The Boeing Company (NYSE:BA) Stock Holdings Lowered by First Horizon Advisors Inc.

First Horizon Advisors Inc. cut its position in The Boeing Company (NYSE:BA) by 6.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,821 shares of the aircraft producer’s stock after selling 412 shares during the quarter. First Horizon Advisors Inc.’s holdings in Boeing were worth $1,517,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

A number of research analysts recently commented on BA shares. Melius Research reaffirmed a “hold” rating on shares of Boeing in a research note on Monday, April 1st. Royal Bank of Canada lowered their price objective on shares of Boeing from $225.00 to $215.00 and set an “outperform” rating for the company in a research report on Tuesday, April 16th. JPMorgan Chase & Co. lowered their price target on Boeing from $230.00 to $210.00 and set an “overweight” rating for the company in a report on Friday, April 12th. Argus downgraded shares of Boeing from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on Boeing from $240.00 to $225.00 and set a “buy” rating on the stock in a report on Thursday, April 25th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $222.41.

Boeing Stock Up 0.5 %

Shares of Boeing stock opened at $179.79 on Friday. The business has a 50-day simple moving average of $184.16 and a 200 day simple moving average of $205.95. The Boeing Company has a one year low of $159.70 and a one year high of $267.54.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.72) by $0.25. The firm had revenue of $22.02 billion for the quarter, compared to analyst estimates of $21.14 billion. Boeing’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period in the previous year, the company earned ($1.75) earnings per share. Research analysts anticipate that The Boeing Company will post -0.18 EPS for the current year.

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.