Calton & Associates Inc. Sells 785 Shares of The Boeing Company (NYSE:BA)

Calton & Associates Inc. cut its stake in The Boeing Company (NYSE:BA) by 40.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,151 shares of the aircraft producer’s stock after selling 785 shares during the period. Calton & Associates Inc.’s holdings in Boeing were worth $222,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Trust Co. of Vermont raised its stake in shares of Boeing by 1.0% during the third quarter. Trust Co. of Vermont now owns 4,389 shares of the aircraft producer’s stock worth $841,000 after buying an additional 45 shares during the last quarter. Benchmark Financial Wealth Advisors LLC raised its stake in shares of Boeing by 2.7% during the fourth quarter. Benchmark Financial Wealth Advisors LLC now owns 1,785 shares of the aircraft producer’s stock worth $465,000 after buying an additional 47 shares during the last quarter. WealthPlan Investment Management LLC raised its stake in shares of Boeing by 1.0% during the fourth quarter. WealthPlan Investment Management LLC now owns 4,716 shares of the aircraft producer’s stock worth $1,229,000 after buying an additional 49 shares during the last quarter. RB Capital Management LLC raised its stake in shares of Boeing by 2.7% during the third quarter. RB Capital Management LLC now owns 1,893 shares of the aircraft producer’s stock worth $363,000 after buying an additional 50 shares during the last quarter. Finally, M&R Capital Management Inc. raised its stake in shares of Boeing by 35.0% during the fourth quarter. M&R Capital Management Inc. now owns 193 shares of the aircraft producer’s stock worth $50,000 after buying an additional 50 shares during the last quarter. 64.82% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Robert W. Baird dropped their price target on shares of Boeing from $300.00 to $240.00 and set an “outperform” rating for the company in a research note on Monday, June 3rd. Stifel Nicolaus reaffirmed a “buy” rating and issued a $240.00 target price on shares of Boeing in a research note on Wednesday, May 15th. StockNews.com downgraded shares of Boeing from a “hold” rating to a “sell” rating in a research note on Friday, April 26th. JPMorgan Chase & Co. lowered their target price on shares of Boeing from $230.00 to $210.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. Finally, Susquehanna reiterated 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 issued a strong buy rating to the company’s stock. According to MarketBeat.com, Boeing presently has a consensus rating of “Moderate Buy” and a consensus price target of $220.89.

Boeing Trading Down 0.3 %

Shares of BA stock opened at $182.05 on Friday. The company has a fifty day moving average price of $178.50 and a two-hundred day moving average price of $198.77. 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 quarterly earnings results on Wednesday, April 24th. The aircraft producer reported ($1.13) EPS for the quarter, beating analysts’ consensus estimates of ($1.43) by $0.30. The firm had revenue of $16.57 billion during the quarter, compared to analyst estimates of $17.69 billion. On average, research analysts expect that The Boeing Company will post -1.67 EPS for the current year.

About Boeing

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.