Auxier Asset Management cut its holdings in The Boeing Company (NYSE:BA – Free Report) by 1.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,195 shares of the aircraft producer’s stock after selling 180 shares during the quarter. Auxier Asset Management’s holdings in Boeing were worth $2,584,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in BA. Vermillion & White Wealth Management Group LLC bought a new position in Boeing during the 4th quarter valued at about $26,000. Kiely Wealth Advisory Group Inc. bought a new stake in shares of Boeing in the second quarter worth $33,000. Vima LLC purchased a new stake in Boeing during the fourth quarter valued at $34,000. Hobbs Group Advisors LLC bought a new position in Boeing in the second quarter valued at about $34,000. Finally, McClarren Financial Advisors Inc. boosted its position in 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 purchasing an additional 158 shares during the last quarter. 64.82% of the stock is currently owned by hedge funds and other institutional investors.
Boeing Price Performance
Boeing stock opened at $153.29 on Friday. The Boeing Company has a 1 year low of $152.60 and a 1 year high of $267.54. The firm’s 50 day moving average price is $171.21 and its 200-day moving average price is $177.74. The stock has a market cap of $94.10 billion, a P/E ratio of -43.18 and a beta of 1.57.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on the stock. Wells Fargo & Company reiterated an “underweight” rating and issued a $119.00 price objective (down previously from $185.00) on shares of Boeing in a research note on Tuesday, September 3rd. UBS Group cut their price objective on shares of Boeing from $250.00 to $240.00 and set a “buy” rating for the company in a research report on Friday, June 7th. Sanford C. Bernstein reduced their price objective on Boeing from $222.00 to $207.00 and set an “outperform” rating for the company in a research note on Monday, August 5th. Bank of America lifted their target price on Boeing from $180.00 to $200.00 and gave the company a “neutral” rating in a research report on Thursday, June 13th. Finally, Robert W. Baird reduced their price target on Boeing from $300.00 to $240.00 and set an “outperform” rating for the company in a research report on Monday, June 3rd. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Boeing currently has a consensus rating of “Moderate Buy” and a consensus price target of $211.29.
View Our Latest Stock Report on Boeing
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.
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