United Asset Strategies Inc. grew its holdings in shares of Boeing Co (NYSE:BA) by 21.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,174 shares of the aircraft producer’s stock after purchasing an additional 737 shares during the period. United Asset Strategies Inc.’s holdings in Boeing were worth $623,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in BA. Americana Partners LLC acquired a new position in shares of Boeing during the 4th quarter worth approximately $26,000. Cordasco Financial Network acquired a new stake in shares of Boeing during the 1st quarter worth approximately $26,000. MBE Wealth Management LLC acquired a new stake in shares of Boeing during the 1st quarter worth approximately $26,000. Marquette Asset Management LLC boosted its position in shares of Boeing by 316.7% during the 1st quarter. Marquette Asset Management LLC now owns 200 shares of the aircraft producer’s stock worth $30,000 after acquiring an additional 152 shares in the last quarter. Finally, Rocky Mountain Advisers LLC boosted its position in shares of Boeing by 100.0% during the 1st quarter. Rocky Mountain Advisers LLC now owns 200 shares of the aircraft producer’s stock worth $30,000 after acquiring an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 65.59% of the company’s stock.
Several analysts recently issued reports on BA shares. UBS Group reduced their price target on shares of Boeing from $284.00 to $150.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 8th. Berenberg Bank reiterated a “neutral” rating and set a $150.00 price target (down previously from $350.00) on shares of Boeing in a research report on Tuesday, April 7th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $158.00 target price (up previously from $130.00) on shares of Boeing in a research report on Friday, May 1st. Citigroup lowered shares of Boeing from a “buy” rating to a “neutral” rating and set a $175.00 target price on the stock. in a research report on Monday, April 20th. Finally, Sanford C. Bernstein restated a “buy” rating and issued a $401.00 target price on shares of Boeing in a research report on Wednesday, January 29th. Four investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $231.04.
NYSE BA traded down $1.76 during mid-day trading on Friday, reaching $137.24. 5,186,952 shares of the stock were exchanged, compared to its average volume of 32,170,650. Boeing Co has a one year low of $89.00 and a one year high of $391.00. The stock has a 50 day simple moving average of $135.42 and a 200-day simple moving average of $265.07. The stock has a market cap of $75.24 billion, a P/E ratio of -23.27 and a beta of 1.45.
Boeing (NYSE:BA) last announced its earnings results on Wednesday, April 29th. The aircraft producer reported ($1.70) earnings per share for the quarter, topping analysts’ consensus estimates of ($2.04) by $0.34. Boeing had a negative net margin of 4.84% and a negative return on equity of 3.08%. The business had revenue of $16.91 billion during the quarter, compared to the consensus estimate of $16.90 billion. During the same quarter last year, the firm earned $3.16 earnings per share. Boeing’s quarterly revenue was down 26.2% on a year-over-year basis. Sell-side analysts expect that Boeing Co will post -5.05 EPS for the current fiscal year.
The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates in four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.
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