Moisand Fitzgerald Tamayo LLC Sells 246 Shares of The Boeing Company (NYSE:BA)

Moisand Fitzgerald Tamayo LLC cut its stake in shares of The Boeing Company (NYSE:BA) by 37.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 416 shares of the aircraft producer’s stock after selling 246 shares during the period. Moisand Fitzgerald Tamayo LLC’s holdings in Boeing were worth $80,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Trust Co. of Vermont raised its position in shares of Boeing by 1.0% during the 3rd quarter. Trust Co. of Vermont now owns 4,389 shares of the aircraft producer’s stock valued at $841,000 after buying an additional 45 shares in the last quarter. Benchmark Financial Wealth Advisors LLC lifted its stake in Boeing by 2.7% during the fourth quarter. Benchmark Financial Wealth Advisors LLC now owns 1,785 shares of the aircraft producer’s stock worth $465,000 after purchasing an additional 47 shares during the last quarter. WealthPlan Investment Management LLC boosted its holdings in shares of Boeing by 1.0% in the 4th quarter. WealthPlan Investment Management LLC now owns 4,716 shares of the aircraft producer’s stock worth $1,229,000 after purchasing an additional 49 shares in the last quarter. RB Capital Management LLC increased its position in shares of Boeing by 2.7% during the 3rd quarter. RB Capital Management LLC now owns 1,893 shares of the aircraft producer’s stock valued at $363,000 after purchasing an additional 50 shares during the last quarter. Finally, M&R Capital Management Inc. raised its holdings in shares of Boeing by 35.0% during the 4th quarter. M&R Capital Management Inc. now owns 193 shares of the aircraft producer’s stock valued at $50,000 after buying an additional 50 shares in the last quarter. Institutional investors own 64.82% of the company’s stock.

Boeing Stock Down 0.3 %

Shares of NYSE:BA traded down $0.50 during trading on Friday, hitting $182.01. The stock had a trading volume of 5,899,850 shares, compared to its average volume of 5,801,654. The Boeing Company has a 12 month low of $159.70 and a 12 month high of $267.54. The firm’s fifty day moving average is $178.50 and its 200 day moving average is $198.77.

Boeing (NYSE:BA) last announced its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $17.69 billion. As a group, equities research analysts anticipate that The Boeing Company will post -1.67 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on BA shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $225.00 price target on shares of Boeing in a research report on Tuesday. Melius reissued a “hold” rating on shares of Boeing in a research note on Monday, April 1st. TD Cowen reduced their price objective on Boeing from $275.00 to $230.00 and set an “outperform” rating on the stock in a research note on Monday, March 25th. The Goldman Sachs Group lowered their target price on Boeing from $268.00 to $257.00 and set a “buy” rating for the company in a research note on Monday, March 25th. Finally, Sanford C. Bernstein dropped their target price on Boeing from $230.00 to $215.00 and set an “outperform” rating for the company in a report on Monday, June 3rd. Two equities research analysts have rated the stock with a sell rating, eight have assigned 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.com, Boeing presently has an average rating of “Moderate Buy” and a consensus price target of $220.89.

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.