First Washington CORP Reduces Stock Position in The Boeing Company (NYSE:BA)

First Washington CORP decreased its holdings in shares of The Boeing Company (NYSE:BA) by 1.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,956 shares of the aircraft producer’s stock after selling 288 shares during the quarter. Boeing comprises approximately 1.7% of First Washington CORP’s portfolio, making the stock its 27th biggest holding. First Washington CORP’s holdings in Boeing were worth $4,542,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Vermillion & White Wealth Management Group LLC purchased a new stake in Boeing during the 4th quarter worth about $26,000. Vima LLC bought a new stake in shares of Boeing during the fourth quarter valued at about $34,000. Hobbs Group Advisors LLC purchased a new stake in shares of Boeing in the second quarter worth about $34,000. McClarren Financial Advisors Inc. boosted its position in shares of 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 acquiring an additional 158 shares during the period. Finally, Accent Capital Management LLC purchased a new position in Boeing during the fourth quarter valued at approximately $39,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on BA. Robert W. Baird cut their price target on shares of Boeing from $300.00 to $240.00 and set an “outperform” rating for the company in a report on Monday, June 3rd. Bank of America lifted their price objective on Boeing from $180.00 to $200.00 and gave the company a “neutral” rating in a research note on Thursday, June 13th. Susquehanna reaffirmed a “positive” rating and issued a $230.00 price target on shares of Boeing in a report on Wednesday, August 14th. Baird R W upgraded Boeing to a “strong-buy” rating in a research report on Monday, June 3rd. Finally, Sanford C. Bernstein lowered their target price on shares of Boeing from $222.00 to $207.00 and set an “outperform” rating on the stock in a research note on Monday, August 5th. Three analysts have rated the stock with a sell rating, seven have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $211.29.

Boeing Price Performance

NYSE BA opened at $156.38 on Wednesday. The stock has a market capitalization of $96.00 billion, a PE ratio of -44.05 and a beta of 1.57. The Boeing Company has a 1 year low of $154.02 and a 1 year high of $267.54. The business’s 50-day moving average is $172.95 and its 200 day moving average is $178.39.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, July 31st. The aircraft producer reported ($2.90) EPS for the quarter, missing analysts’ consensus estimates of ($1.00) by ($1.90). The company had revenue of $16.87 billion during the quarter, compared to the consensus estimate of $17.35 billion. The firm’s revenue for the quarter was down 14.6% compared to the same quarter last year. During the same period last year, the firm earned ($0.82) earnings per share. As a group, equities research analysts anticipate that The Boeing Company will post -4.26 earnings per share for the current year.

Boeing 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.