Skyline Advisors Inc. Reduces Holdings in The Boeing Company (NYSE:BA)

Skyline Advisors Inc. lessened its holdings in shares of The Boeing Company (NYSE:BA) by 4.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,053 shares of the aircraft producer’s stock after selling 101 shares during the quarter. Skyline Advisors Inc.’s holdings in Boeing were worth $396,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Trust Co. of Vermont raised its holdings in shares of Boeing by 1.0% in the 3rd quarter. Trust Co. of Vermont now owns 4,389 shares of the aircraft producer’s stock worth $841,000 after purchasing an additional 45 shares during the period. Benchmark Financial Wealth Advisors LLC lifted its position in Boeing by 2.7% during the fourth quarter. Benchmark Financial Wealth Advisors LLC now owns 1,785 shares of the aircraft producer’s stock valued at $465,000 after buying an additional 47 shares in the last quarter. WealthPlan Investment Management LLC grew its stake in Boeing by 1.0% during the fourth quarter. WealthPlan Investment Management LLC now owns 4,716 shares of the aircraft producer’s stock worth $1,229,000 after buying an additional 49 shares during the period. RB Capital Management LLC increased its position in shares of Boeing by 2.7% in the third quarter. RB Capital Management LLC now owns 1,893 shares of the aircraft producer’s stock worth $363,000 after acquiring an additional 50 shares in the last quarter. Finally, M&R Capital Management Inc. raised its stake in shares of Boeing by 35.0% in the 4th quarter. M&R Capital Management Inc. now owns 193 shares of the aircraft producer’s stock valued at $50,000 after acquiring an additional 50 shares during the period. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Boeing Stock Performance

BA traded up $3.26 during trading on Monday, reaching $185.27. The stock had a trading volume of 3,838,973 shares, compared to its average volume of 8,519,249. The Boeing Company has a 1-year low of $159.70 and a 1-year high of $267.54. The stock has a 50 day moving average of $178.50 and a two-hundred day moving average of $198.05.

Boeing (NYSE:BA) last announced its earnings results 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 firm had revenue of $16.57 billion for the quarter, compared to the consensus estimate of $17.69 billion. Research analysts predict that The Boeing Company will post -1.67 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on BA shares. Northcoast Research cut Boeing from a “neutral” rating to a “sell” rating and set a $140.00 price objective on the stock. in a research note on Wednesday, April 17th. The Goldman Sachs Group decreased their price objective on shares of Boeing from $268.00 to $257.00 and set a “buy” rating for the company in a report on Monday, March 25th. Bank of America raised their price target on shares of Boeing from $180.00 to $200.00 and gave the stock a “neutral” rating in a research report on Thursday, June 13th. Baird R W upgraded shares of Boeing to a “strong-buy” rating in a research note on Monday, June 3rd. Finally, Benchmark restated a “buy” rating and issued a $250.00 target price on shares of Boeing in a research note on Tuesday, March 26th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus 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.