Capital Advisors Wealth Management LLC Reduces Stake in The Boeing Company (NYSE:BA)

Capital Advisors Wealth Management LLC lowered its holdings in The Boeing Company (NYSE:BA) by 10.0% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 1,980 shares of the aircraft producer’s stock after selling 221 shares during the quarter. Capital Advisors Wealth Management LLC’s holdings in Boeing were worth $382,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the business. Capital Planning LLC increased its holdings in shares of Boeing by 4.7% in the 1st quarter. Capital Planning LLC now owns 60,799 shares of the aircraft producer’s stock valued at $11,734,000 after acquiring an additional 2,744 shares during the last quarter. Doliver Advisors LP increased its holdings in shares of Boeing by 26.0% in the 1st quarter. Doliver Advisors LP now owns 3,895 shares of the aircraft producer’s stock valued at $752,000 after acquiring an additional 804 shares during the last quarter. Global Assets Advisory LLC purchased a new position in Boeing during the 1st quarter worth approximately $272,312,000. Traynor Capital Management Inc. grew its stake in Boeing by 2.5% during the 1st quarter. Traynor Capital Management Inc. now owns 49,084 shares of the aircraft producer’s stock worth $9,473,000 after buying an additional 1,179 shares during the last quarter. Finally, Lbmc Investment Advisors LLC grew its stake in Boeing by 94.5% during the 1st quarter. Lbmc Investment Advisors LLC now owns 3,472 shares of the aircraft producer’s stock worth $670,000 after buying an additional 1,687 shares during the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Bank of America raised their price target on Boeing from $180.00 to $200.00 and gave the stock a “neutral” rating in a research note on Thursday, June 13th. StockNews.com downgraded Boeing from a “hold” rating to a “sell” rating in a research note on Friday, April 26th. Baird R W upgraded Boeing to a “strong-buy” rating in a research note on Monday, June 3rd. The Goldman Sachs Group dropped their price target on Boeing from $268.00 to $257.00 and set a “buy” rating on the stock in a research note on Monday, March 25th. Finally, Northcoast Research downgraded Boeing from a “neutral” rating to a “sell” rating and set a $140.00 price target on the stock. in a research note on Wednesday, April 17th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $220.89.

Boeing Stock Down 1.7 %

Shares of BA traded down $3.03 during mid-day trading on Tuesday, hitting $176.07. The company’s stock had a trading volume of 1,154,050 shares, compared to its average volume of 8,544,410. The firm has a 50-day simple moving average of $177.75 and a 200 day simple moving average of $199.98. The Boeing Company has a 1-year low of $159.70 and a 1-year high of $267.54.

Boeing (NYSE:BA) last posted its quarterly earnings results 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 analyst estimates of $17.69 billion. On average, equities analysts anticipate that The Boeing Company will post -1.67 earnings per share for the current fiscal 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.