Harbor Investment Advisory LLC Sells 3,260 Shares of The Boeing Company (NYSE:BA)

Harbor Investment Advisory LLC trimmed its stake in shares of The Boeing Company (NYSE:BA) by 39.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,081 shares of the aircraft producer’s stock after selling 3,260 shares during the quarter. Harbor Investment Advisory LLC’s holdings in Boeing were worth $981,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Global Assets Advisory LLC acquired a new stake in shares of Boeing during the first quarter worth $272,312,000. Traynor Capital Management Inc. lifted its holdings in shares of Boeing by 2.5% during the first quarter. Traynor Capital Management Inc. now owns 49,084 shares of the aircraft producer’s stock worth $9,473,000 after buying an additional 1,179 shares in the last quarter. Lbmc Investment Advisors LLC lifted its holdings in shares of Boeing by 94.5% during the first quarter. Lbmc Investment Advisors LLC now owns 3,472 shares of the aircraft producer’s stock worth $670,000 after buying an additional 1,687 shares in the last quarter. True North Advisors LLC raised its stake in Boeing by 14.9% in the first quarter. True North Advisors LLC now owns 27,198 shares of the aircraft producer’s stock valued at $5,249,000 after purchasing an additional 3,534 shares in the last quarter. Finally, Royal Fund Management LLC raised its stake in Boeing by 6.2% in the first quarter. Royal Fund Management LLC now owns 12,724 shares of the aircraft producer’s stock valued at $2,456,000 after purchasing an additional 739 shares in the last quarter. 64.82% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on BA. UBS Group dropped their price target on Boeing from $250.00 to $240.00 and set a “buy” rating for the company in a research note on Friday, June 7th. Susquehanna reaffirmed a “positive” rating and issued a $230.00 price target on shares of Boeing in a research note on Wednesday, May 15th. JPMorgan Chase & Co. dropped their price target on Boeing from $230.00 to $210.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. The Goldman Sachs Group dropped their price target on Boeing from $268.00 to $257.00 and set a “buy” rating for the company in a research note on Monday, March 25th. Finally, Argus downgraded Boeing from a “buy” rating to a “hold” rating in a research note on Tuesday, April 30th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Boeing currently has a consensus rating of “Moderate Buy” and an average target price of $220.89.

Boeing Trading Up 1.4 %

Shares of BA stock opened at $179.08 on Tuesday. The business’s 50 day simple moving average is $177.75 and its 200 day simple moving average is $199.98. The Boeing Company has a one year low of $159.70 and a one year high of $267.54.

Boeing (NYSE:BA) last announced its earnings results 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 company had revenue of $16.57 billion during the quarter, compared to the consensus estimate of $17.69 billion. As a group, equities analysts anticipate that The Boeing Company will post -1.67 EPS 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.