Blue Bell Private Wealth Management LLC Lowers Stake in The Boeing Company (NYSE:BA)

Blue Bell Private Wealth Management LLC lessened its position in shares of The Boeing Company (NYSE:BAFree Report) by 51.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 160 shares of the aircraft producer’s stock after selling 167 shares during the period. Blue Bell Private Wealth Management LLC’s holdings in Boeing were worth $31,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in BA. CNB Bank lifted its stake in shares of Boeing by 106.5% during the third quarter. CNB Bank now owns 128 shares of the aircraft producer’s stock worth $25,000 after purchasing an additional 66 shares in the last quarter. Vermillion & White Wealth Management Group LLC acquired a new position in shares of Boeing during the fourth quarter worth about $26,000. Evolution Advisers Inc. acquired a new position in shares of Boeing during the fourth quarter worth about $28,000. DiNuzzo Private Wealth Inc. acquired a new position in shares of Boeing during the fourth quarter worth about $28,000. Finally, Vima LLC acquired a new position in shares of Boeing during the fourth quarter worth about $34,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Stock Performance

Shares of NYSE BA traded up $1.52 during mid-day trading on Wednesday, reaching $186.30. The company had a trading volume of 3,778,688 shares, compared to its average volume of 9,087,296. The Boeing Company has a twelve month low of $159.70 and a twelve month high of $267.54. The stock has a market capitalization of $114.37 billion, a PE ratio of -52.48 and a beta of 1.54. The stock’s 50 day moving average is $179.36 and its 200-day moving average is $205.80.

Boeing (NYSE:BAGet Free Report) last posted its quarterly earnings results on Wednesday, April 24th. The aircraft producer reported ($1.13) earnings per share for the quarter, topping 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, sell-side analysts anticipate that The Boeing Company will post -0.6 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently commented on BA shares. UBS Group cut their price target on Boeing from $275.00 to $250.00 and set a “buy” rating on the stock in a research note on Thursday, March 21st. Northcoast Research cut Boeing from a “neutral” rating to a “sell” rating and set a $140.00 price target on the stock. in a research note on Wednesday, April 17th. Benchmark reiterated a “buy” rating and issued a $250.00 price target on shares of Boeing in a research note on Tuesday, March 26th. TD Cowen cut their price target on Boeing from $275.00 to $230.00 and set an “outperform” rating on the stock in a research note on Monday, March 25th. Finally, Argus cut Boeing from a “buy” rating to a “hold” rating in a research note on Tuesday, April 30th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, Boeing currently has an average rating of “Hold” and a consensus target price of $221.24.

Check Out Our Latest Stock Analysis on BA

About Boeing

(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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