Vestor Capital LLC Trims Stock Holdings in The Boeing Company (NYSE:BA)

Vestor Capital LLC lowered its position in shares of The Boeing Company (NYSE:BAFree Report) by 3.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,139 shares of the aircraft producer’s stock after selling 118 shares during the quarter. Vestor Capital LLC’s holdings in Boeing were worth $818,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of BA. CNB Bank boosted its stake in shares of Boeing by 106.5% in the 3rd quarter. CNB Bank now owns 128 shares of the aircraft producer’s stock worth $25,000 after buying an additional 66 shares during the last quarter. Evolution Advisers Inc. bought a new position in shares of Boeing in the 4th quarter worth approximately $28,000. DiNuzzo Private Wealth Inc. bought a new stake in shares of Boeing during the 4th quarter valued at $28,000. Naples Money Management LLC purchased a new stake in Boeing in the fourth quarter worth about $44,000. Finally, Blue Bell Private Wealth Management LLC lifted its holdings in Boeing by 66.2% during the third quarter. Blue Bell Private Wealth Management LLC now owns 236 shares of the aircraft producer’s stock valued at $45,000 after purchasing an additional 94 shares in the last quarter. Institutional investors own 64.82% of the company’s stock.

Analyst Upgrades and Downgrades

BA has been the topic of several recent research reports. TD Cowen decreased their target price on shares of Boeing from $275.00 to $230.00 and set an “outperform” rating on the stock in a research report on Monday, March 25th. Barclays cut 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 report on Monday, April 22nd. Melius Research reissued a “hold” rating on shares of Boeing in a research note on Monday, April 1st. Citigroup lowered their price target on Boeing from $252.00 to $224.00 and set a “buy” rating for the company in a report on Thursday, April 25th. Finally, Wells Fargo & Company reduced their price target on shares of Boeing from $225.00 to $215.00 and set an “equal weight” rating for the company in a report on Thursday, February 1st. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $222.41.

Check Out Our Latest Stock Analysis on Boeing

Boeing Trading Down 1.5 %

Boeing stock traded down $2.76 during midday trading on Friday, reaching $178.49. 3,710,432 shares of the stock traded hands, compared to its average volume of 9,440,488. The company has a 50-day simple moving average of $181.82 and a two-hundred day simple moving average of $205.79. 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 $109.57 billion, a PE ratio of -50.70 and a beta of 1.54.

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.

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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