MCF Advisors LLC Purchases 4,836 Shares of The Boeing Company (NYSE:BA)

MCF Advisors LLC increased its holdings in shares of The Boeing Company (NYSE:BA) by 381.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,105 shares of the aircraft producer’s stock after buying an additional 4,836 shares during the quarter. MCF Advisors LLC’s holdings in Boeing were worth $1,178,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in Boeing by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 48,501,954 shares of the aircraft producer’s stock valued at $12,642,519,000 after acquiring an additional 892,446 shares during the last quarter. Capital Research Global Investors lifted its stake in Boeing by 35.5% in the 4th quarter. Capital Research Global Investors now owns 16,880,647 shares of the aircraft producer’s stock valued at $4,400,109,000 after purchasing an additional 4,425,964 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Boeing by 23.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,823,006 shares of the aircraft producer’s stock worth $2,560,466,000 after purchasing an additional 1,884,850 shares during the period. Morgan Stanley raised its stake in Boeing by 1.1% in the third quarter. Morgan Stanley now owns 8,362,267 shares of the aircraft producer’s stock valued at $1,602,880,000 after buying an additional 91,801 shares during the period. Finally, Northern Trust Corp lifted its position in shares of Boeing by 1.1% in the fourth quarter. Northern Trust Corp now owns 5,003,262 shares of the aircraft producer’s stock valued at $1,304,150,000 after buying an additional 52,081 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors.

Boeing Price Performance

Shares of NYSE BA traded down $0.50 during mid-day trading on Friday, hitting $182.01. The company had a trading volume of 5,899,850 shares, compared to its average volume of 5,801,654. The stock’s 50-day moving average price is $178.50 and its 200-day moving average price is $198.77. The Boeing Company has a 1 year low of $159.70 and a 1 year high of $267.54.

Boeing (NYSE:BA) last posted its earnings results on Wednesday, April 24th. The aircraft producer reported ($1.13) earnings per share (EPS) for the quarter, topping 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. Equities research analysts anticipate that The Boeing Company will post -1.67 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on BA shares. Robert W. Baird lowered their price target on shares of Boeing from $300.00 to $240.00 and set an “outperform” rating on the stock in a research report on Monday, June 3rd. Susquehanna reiterated a “positive” rating and set a $230.00 price target on shares of Boeing in a research report on Wednesday, May 15th. Morgan Stanley lowered their price objective on shares of Boeing from $235.00 to $180.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 10th. Baird R W upgraded Boeing to a “strong-buy” rating in a research note on Monday, June 3rd. Finally, Melius Research reiterated a “hold” rating on shares of Boeing in a research report on Monday, April 1st. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $220.89.

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.