SeaCrest Wealth Management LLC Sells 3,748 Shares of The Boeing Company (NYSE:BA)

SeaCrest Wealth Management LLC decreased its holdings in shares of The Boeing Company (NYSE:BA) by 44.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 4,591 shares of the aircraft producer’s stock after selling 3,748 shares during the period. SeaCrest Wealth Management LLC’s holdings in Boeing were worth $886,000 at the end of the most recent reporting period.

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

Boeing Stock Performance

Boeing stock opened at $184.31 on Thursday. The firm’s fifty day moving average price is $179.14 and its 200-day moving average price is $197.01. The stock has a market cap of $113.14 billion, a P/E ratio of -51.68 and a beta of 1.56. The Boeing Company has a fifty-two week low of $159.70 and a fifty-two week high of $267.54.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, April 24th. The aircraft producer reported ($1.13) earnings per share for the quarter, beating the consensus estimate 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 predict that The Boeing Company will post -1.67 earnings per share for the current year.

Analyst Upgrades and Downgrades

BA has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $225.00 target price on shares of Boeing in a research report on Tuesday, June 25th. The Goldman Sachs Group lowered their target price on shares of Boeing from $268.00 to $257.00 and set a “buy” rating on the stock in a report on Monday, March 25th. Robert W. Baird decreased 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. StockNews.com lowered shares of Boeing from a “hold” rating to a “sell” rating in a research note on Friday, April 26th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Boeing from $230.00 to $210.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. Two investment 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. Based on data from MarketBeat, Boeing has an average rating of “Moderate Buy” and a consensus price target of $220.89.

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.