&Partners Raises Holdings in The Boeing Company (NYSE:BA)

&Partners lifted its holdings in The Boeing Company (NYSE:BA) by 110.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,589 shares of the aircraft producer’s stock after buying an additional 1,886 shares during the quarter. &Partners’ holdings in Boeing were worth $682,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of BA. Vermillion & White Wealth Management Group LLC acquired a new stake in shares of Boeing during the fourth quarter valued at about $26,000. Evolution Advisers Inc. bought a new stake in shares of Boeing in the fourth quarter worth $28,000. DiNuzzo Private Wealth Inc. bought a new stake in shares of Boeing in the fourth quarter worth $28,000. Vima LLC acquired a new stake in Boeing in the fourth quarter valued at $34,000. Finally, Accent Capital Management LLC bought a new position in Boeing during the 4th quarter valued at $39,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Price Performance

BA opened at $176.56 on Monday. The Boeing Company has a 1-year low of $159.70 and a 1-year high of $267.54. The company has a market capitalization of $108.39 billion, a price-to-earnings ratio of -49.74 and a beta of 1.55. The business has a 50 day moving average price of $177.52 and a two-hundred day moving average price of $200.39.

Boeing (NYSE:BA) last issued 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 business had revenue of $16.57 billion during the quarter, compared to analyst estimates of $17.69 billion. Equities analysts expect that The Boeing Company will post -1.57 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on BA shares. Barclays dropped their target price on shares of Boeing from $235.00 to $190.00 and set an “equal weight” rating for the company in a research report on Monday, April 22nd. Royal Bank of Canada cut their price objective on Boeing from $225.00 to $215.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 16th. Benchmark reiterated a “buy” rating and issued a $250.00 target price on shares of Boeing in a research report on Tuesday, March 26th. Sanford C. Bernstein dropped their price target on Boeing from $230.00 to $215.00 and set an “outperform” rating on the stock in a research report on Monday, June 3rd. Finally, Morgan Stanley decreased their price objective on shares of Boeing from $235.00 to $180.00 and set an “equal weight” rating for the company in a report on Wednesday, April 10th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $220.89.

Boeing Profile

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.