Wealthcare Advisory Partners LLC Has $1.89 Million Position in The Boeing Company (NYSE:BA)

Wealthcare Advisory Partners LLC decreased its position in shares of The Boeing Company (NYSE:BA) by 19.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,774 shares of the aircraft producer’s stock after selling 2,369 shares during the period. Wealthcare Advisory Partners LLC’s holdings in Boeing were worth $1,886,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BA. O Shaughnessy Asset Management LLC lifted its holdings in shares of Boeing by 2.4% in the third quarter. O Shaughnessy Asset Management LLC now owns 32,721 shares of the aircraft producer’s stock worth $6,272,000 after acquiring an additional 752 shares during the last quarter. Mather Group LLC. increased its holdings in shares of Boeing by 9.5% during the third quarter. Mather Group LLC. now owns 3,984 shares of the aircraft producer’s stock worth $764,000 after buying an additional 347 shares in the last quarter. Bank of Nova Scotia lifted its stake in shares of Boeing by 186.1% in the 3rd quarter. Bank of Nova Scotia now owns 131,349 shares of the aircraft producer’s stock valued at $25,177,000 after acquiring an additional 85,437 shares during the last quarter. Morningstar Investment Services LLC acquired a new stake in shares of Boeing during the 3rd quarter valued at $216,000. Finally, Cape Cod Five Cents Savings Bank grew its position in Boeing by 97.7% during the 3rd quarter. Cape Cod Five Cents Savings Bank now owns 7,788 shares of the aircraft producer’s stock worth $1,493,000 after acquiring an additional 3,848 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently issued reports on BA shares. TD Cowen lowered their price objective on Boeing from $275.00 to $230.00 and set an “outperform” rating for the company in a research note on Monday, March 25th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $225.00 price objective on shares of Boeing in a research note on Tuesday. Northcoast Research downgraded Boeing from a “neutral” rating to a “sell” rating and set a $140.00 target price on the stock. in a report on Wednesday, April 17th. Robert W. Baird decreased their price target on Boeing from $300.00 to $240.00 and set an “outperform” rating for the company in a research note on Monday, June 3rd. Finally, Citigroup reduced their target price on Boeing from $252.00 to $224.00 and set a “buy” rating on the stock in a report on Thursday, April 25th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $220.89.

Boeing Stock Up 1.4 %

Shares of NYSE:BA traded up $2.46 during mid-day trading on Thursday, hitting $180.96. 1,386,863 shares of the company traded hands, compared to its average volume of 8,523,214. The stock has a 50-day moving average price of $177.84 and a two-hundred day moving average price of $199.49. The Boeing Company has a 12-month low of $159.70 and a 12-month high of $267.54.

Boeing (NYSE:BA) last announced its earnings results on Wednesday, April 24th. The aircraft producer reported ($1.13) EPS for the quarter, beating the consensus estimate of ($1.43) by $0.30. The firm had revenue of $16.57 billion during the quarter, compared to analysts’ expectations of $17.69 billion. On average, sell-side analysts forecast that The Boeing Company will post -1.67 earnings per share for the current fiscal year.

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.