MV Capital Management Inc. Sells 348 Shares of The Boeing Company (NYSE:BA)

MV Capital Management Inc. trimmed its stake in The Boeing Company (NYSE:BA) by 22.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,232 shares of the aircraft producer’s stock after selling 348 shares during the period. MV Capital Management Inc.’s holdings in Boeing were worth $238,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Trust Co. of Vermont increased its stake in shares of Boeing by 1.0% during the third quarter. Trust Co. of Vermont now owns 4,389 shares of the aircraft producer’s stock valued at $841,000 after buying an additional 45 shares during the period. Benchmark Financial Wealth Advisors LLC increased its stake in shares of Boeing by 2.7% during 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 during the period. WealthPlan Investment Management LLC increased its stake in shares of Boeing by 1.0% during 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 increased its stake in shares of Boeing by 2.7% during the third quarter. RB Capital Management LLC now owns 1,893 shares of the aircraft producer’s stock valued at $363,000 after buying an additional 50 shares during the period. Finally, M&R Capital Management Inc. increased its stake in shares of Boeing by 35.0% during the fourth quarter. M&R Capital Management Inc. now owns 193 shares of the aircraft producer’s stock valued at $50,000 after buying an additional 50 shares during the period. 64.82% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on BA shares. Susquehanna reaffirmed a “positive” rating and set a $230.00 price objective on shares of Boeing in a research report on Wednesday, May 15th. Benchmark reaffirmed a “buy” rating and set a $250.00 price objective on shares of Boeing in a research report on Tuesday, March 26th. UBS Group dropped their price objective on Boeing from $250.00 to $240.00 and set a “buy” rating on the stock in a research report on Friday, June 7th. The Goldman Sachs Group dropped their price objective on Boeing from $268.00 to $257.00 and set a “buy” rating on the stock in a research report on Monday, March 25th. Finally, Royal Bank of Canada lowered their price target on Boeing from $225.00 to $215.00 and set an “outperform” rating for the company in a report on Tuesday, April 16th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $220.89.

Boeing Stock Down 0.7 %

Shares of Boeing stock traded down $1.28 on Tuesday, reaching $185.42. The company’s stock had a trading volume of 4,058,286 shares, compared to its average volume of 8,525,255. The company has a market capitalization of $113.83 billion, a P/E ratio of -52.32 and a beta of 1.56. The Boeing Company has a 52-week low of $159.70 and a 52-week high of $267.54. The stock has a 50-day moving average price of $178.82 and a 200-day moving average price of $197.56.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, April 24th. The aircraft producer reported ($1.13) EPS for the quarter, beating analysts’ consensus estimates 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. Sell-side analysts forecast 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.