The Boeing Company (NYSE:BA) Shares Bought by Vanguard Capital Wealth Advisors

Vanguard Capital Wealth Advisors lifted its stake in shares of The Boeing Company (NYSE:BA) by 22.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,966 shares of the aircraft producer’s stock after acquiring an additional 1,975 shares during the quarter. Boeing comprises about 2.3% of Vanguard Capital Wealth Advisors’ investment portfolio, making the stock its 12th biggest holding. Vanguard Capital Wealth Advisors’ holdings in Boeing were worth $2,858,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in BA. FAS Wealth Partners Inc. purchased a new position in Boeing during the 3rd quarter worth approximately $892,000. Vicus Capital grew its position in Boeing by 78.6% during the 3rd quarter. Vicus Capital now owns 1,734 shares of the aircraft producer’s stock worth $332,000 after purchasing an additional 763 shares in the last quarter. Litman Gregory Wealth Management LLC purchased a new position in Boeing during the 3rd quarter worth approximately $804,000. Hexagon Capital Partners LLC grew its holdings in shares of Boeing by 2.9% during the 3rd quarter. Hexagon Capital Partners LLC now owns 7,231 shares of the aircraft producer’s stock valued at $1,386,000 after acquiring an additional 201 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its holdings in shares of Boeing by 3.7% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 31,917 shares of the aircraft producer’s stock valued at $6,118,000 after acquiring an additional 1,133 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Price Performance

NYSE:BA traded down $5.65 on Tuesday, reaching $167.84. 8,223,741 shares of the company’s stock were exchanged, compared to its average volume of 9,716,028. The Boeing Company has a 52 week low of $159.70 and a 52 week high of $267.54. The stock has a fifty day simple moving average of $185.92 and a 200-day simple moving average of $206.50.

Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) EPS for the quarter, topping the consensus estimate of ($0.72) by $0.25. The business had revenue of $22.02 billion for the quarter, compared to analysts’ expectations of $21.14 billion. The company’s revenue was up 10.2% compared to the same quarter last year. During the same period last year, the business posted ($1.75) earnings per share. Equities analysts forecast that The Boeing Company will post -0.3 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently commented on BA. Morgan Stanley lowered their price target on shares of Boeing from $235.00 to $180.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 10th. Citigroup decreased their price objective on shares of Boeing from $252.00 to $224.00 and set a “buy” rating for the company in a report on Thursday, April 25th. Barclays cut their target price on shares of Boeing from $235.00 to $190.00 and set an “equal weight” rating for the company in a research report on Monday, April 22nd. Deutsche Bank Aktiengesellschaft cut their target price on shares of Boeing from $240.00 to $225.00 and set a “buy” rating for the company in a research report on Thursday, April 25th. Finally, Northcoast Research lowered shares of Boeing from a “neutral” rating to a “sell” rating and set a $140.00 target price for the company. in a research report on Wednesday, April 17th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $222.41.

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.