Advisory Services Network LLC Has $5.30 Million Stake in The Boeing Company (NYSE:BA)

Advisory Services Network LLC decreased its position in The Boeing Company (NYSE:BA) by 20.0% during the 1st quarter, Holdings Channel.com reports. The firm owned 27,466 shares of the aircraft producer’s stock after selling 6,871 shares during the period. Advisory Services Network LLC’s holdings in Boeing were worth $5,301,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vermillion & White Wealth Management Group LLC bought a new stake in Boeing during the fourth quarter worth $26,000. Evolution Advisers Inc. bought a new position in shares of Boeing in the 4th quarter valued at $28,000. DiNuzzo Private Wealth Inc. bought a new position in shares of Boeing in the 4th quarter valued at $28,000. Vima LLC acquired a new stake in Boeing in the fourth quarter valued at $34,000. Finally, McClarren Financial Advisors Inc. increased its holdings in Boeing by 451.4% in the first quarter. McClarren Financial Advisors Inc. now owns 193 shares of the aircraft producer’s stock valued at $37,000 after purchasing an additional 158 shares during the period. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Stock Down 1.6 %

Shares of NYSE:BA traded down $3.03 during midday trading on Friday, hitting $180.88. 1,721,877 shares of the stock traded hands, compared to its average volume of 8,302,786. The Boeing Company has a one year low of $159.70 and a one year high of $267.54. The business’s 50 day moving average is $181.15 and its two-hundred day moving average is $194.16. The stock has a market capitalization of $111.04 billion, a PE ratio of -51.05 and a beta of 1.56.

Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, April 24th. The aircraft producer reported ($1.13) earnings per share for the quarter, topping 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. As a group, sell-side analysts forecast that The Boeing Company will post -1.72 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. JPMorgan Chase & Co. decreased their price objective on Boeing from $230.00 to $210.00 and set an “overweight” rating for the company in a report on Friday, April 12th. StockNews.com downgraded Boeing from a “hold” rating to a “sell” rating in a report on Friday, April 26th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $225.00 price target on shares of Boeing in a report on Tuesday, June 25th. Robert W. Baird decreased their price target on Boeing from $300.00 to $240.00 and set an “outperform” rating for the company in a report on Monday, June 3rd. Finally, Citigroup decreased their price target on Boeing from $252.00 to $224.00 and set a “buy” rating for the company in a report on Thursday, April 25th. Two investment 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 company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $220.89.

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.