The Boeing Company (NYSE:BA) Shares Sold by Inspire Advisors LLC

Inspire Advisors LLC trimmed its position in The Boeing Company (NYSE:BA) by 7.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,543 shares of the aircraft producer’s stock after selling 203 shares during the period. Inspire Advisors LLC’s holdings in Boeing were worth $491,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of BA. Vermillion & White Wealth Management Group LLC acquired a new stake in Boeing in the 4th quarter worth about $26,000. Evolution Advisers Inc. acquired a new stake in Boeing in the 4th quarter worth about $28,000. DiNuzzo Private Wealth Inc. acquired a new stake in Boeing in the 4th quarter worth about $28,000. Vima LLC acquired a new stake in Boeing in the 4th quarter worth about $34,000. Finally, McClarren Financial Advisors Inc. boosted its holdings in Boeing by 451.4% in the 1st quarter. McClarren Financial Advisors Inc. now owns 193 shares of the aircraft producer’s stock worth $37,000 after buying an additional 158 shares during the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Trading Up 4.1 %

Shares of BA stock traded up $7.37 during trading hours on Tuesday, hitting $186.48. The company’s stock had a trading volume of 4,479,891 shares, compared to its average volume of 8,268,592. The Boeing Company has a twelve month low of $159.70 and a twelve month high of $267.54. The business has a fifty day moving average of $181.21 and a 200-day moving average of $192.07. The stock has a market cap of $114.48 billion, a price-to-earnings ratio of -51.90 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) 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 analyst estimates of $17.69 billion. On average, equities analysts expect that The Boeing Company will post -1.75 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently commented on BA shares. UBS Group reduced their price target 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. Sanford C. Bernstein reduced their price target on shares of Boeing from $230.00 to $215.00 and set an “outperform” rating on the stock in a research report on Monday, June 3rd. Barclays cut their target price on Boeing from $235.00 to $190.00 and set an “equal weight” rating on the stock in a research report on Monday, April 22nd. Susquehanna reissued a “positive” rating and issued a $230.00 target price on shares of Boeing in a research report on Wednesday, May 15th. Finally, Argus lowered Boeing from a “buy” rating to a “hold” rating in a research report on Tuesday, April 30th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $220.89.

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.