Brookstone Capital Management Grows Holdings in The Boeing Company (NYSE:BA)

Brookstone Capital Management boosted its holdings in shares of The Boeing Company (NYSE:BA) by 5.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,613 shares of the aircraft producer’s stock after acquiring an additional 689 shares during the period. Brookstone Capital Management’s holdings in Boeing were worth $2,434,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Strategic Blueprint LLC grew its holdings in Boeing by 8.7% in the fourth quarter. Strategic Blueprint LLC now owns 3,295 shares of the aircraft producer’s stock worth $859,000 after purchasing an additional 264 shares during the period. U.S. Capital Wealth Advisors LLC grew its holdings in 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 worth $4,108,000 after purchasing an additional 4,622 shares during the period. Orca Investment Management LLC grew its holdings in Boeing by 5.5% in the fourth quarter. Orca Investment Management LLC now owns 3,772 shares of the aircraft producer’s stock worth $983,000 after purchasing an additional 195 shares during the period. One Charles Private Wealth Services LLC purchased a new stake in Boeing in the fourth quarter worth about $205,000. Finally, J.W. Cole Advisors Inc. grew its holdings in Boeing by 5.8% in the fourth quarter. J.W. Cole Advisors Inc. now owns 29,133 shares of the aircraft producer’s stock worth $7,594,000 after purchasing an additional 1,596 shares during the period. Institutional investors own 64.82% of the company’s stock.

Boeing Trading Up 2.3 %

BA opened at $182.58 on Friday. 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 $112.08 billion, a PE ratio of -51.46 and a beta of 1.55. The firm’s 50 day simple moving average is $178.00 and its two-hundred day simple moving average is $199.34.

Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, April 24th. The aircraft producer reported ($1.13) earnings per share for the quarter, topping the consensus estimate of ($1.43) by $0.30. The business had revenue of $16.57 billion during the quarter, compared to the consensus estimate of $17.69 billion. Equities analysts forecast that The Boeing Company will post -1.67 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Robert W. Baird cut their price objective on shares of Boeing from $300.00 to $240.00 and set an “outperform” rating on the stock in a report on Monday, June 3rd. StockNews.com cut shares of Boeing from a “hold” rating to a “sell” rating in a report on Friday, April 26th. 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 report on Monday, June 3rd. Bank of America increased their price target on shares of Boeing from $180.00 to $200.00 and gave the company a “neutral” rating in a report on Thursday, June 13th. Finally, TD Cowen cut their price target on shares of Boeing from $275.00 to $230.00 and set an “outperform” rating on the stock in a report on Monday, March 25th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average 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.