Garde Capital Inc. Has $1.21 Million Stock Holdings in The Boeing Company (NYSE:BA)

Garde Capital Inc. trimmed its position in shares of The Boeing Company (NYSE:BA) by 6.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,660 shares of the aircraft producer’s stock after selling 490 shares during the quarter. Garde Capital Inc.’s holdings in Boeing were worth $1,212,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Vermillion & White Wealth Management Group LLC acquired a new position in shares of Boeing in the fourth quarter worth approximately $26,000. Kiely Wealth Advisory Group Inc. acquired a new position in shares of Boeing in the second quarter worth approximately $33,000. Vima LLC acquired a new position in shares of Boeing in the fourth quarter worth approximately $34,000. Hobbs Group Advisors LLC acquired a new position in shares of Boeing in the second quarter worth approximately $34,000. Finally, McClarren Financial Advisors Inc. lifted its stake in shares of Boeing by 451.4% in the first quarter. McClarren Financial Advisors Inc. now owns 193 shares of the aircraft producer’s stock worth $37,000 after acquiring an additional 158 shares during the period. 64.82% of the stock is owned by institutional investors and hedge funds.

Boeing Trading Up 1.1 %

Shares of Boeing stock opened at $156.32 on Monday. The stock has a fifty day simple moving average of $168.52 and a 200 day simple moving average of $176.10. The Boeing Company has a 12-month low of $151.65 and a 12-month high of $267.54. The company has a market capitalization of $95.96 billion, a P/E ratio of -44.03 and a beta of 1.57.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share for the quarter, missing the consensus estimate of ($1.00) by ($1.90). The business had revenue of $16.87 billion during the quarter, compared to analyst estimates of $17.35 billion. During the same quarter in the prior year, the company posted ($0.82) earnings per share. The company’s revenue was down 14.6% on a year-over-year basis. On average, analysts predict that The Boeing Company will post -4.27 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Stifel Nicolaus lifted their target price on Boeing from $230.00 to $235.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Baird R W upgraded Boeing to a “strong-buy” rating in a report on Monday, June 3rd. Wells Fargo & Company reiterated an “underweight” rating and issued a $119.00 target price (down from $185.00) on shares of Boeing in a report on Tuesday, September 3rd. Susquehanna reiterated a “positive” rating and issued a $230.00 target price on shares of Boeing in a report on Wednesday, August 14th. Finally, Robert W. Baird lowered their target price on Boeing from $300.00 to $240.00 and set an “outperform” rating for the company in a report on Monday, June 3rd. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $209.83.

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.