Ceeto Capital Group LLC Has $1.61 Million Stake in The Boeing Company (NYSE:BA)

Ceeto Capital Group LLC raised its stake in shares of The Boeing Company (NYSE:BA) by 5.0% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 8,322 shares of the aircraft producer’s stock after purchasing an additional 400 shares during the period. Ceeto Capital Group LLC’s holdings in Boeing were worth $1,606,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in BA. Vermillion & White Wealth Management Group LLC bought a new position in shares of Boeing during the 4th quarter worth approximately $26,000. Evolution Advisers Inc. bought a new position in shares of Boeing during the 4th quarter worth approximately $28,000. DiNuzzo Private Wealth Inc. bought a new position in shares of Boeing during the 4th quarter worth approximately $28,000. Vima LLC bought a new position in shares of Boeing during the 4th quarter worth approximately $34,000. Finally, McClarren Financial Advisors Inc. raised its holdings in shares of Boeing by 451.4% in the 1st quarter. McClarren Financial Advisors Inc. now owns 193 shares of the aircraft producer’s stock worth $37,000 after purchasing an additional 158 shares during the period. Institutional investors and hedge funds own 64.82% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on BA shares. Melius reaffirmed a “hold” rating on shares of Boeing in a report on Monday, April 1st. Sanford C. Bernstein lowered their price target on shares of Boeing from $230.00 to $215.00 and set an “outperform” rating on the stock in a report on Monday, June 3rd. Northcoast Research cut shares of Boeing from a “neutral” rating to a “sell” rating and set a $140.00 price target on the stock. in a report on Wednesday, April 17th. Argus cut shares of Boeing from a “buy” rating to a “hold” rating in a report on Tuesday, April 30th. Finally, Susquehanna reaffirmed a “positive” rating and issued a $230.00 price target on shares of Boeing in a report on Wednesday, May 15th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $220.89.

Boeing Trading Up 1.4 %

Shares of BA traded up $2.54 during mid-day trading on Friday, reaching $186.89. 6,271,995 shares of the stock traded hands, compared to its average volume of 5,267,864. The firm has a fifty day moving average price of $181.74 and a 200 day moving average price of $188.23. The company has a market cap of $114.73 billion, a price-to-earnings ratio of -52.64 and a beta of 1.56. The Boeing Company has a 1 year low of $159.70 and a 1 year high of $267.54.

Boeing (NYSE:BA) last announced its earnings results on Wednesday, April 24th. The aircraft producer reported ($1.13) earnings per share (EPS) for the quarter, topping the consensus estimate 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. On average, sell-side analysts anticipate that The Boeing Company will post -2.27 EPS for the current 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.