Telos Capital Management Inc. cut its holdings in The Boeing Company (NYSE:BA) by 23.2% during the first quarter, HoldingsChannel reports. The fund owned 844 shares of the aircraft producer’s stock after selling 255 shares during the period. Telos Capital Management Inc.’s holdings in The Boeing were worth $215,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in BA. Shufro Rose & Co. LLC increased its position in shares of The Boeing by 12.7% during the first quarter. Shufro Rose & Co. LLC now owns 2,892 shares of the aircraft producer’s stock worth $737,000 after acquiring an additional 325 shares during the period. HM Capital Management LLC boosted its stake in The Boeing by 2.2% in the first quarter. HM Capital Management LLC now owns 17,311 shares of the aircraft producer’s stock valued at $4,409,000 after acquiring an additional 380 shares in the last quarter. Bender Robert & Associates boosted its stake in shares of The Boeing by 4.0% during the first quarter. Bender Robert & Associates now owns 3,874 shares of the aircraft producer’s stock worth $987,000 after buying an additional 150 shares during the period. J.W. Cole Advisors Inc. raised its holdings in The Boeing by 19.6% during the first quarter. J.W. Cole Advisors Inc. now owns 28,410 shares of the aircraft producer’s stock worth $7,237,000 after purchasing an additional 4,662 shares in the last quarter. Finally, Csenge Advisory Group increased its holdings in The Boeing by 2.0% in the first quarter. Csenge Advisory Group now owns 2,386 shares of the aircraft producer’s stock valued at $602,000 after buying an additional 47 shares in the last quarter. 51.41% of the stock is currently owned by institutional investors.
A number of analysts recently issued reports on BA shares. Royal Bank of Canada set a $307.00 target price on shares of The Boeing and gave the stock a “buy” rating in a research report on Monday, January 4th. Morgan Stanley lifted their price target on shares of The Boeing from $250.00 to $274.00 and gave the stock an “overweight” rating in a research note on Monday, March 22nd. Zacks Investment Research downgraded shares of The Boeing from a “hold” rating to a “sell” rating and set a $215.00 target price for the company. in a research report on Tuesday, January 5th. Canaccord Genuity raised shares of The Boeing from a “hold” rating to a “buy” rating and boosted their target price for the company from $200.00 to $275.00 in a research note on Thursday, March 11th. Finally, Susquehanna Bancshares upped their price target on shares of The Boeing from $250.00 to $300.00 and gave the stock a “positive” rating in a research note on Friday, March 19th. Five equities research analysts have rated the stock with a sell rating, six have issued a hold rating and fifteen have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $240.22.
Shares of NYSE BA opened at $235.19 on Tuesday. The company has a market cap of $137.54 billion, a price-to-earnings ratio of -29.81, a PEG ratio of 101.91 and a beta of 1.65. The Boeing Company has a 12 month low of $113.89 and a 12 month high of $278.57. The stock has a 50-day moving average price of $248.23 and a two-hundred day moving average price of $215.96.
The Boeing (NYSE:BA) last released its quarterly earnings results on Tuesday, April 27th. The aircraft producer reported ($1.53) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.17) by ($0.36). The firm had revenue of $15.22 billion during the quarter, compared to the consensus estimate of $15.95 billion. The company’s revenue was down 10.0% on a year-over-year basis. During the same quarter in the prior year, the business posted ($1.70) EPS. As a group, equities research analysts forecast that The Boeing Company will post -9.39 EPS for the current year.
About The Boeing
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 through four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.
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