Breakwater Capital Group Raises Holdings in The Boeing Company (NYSE:BA)

Breakwater Capital Group boosted its holdings in shares of The Boeing Company (NYSE:BA) by 9.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,914 shares of the aircraft producer’s stock after buying an additional 258 shares during the quarter. Breakwater Capital Group’s holdings in Boeing were worth $562,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of BA. Strategic Blueprint LLC grew its holdings in Boeing by 8.7% in the fourth 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 last quarter. U.S. Capital Wealth Advisors LLC grew its holdings in Boeing by 41.5% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 15,761 shares of the aircraft producer’s stock worth $4,108,000 after purchasing an additional 4,622 shares during the last quarter. Orca Investment Management LLC lifted its stake in shares of Boeing by 5.5% during the fourth quarter. Orca Investment Management LLC now owns 3,772 shares of the aircraft producer’s stock worth $983,000 after buying an additional 195 shares during the period. One Charles Private Wealth Services LLC acquired a new stake in shares of Boeing during the fourth quarter worth $205,000. Finally, J.W. Cole Advisors Inc. lifted its stake in shares of Boeing by 5.8% during the fourth quarter. J.W. Cole Advisors Inc. now owns 29,133 shares of the aircraft producer’s stock worth $7,594,000 after buying an additional 1,596 shares during the period. 64.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Northcoast Research downgraded shares of Boeing from a “neutral” rating to a “sell” rating and set a $140.00 price objective for the company. in a research note on Wednesday, April 17th. Robert W. Baird lowered their price objective 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. JPMorgan Chase & Co. lowered their price objective 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. Melius reiterated a “hold” rating on shares of Boeing in a research note on Monday, April 1st. Finally, UBS Group decreased their target price on shares of Boeing from $250.00 to $240.00 and set a “buy” rating for the company in a research report on Friday, June 7th. 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 given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $220.89.

Boeing Stock Down 0.3 %

BA stock opened at $182.01 on Monday. The stock has a market capitalization of $111.73 billion, a P/E ratio of -51.27 and a beta of 1.55. The firm has a 50-day simple moving average of $178.50 and a 200-day simple moving average of $198.05. The Boeing Company has a 52 week low of $159.70 and a 52 week high of $267.54.

Boeing (NYSE:BA) last released its earnings results on Wednesday, April 24th. The aircraft producer reported ($1.13) EPS for the quarter, topping analysts’ consensus estimates of ($1.43) by $0.30. The company had revenue of $16.57 billion for the quarter, compared to analysts’ expectations of $17.69 billion. On average, analysts expect that The Boeing Company will post -1.67 earnings per share 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.