Inspire Advisors LLC Lowers Stock Holdings in The Boeing Company (NYSE:BA)

Inspire Advisors LLC reduced its position in shares of The Boeing Company (NYSE:BA) by 7.4% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 2,543 shares of the aircraft producer’s stock after selling 203 shares during the period. Inspire Advisors LLC’s holdings in Boeing were worth $491,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Strategic Blueprint LLC boosted its holdings in Boeing by 8.7% in the fourth quarter. Strategic Blueprint LLC now owns 3,295 shares of the aircraft producer’s stock valued at $859,000 after purchasing an additional 264 shares during the period. U.S. Capital Wealth Advisors LLC boosted its holdings in Boeing by 41.5% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 15,761 shares of the aircraft producer’s stock valued at $4,108,000 after purchasing an additional 4,622 shares during the period. Orca Investment Management LLC boosted its holdings in Boeing by 5.5% in the fourth quarter. Orca Investment Management LLC now owns 3,772 shares of the aircraft producer’s stock valued at $983,000 after purchasing an additional 195 shares during the period. One Charles Private Wealth Services LLC purchased a new position in Boeing in the fourth quarter valued at $205,000. Finally, J.W. Cole Advisors Inc. boosted its holdings in Boeing by 5.8% in the fourth quarter. J.W. Cole Advisors Inc. now owns 29,133 shares of the aircraft producer’s stock valued at $7,594,000 after purchasing an additional 1,596 shares during the period. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Boeing Trading Up 4.1 %

Shares of NYSE:BA traded up $7.37 during trading on Tuesday, hitting $186.48. 4,479,891 shares of the stock were exchanged, compared to its average volume of 8,268,592. The company has a fifty day moving average price of $181.21 and a two-hundred day moving average price of $192.07. The company has a market cap of $114.48 billion, a PE ratio of -51.90 and a beta of 1.56. The Boeing Company has a 12-month low of $159.70 and a 12-month high of $267.54.

Boeing (NYSE:BA) last posted its earnings results on Wednesday, April 24th. The aircraft producer reported ($1.13) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.43) by $0.30. The company had revenue of $16.57 billion during the quarter, compared to analysts’ expectations of $17.69 billion. Equities research analysts anticipate that The Boeing Company will post -1.75 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have weighed in on BA shares. JPMorgan Chase & Co. cut their price target on Boeing from $230.00 to $210.00 and set an “overweight” rating on the stock in a research note on Friday, April 12th. Melius Research restated a “hold” rating on shares of Boeing in a research note on Monday, April 1st. Benchmark restated a “buy” rating and issued a $250.00 price target on shares of Boeing in a research note on Tuesday, March 26th. Bank of America lifted their target price on Boeing from $180.00 to $200.00 and gave the stock a “neutral” rating in a research report on Thursday, June 13th. Finally, Citigroup cut their target price on Boeing from $252.00 to $224.00 and set a “buy” rating on the stock in a research report on Thursday, April 25th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target 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.