First Trust Direct Indexing L.P. Sells 91 Shares of The Boeing Company (NYSE:BA)

First Trust Direct Indexing L.P. reduced its stake in The Boeing Company (NYSE:BA) by 0.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,356 shares of the aircraft producer’s stock after selling 91 shares during the period. First Trust Direct Indexing L.P.’s holdings in Boeing were worth $2,192,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

BA has been the subject of a number of recent research reports. StockNews.com cut shares of Boeing from a “hold” rating to a “sell” rating in a research note on Friday, April 26th. Barclays dropped their price objective on shares of Boeing from $235.00 to $190.00 and set an “equal weight” rating for the company in a research note on Monday, April 22nd. Bank of America lifted their price objective on shares of Boeing from $180.00 to $200.00 and gave the stock a “neutral” rating in a research note on Thursday, June 13th. JPMorgan Chase & Co. dropped their price objective on shares of Boeing from $230.00 to $210.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $225.00 price target on shares of Boeing in a research note on Tuesday, June 25th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Boeing presently has an average rating of “Moderate Buy” and an average target price of $220.89.

Boeing Price Performance

Boeing stock opened at $184.31 on Friday. The firm has a 50-day moving average of $179.89 and a two-hundred day moving average of $196.83. The stock has a market cap of $113.14 billion, a price-to-earnings ratio of -51.92 and a beta of 1.56. The Boeing Company has a 1 year low of $159.70 and a 1 year high of $267.54.

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

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.