Ballentine Partners LLC Cuts Stock Holdings in The Boeing Company (NYSE:BA)

Ballentine Partners LLC lessened its holdings in The Boeing Company (NYSE:BAFree Report) by 23.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,361 shares of the aircraft producer’s stock after selling 1,605 shares during the quarter. Ballentine Partners LLC’s holdings in Boeing were worth $1,035,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Royal Fund Management LLC increased its holdings in Boeing by 6.2% in the first quarter. Royal Fund Management LLC now owns 12,724 shares of the aircraft producer’s stock valued at $2,456,000 after buying an additional 739 shares during the last quarter. Bridge Creek Capital Management LLC grew its holdings in shares of Boeing by 3.1% during the first quarter. Bridge Creek Capital Management LLC now owns 1,983 shares of the aircraft producer’s stock worth $383,000 after purchasing an additional 60 shares during the last quarter. International Assets Investment Management LLC purchased a new position in shares of Boeing during the first quarter worth about $63,899,000. Douglas Lane & Associates LLC grew its holdings in shares of Boeing by 155.2% during the first quarter. Douglas Lane & Associates LLC now owns 164,229 shares of the aircraft producer’s stock worth $31,695,000 after purchasing an additional 99,878 shares during the last quarter. Finally, City State Bank grew its holdings in shares of Boeing by 14.9% during the first quarter. City State Bank now owns 1,648 shares of the aircraft producer’s stock worth $318,000 after purchasing an additional 214 shares during the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on BA. Baird R W upgraded shares of Boeing to a “strong-buy” rating in a research note on Monday, June 3rd. Sanford C. Bernstein decreased their target price on shares of Boeing from $230.00 to $215.00 and set an “outperform” rating for the company in a research note on Monday, June 3rd. UBS Group decreased their target price on shares of Boeing from $250.00 to $240.00 and set a “buy” rating for the company in a research note on Friday, June 7th. Melius reiterated a “hold” rating on shares of Boeing in a research note on Monday, April 1st. Finally, Northcoast Research downgraded shares of Boeing from a “neutral” rating to a “sell” rating and set a $140.00 price objective for the company. in a research report on Wednesday, April 17th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Boeing presently has an average rating of “Moderate Buy” and a consensus target price of $220.89.

Check Out Our Latest Analysis on Boeing

Boeing Stock Up 0.1 %

NYSE BA traded up $0.26 during trading hours on Friday, hitting $176.56. The company’s stock had a trading volume of 8,635,096 shares, compared to its average volume of 4,996,061. The stock has a fifty day moving average of $177.52 and a 200 day moving average of $200.39. The Boeing Company has a twelve month low of $159.70 and a twelve month high of $267.54. The firm has a market capitalization of $108.39 billion, a P/E ratio of -49.74 and a beta of 1.55.

Boeing (NYSE:BAGet Free Report) last announced its quarterly earnings data on Wednesday, April 24th. The aircraft producer reported ($1.13) earnings per share for the quarter, beating the consensus estimate of ($1.43) by $0.30. The business had revenue of $16.57 billion during the quarter, compared to analyst estimates of $17.69 billion. On average, analysts predict that The Boeing Company will post -1.57 earnings per share for the current year.

Boeing Company 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.

Further Reading

Institutional Ownership by Quarter for Boeing (NYSE:BA)

Receive News & Ratings for Boeing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boeing and related companies with MarketBeat.com's FREE daily email newsletter.