The Boeing Company (NYSE:BA) Shares Purchased by Cullinan Associates Inc.

Cullinan Associates Inc. boosted its holdings in shares of The Boeing Company (NYSE:BA) by 73.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,975 shares of the aircraft producer’s stock after acquiring an additional 2,950 shares during the period. Cullinan Associates Inc.’s holdings in Boeing were worth $1,346,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Vermillion & White Wealth Management Group LLC acquired a new position in shares of Boeing in the 4th quarter worth approximately $26,000. Evolution Advisers Inc. purchased a new stake in Boeing during the 4th quarter worth about $28,000. DiNuzzo Private Wealth Inc. acquired a new position in shares of Boeing during the fourth quarter worth about $28,000. Vima LLC acquired a new stake in Boeing in the fourth quarter valued at approximately $34,000. Finally, Accent Capital Management LLC acquired a new position in shares of Boeing during the fourth quarter worth $39,000. 64.82% of the stock is owned by hedge funds and other institutional investors.

Boeing Stock Performance

BA stock opened at $185.42 on Wednesday. The Boeing Company has a one year low of $159.70 and a one year high of $267.54. The company has a 50 day moving average price of $178.82 and a two-hundred day moving average price of $197.56. The stock has a market capitalization of $113.83 billion, a P/E ratio of -52.32 and a beta of 1.56.

Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, April 24th. The aircraft producer reported ($1.13) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.43) by $0.30. The business had revenue of $16.57 billion during the quarter, compared to analyst estimates of $17.69 billion. Research analysts forecast that The Boeing Company will post -1.67 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently weighed in on BA. Northcoast Research cut shares of Boeing from a “neutral” rating to a “sell” rating and set a $140.00 price target for the company. in a research report on Wednesday, April 17th. Robert W. Baird decreased their price objective on Boeing from $300.00 to $240.00 and set an “outperform” rating for the company in a report on Monday, June 3rd. Bank of America upped their price target on shares of Boeing from $180.00 to $200.00 and gave the company a “neutral” rating in a research report on Thursday, June 13th. JPMorgan Chase & Co. dropped their price objective on shares of Boeing from $230.00 to $210.00 and set an “overweight” rating on the stock in a research note on Friday, April 12th. Finally, Argus lowered Boeing from a “buy” rating to a “hold” rating in a report on Tuesday, April 30th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $220.89.

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.