The Boeing Company (NYSE:BA) Position Boosted by Albion Financial Group UT

Albion Financial Group UT raised its stake in shares of The Boeing Company (NYSE:BA) by 40.2% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 237 shares of the aircraft producer’s stock after buying an additional 68 shares during the period. Albion Financial Group UT’s holdings in Boeing were worth $46,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

Several equities analysts have commented on BA shares. StockNews.com downgraded Boeing from a “hold” rating to a “sell” rating in a report on Friday, April 26th. TD Cowen cut their target price on shares of Boeing from $275.00 to $230.00 and set an “outperform” rating for the company in a research report on Monday, March 25th. The Goldman Sachs Group decreased their price target on shares of Boeing from $268.00 to $257.00 and set a “buy” rating for the company in a report on Monday, March 25th. Barclays dropped their price objective on Boeing from $235.00 to $190.00 and set an “equal weight” rating on the stock in a research note on Monday, April 22nd. Finally, Robert W. Baird decreased their target price on Boeing from $300.00 to $240.00 and set an “outperform” rating for the company in a research note on Monday, June 3rd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $220.89.

Boeing Trading Down 0.6 %

BA opened at $184.31 on Thursday. The Boeing Company has a twelve month low of $159.70 and a twelve month high of $267.54. The company has a fifty day moving average of $179.14 and a 200-day moving average of $197.01.

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

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.