The Boeing Company (NYSE:BA) Shares Bought by Boltwood Capital Management

Boltwood Capital Management grew its holdings in The Boeing Company (NYSE:BAFree Report) by 6.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,068 shares of the aircraft producer’s stock after purchasing an additional 258 shares during the quarter. Boltwood Capital Management’s holdings in Boeing were worth $785,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Strategic Blueprint LLC grew its position in shares of Boeing by 8.7% in 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 grew its position in shares of Boeing by 41.5% in 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 grew its position in shares of Boeing by 5.5% in 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 acquired a new stake in shares of Boeing in the fourth quarter valued at approximately $205,000. Finally, Morse Asset Management Inc grew its position in shares of Boeing by 65.0% in the third quarter. Morse Asset Management Inc now owns 7,999 shares of the aircraft producer’s stock valued at $1,533,000 after purchasing an additional 3,152 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BA has been the topic of several recent analyst reports. Barclays reduced their price objective on shares of Boeing from $235.00 to $190.00 and set an “equal weight” rating on the stock in a research note on Monday, April 22nd. Royal Bank of Canada reduced their price objective on shares of Boeing from $225.00 to $215.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 16th. Morgan Stanley reduced their price objective on shares of Boeing from $235.00 to $180.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 10th. Sanford C. Bernstein cut their price target on shares of Boeing from $230.00 to $215.00 and set an “outperform” rating on the stock in a research note on Monday, June 3rd. Finally, Melius reaffirmed a “hold” rating on shares of Boeing in a research note on Monday, April 1st. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $220.89.

Check Out Our Latest Stock Analysis on BA

Boeing Stock Down 1.9 %

Shares of BA stock traded down $3.40 during mid-day trading on Wednesday, reaching $174.99. The company’s stock had a trading volume of 6,179,870 shares, compared to its average volume of 5,675,628. The company’s 50 day simple moving average is $177.31 and its 200-day simple moving average is $201.64. The firm has a market capitalization of $107.42 billion, a PE ratio of -49.29 and a beta of 1.55. The Boeing Company has a 12-month low of $159.70 and a 12-month high of $267.54.

Boeing (NYSE:BAGet Free Report) last released 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 firm had revenue of $16.57 billion for the quarter, compared to analyst estimates of $17.69 billion. As a group, research analysts anticipate that The Boeing Company will post -1.57 EPS for the current fiscal year.

Boeing Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Boeing (NYSE:BA)

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