&Partners Boosts Stock Position in The Boeing Company (NYSE:BA)

&Partners lifted its position in The Boeing Company (NYSE:BA) by 110.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,589 shares of the aircraft producer’s stock after purchasing 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 have also recently modified their holdings of the company. Vermillion & White Wealth Management Group LLC purchased a new position in shares of Boeing during the 4th quarter valued at about $26,000. Evolution Advisers Inc. purchased a new position in Boeing during the fourth quarter valued at approximately $28,000. DiNuzzo Private Wealth Inc. acquired a new position in Boeing in the fourth quarter valued at approximately $28,000. Vima LLC acquired a new stake in shares of Boeing during the 4th quarter worth approximately $34,000. Finally, Accent Capital Management LLC purchased a new position in shares of Boeing during the 4th quarter valued at approximately $39,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on BA. Susquehanna restated a “positive” rating and set a $230.00 price target on shares of Boeing in a research report on Wednesday, May 15th. JPMorgan Chase & Co. decreased their price objective on shares of Boeing from $230.00 to $210.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. 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 research report on Wednesday, April 10th. Sanford C. Bernstein decreased their price objective on shares of Boeing from $230.00 to $215.00 and set an “outperform” rating for the company in a research report on Monday, June 3rd. Finally, Northcoast Research downgraded shares of Boeing from a “neutral” rating to a “sell” rating and set a $140.00 price objective for the company. in a research report on Wednesday, April 17th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Boeing currently has a consensus rating of “Moderate Buy” and an average target price of $220.89.

Boeing Trading Up 0.1 %

Shares of BA stock opened at $176.56 on Monday. The Boeing Company has a twelve month low of $159.70 and a twelve month high of $267.54. The company’s 50-day moving average price is $177.52 and its 200-day moving average price is $200.39. The stock has a market cap of $108.39 billion, a price-to-earnings ratio of -49.74 and a beta of 1.55.

Boeing (NYSE:BA) last posted 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 during the quarter, compared to analyst estimates of $17.69 billion. As a group, equities research analysts predict that The Boeing Company will post -1.57 EPS for the current year.

About Boeing

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.