Claro Advisors LLC Has $286,000 Stock Holdings in The Boeing Company (NYSE:BA)

Claro Advisors LLC decreased its position in shares of The Boeing Company (NYSE:BA) by 11.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,481 shares of the aircraft producer’s stock after selling 187 shares during the period. Claro Advisors LLC’s holdings in Boeing were worth $286,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Capital Research Global Investors grew its stake in shares of Boeing by 35.5% in the 4th quarter. Capital Research Global Investors now owns 16,880,647 shares of the aircraft producer’s stock valued at $4,400,109,000 after buying an additional 4,425,964 shares in the last quarter. Jennison Associates LLC acquired a new stake in Boeing in the fourth quarter valued at approximately $960,397,000. Wellington Management Group LLP grew its position in Boeing by 563.9% in the fourth quarter. Wellington Management Group LLP now owns 3,439,093 shares of the aircraft producer’s stock worth $896,434,000 after acquiring an additional 2,921,043 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Boeing by 23.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,823,006 shares of the aircraft producer’s stock worth $2,560,466,000 after purchasing an additional 1,884,850 shares during the last quarter. Finally, Boston Partners raised its holdings in shares of Boeing by 861.6% during the 4th quarter. Boston Partners now owns 1,804,853 shares of the aircraft producer’s stock valued at $467,338,000 after purchasing an additional 1,617,151 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Analysts Set New Price Targets

BA has been the subject of a number of recent research reports. Melius reiterated a “hold” rating on shares of Boeing in a report on Monday, April 1st. Citigroup decreased their price target on Boeing from $252.00 to $224.00 and set a “buy” rating for the company in a research note on Thursday, April 25th. Baird R W raised Boeing to a “strong-buy” rating in a report on Monday, June 3rd. Barclays reduced their target price on Boeing from $235.00 to $190.00 and set an “equal weight” rating for the company in a report on Monday, April 22nd. Finally, Bank of America increased their price target on Boeing from $180.00 to $200.00 and gave the company a “neutral” rating in a report on Thursday, June 13th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $220.89.

Boeing Stock Up 2.6 %

Boeing stock opened at $186.70 on Tuesday. The business has a 50 day moving average price of $178.50 and a two-hundred day moving average price of $198.05. The Boeing Company has a 12 month low of $159.70 and a 12 month high of $267.54. The stock has a market cap of $114.61 billion, a price-to-earnings ratio of -52.59 and a beta of 1.56.

Boeing (NYSE:BA) last issued its 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, analysts expect that The Boeing Company will post -1.67 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.