SeaCrest Wealth Management LLC Sells 3,748 Shares of The Boeing Company (NYSE:BA)

SeaCrest Wealth Management LLC reduced its position in The Boeing Company (NYSE:BA) by 44.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,591 shares of the aircraft producer’s stock after selling 3,748 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in Boeing were worth $886,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Strategic Blueprint LLC boosted its position in shares of Boeing by 8.7% during the fourth quarter. Strategic Blueprint LLC now owns 3,295 shares of the aircraft producer’s stock worth $859,000 after acquiring an additional 264 shares during the last quarter. U.S. Capital Wealth Advisors LLC raised its stake in Boeing by 41.5% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 15,761 shares of the aircraft producer’s stock valued at $4,108,000 after purchasing an additional 4,622 shares in the last quarter. Orca Investment Management LLC raised its stake in Boeing by 5.5% during the fourth quarter. Orca Investment Management LLC now owns 3,772 shares of the aircraft producer’s stock valued at $983,000 after purchasing an additional 195 shares in the last quarter. One Charles Private Wealth Services LLC purchased a new stake in Boeing during the fourth quarter valued at $205,000. Finally, J.W. Cole Advisors Inc. raised its stake in Boeing by 5.8% during the fourth quarter. J.W. Cole Advisors Inc. now owns 29,133 shares of the aircraft producer’s stock valued at $7,594,000 after purchasing an additional 1,596 shares in the last quarter. Institutional investors own 64.82% of the company’s stock.

Boeing Price Performance

BA stock opened at $184.31 on Thursday. The company has a market capitalization of $113.14 billion, a PE ratio of -51.68 and a beta of 1.56. The Boeing Company has a 12 month low of $159.70 and a 12 month high of $267.54. The firm’s 50-day moving average is $179.14 and its 200 day moving average is $197.01.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Stifel Nicolaus reaffirmed a “buy” rating and set a $240.00 price target on shares of Boeing in a research note on Wednesday, May 15th. TD Cowen decreased their price target on shares of Boeing from $275.00 to $230.00 and set an “outperform” rating on the stock in a research note on Monday, March 25th. Bank of America upped their price target on shares of Boeing from $180.00 to $200.00 and gave the company a “neutral” rating in a research note on Thursday, June 13th. Royal Bank of Canada decreased their price target on shares of Boeing from $225.00 to $215.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 16th. Finally, The Goldman Sachs Group reduced their target price on shares of Boeing from $268.00 to $257.00 and set a “buy” rating on the stock in a research note on Monday, March 25th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $220.89.

Boeing Company 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.