 price objective on shares of Boeing in a research report on Tuesday, June 25th. Finally, UBS Group decreased their price objective on shares of Boeing from $250.00 to $240.00 and set a “buy” rating on the stock in a research report on Friday, June 7th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $220.89.

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.