Romano Brothers AND Company Sells 65 Shares of The Boeing Company (NYSE:BA)

Romano Brothers AND Company decreased its stake in shares of The Boeing Company (NYSE:BA) by 0.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,673 shares of the aircraft producer’s stock after selling 65 shares during the period. Romano Brothers AND Company’s holdings in Boeing were worth $2,060,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Boeing by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 48,501,954 shares of the aircraft producer’s stock worth $12,642,519,000 after purchasing an additional 892,446 shares in the last quarter. Capital Research Global Investors raised its holdings in Boeing by 35.5% in the 4th quarter. Capital Research Global Investors now owns 16,880,647 shares of the aircraft producer’s stock worth $4,400,109,000 after acquiring an additional 4,425,964 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in Boeing by 23.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,823,006 shares of the aircraft producer’s stock valued at $2,560,466,000 after acquiring an additional 1,884,850 shares in the last quarter. Morgan Stanley increased its holdings in shares of Boeing by 1.1% in the 3rd quarter. Morgan Stanley now owns 8,362,267 shares of the aircraft producer’s stock worth $1,602,880,000 after purchasing an additional 91,801 shares in the last quarter. Finally, Northern Trust Corp boosted its position in shares of Boeing by 1.1% during the fourth quarter. Northern Trust Corp now owns 5,003,262 shares of the aircraft producer’s stock valued at $1,304,150,000 after buying an additional 52,081 shares during the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Wall Street Analyst Weigh In

BA has been the topic of several research analyst reports. Citigroup lowered their target price on shares of Boeing from $252.00 to $224.00 and set a “buy” rating on the stock in a research note on Thursday, April 25th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $240.00 target price on shares of Boeing in a research report on Wednesday, May 15th. Benchmark restated a “buy” rating and issued a $250.00 price target on shares of Boeing in a research note on Tuesday, March 26th. TD Cowen reduced their price objective on Boeing from $275.00 to $230.00 and set an “outperform” rating for the company in a research report on Monday, March 25th. Finally, UBS Group dropped their target price on Boeing from $250.00 to $240.00 and set a “buy” rating on the stock in a research report on Friday, June 7th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $220.89.

Boeing Stock Down 0.3 %

Boeing stock traded down $0.50 during midday trading on Friday, reaching $182.01. The stock had a trading volume of 5,899,850 shares, compared to its average volume of 5,801,654. The firm has a market cap of $111.73 billion, a price-to-earnings ratio of -51.27 and a beta of 1.55. The Boeing Company has a 52-week low of $159.70 and a 52-week high of $267.54. The company has a fifty day moving average of $178.50 and a 200 day moving average of $198.42.

Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, April 24th. The aircraft producer reported ($1.13) EPS for the quarter, topping analysts’ consensus estimates of ($1.43) by $0.30. The company had revenue of $16.57 billion during the quarter, compared to the consensus estimate of $17.69 billion. Equities research analysts predict that The Boeing Company will post -1.67 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.