Tradewinds Capital Management LLC Sells 853 Shares of The Boeing Company (NYSE:BA)

Tradewinds Capital Management LLC trimmed its position in The Boeing Company (NYSE:BA) by 36.1% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 1,507 shares of the aircraft producer’s stock after selling 853 shares during the period. Tradewinds Capital Management LLC’s holdings in Boeing were worth $291,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Boeing by 1.9% during the 4th 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 period. Capital Research Global Investors grew its position in shares of Boeing by 35.5% during 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 acquiring an additional 4,425,964 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of Boeing by 23.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,823,006 shares of the aircraft producer’s stock valued at $2,560,466,000 after acquiring an additional 1,884,850 shares during the period. Morgan Stanley grew its position in shares of Boeing by 1.1% during the 3rd quarter. Morgan Stanley now owns 8,362,267 shares of the aircraft producer’s stock valued at $1,602,880,000 after acquiring an additional 91,801 shares during the period. Finally, Northern Trust Corp grew its position in shares of Boeing by 1.1% during the 4th quarter. Northern Trust Corp now owns 5,003,262 shares of the aircraft producer’s stock valued at $1,304,150,000 after acquiring an additional 52,081 shares during the period. 64.82% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on BA shares. Barclays cut their price objective on shares of Boeing from $235.00 to $190.00 and set an “equal weight” rating for the company in a report on Monday, April 22nd. Stifel Nicolaus reaffirmed a “buy” rating and issued a $240.00 price objective on shares of Boeing in a report on Wednesday, May 15th. Melius reaffirmed a “hold” rating on shares of Boeing in a report on Monday, April 1st. Sanford C. Bernstein cut their price objective on shares of Boeing from $230.00 to $215.00 and set an “outperform” rating for the company in a report on Monday, June 3rd. Finally, Morgan Stanley cut their price objective on shares of Boeing from $235.00 to $180.00 and set an “equal weight” rating for the company in a report on Wednesday, April 10th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $220.89.

Boeing Stock Performance

Shares of BA stock traded down $0.66 on Wednesday, hitting $184.76. 2,093,722 shares of the company’s stock traded hands, compared to its average volume of 8,474,359. The Boeing Company has a one year low of $159.70 and a one year high of $267.54. The company’s fifty day simple moving average is $179.14 and its 200 day simple moving average is $197.01. The stock has a market capitalization of $113.42 billion, a price-to-earnings ratio of -51.68 and a beta of 1.56.

Boeing (NYSE:BA) last released 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 business had revenue of $16.57 billion for the quarter, compared to the consensus estimate of $17.69 billion. As a group, sell-side analysts anticipate that The Boeing Company will post -1.67 earnings per share for the current fiscal year.

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.