Cullen Investment Group LTD. Has $904,000 Stock Holdings in The Boeing Company (NYSE:BA)

Cullen Investment Group LTD. cut its holdings in shares of The Boeing Company (NYSE:BA) by 5.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,808 shares of the aircraft producer’s stock after selling 289 shares during the period. Cullen Investment Group LTD.’s holdings in Boeing were worth $904,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Strategic Blueprint LLC lifted its position in shares of Boeing by 8.7% in the 4th quarter. Strategic Blueprint LLC now owns 3,295 shares of the aircraft producer’s stock worth $859,000 after purchasing an additional 264 shares during the period. U.S. Capital Wealth Advisors LLC lifted its position in shares of Boeing by 41.5% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 15,761 shares of the aircraft producer’s stock valued at $4,108,000 after acquiring an additional 4,622 shares during the period. Orca Investment Management LLC lifted its position in shares of Boeing by 5.5% during the 4th quarter. Orca Investment Management LLC now owns 3,772 shares of the aircraft producer’s stock valued at $983,000 after acquiring an additional 195 shares during the period. One Charles Private Wealth Services LLC acquired a new position in shares of Boeing during the 4th quarter valued at $205,000. Finally, Morse Asset Management Inc lifted its position in shares of Boeing by 65.0% during the 3rd quarter. Morse Asset Management Inc now owns 7,999 shares of the aircraft producer’s stock valued at $1,533,000 after acquiring an additional 3,152 shares during the period. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BA has been the topic of a number of research reports. Northcoast Research downgraded shares of Boeing from a “neutral” rating to a “sell” rating and set a $140.00 target price on the stock. in a research report on Wednesday, April 17th. StockNews.com lowered shares of Boeing from a “hold” rating to a “sell” rating in a research note on Friday, April 26th. TD Cowen decreased their price target on shares of Boeing from $275.00 to $230.00 and set an “outperform” rating for the company in a research note on Monday, March 25th. Argus lowered shares of Boeing from a “buy” rating to a “hold” rating in a research note on Tuesday, April 30th. Finally, Benchmark reiterated a “buy” rating and issued a $250.00 target price on shares of Boeing in a research note on Tuesday, March 26th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $220.89.

Boeing Stock Performance

BA opened at $174.99 on Thursday. The firm has a market cap of $107.42 billion, a P/E ratio of -49.29 and a beta of 1.55. The firm has a 50-day moving average of $177.32 and a 200 day moving average of $201.45. The Boeing Company has a fifty-two week low of $159.70 and a fifty-two week high of $267.54.

Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, April 24th. The aircraft producer reported ($1.13) EPS for the quarter, beating the consensus estimate of ($1.43) by $0.30. The business had revenue of $16.57 billion for the quarter, compared to analysts’ expectations of $17.69 billion. Equities research analysts predict that The Boeing Company will post -1.57 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.