Carson Advisory Inc. Acquires 1,203 Shares of The Boeing Company (NYSE:BA)

Carson Advisory Inc. grew its holdings in shares of The Boeing Company (NYSE:BAFree Report) by 32.1% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,948 shares of the aircraft producer’s stock after buying an additional 1,203 shares during the quarter. Carson Advisory Inc.’s holdings in Boeing were worth $955,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Vermillion & White Wealth Management Group LLC purchased a new stake in shares of Boeing in the fourth quarter valued at approximately $26,000. Evolution Advisers Inc. purchased a new stake in shares of Boeing in the fourth quarter valued at approximately $28,000. DiNuzzo Private Wealth Inc. purchased a new stake in shares of Boeing in the fourth quarter valued at approximately $28,000. Vima LLC purchased a new stake in shares of Boeing in the fourth quarter valued at approximately $34,000. Finally, Bfsg LLC purchased a new stake in shares of Boeing in the first quarter valued at approximately $39,000. Institutional investors own 64.82% of the company’s stock.

Boeing Stock Performance

Shares of NYSE BA traded up $0.48 during mid-day trading on Wednesday, hitting $183.72. The stock had a trading volume of 3,580,883 shares, compared to its average volume of 8,379,397. The company has a 50 day moving average of $180.80 and a two-hundred day moving average of $194.30. The Boeing Company has a twelve month low of $159.70 and a twelve month high of $267.54. The firm has a market cap of $112.78 billion, a PE ratio of -51.70 and a beta of 1.56.

Boeing (NYSE:BAGet Free Report) last announced its quarterly earnings results on Wednesday, April 24th. The aircraft producer reported ($1.13) earnings per share for the quarter, topping the consensus estimate of ($1.43) by $0.30. The company had revenue of $16.57 billion for the quarter, compared to analyst estimates of $17.69 billion. Equities research analysts predict that The Boeing Company will post -1.67 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on BA. Argus lowered Boeing from a “buy” rating to a “hold” rating in a report on Tuesday, April 30th. 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 report on Monday, March 25th. Melius Research restated a “hold” rating on shares of Boeing in a report on Monday, April 1st. Morgan Stanley lowered their target price on Boeing from $235.00 to $180.00 and set an “equal weight” rating for the company in a report on Wednesday, April 10th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $225.00 target price on shares of Boeing in a report on Tuesday, June 25th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $220.89.

Check Out Our Latest Stock Analysis on BA

Boeing Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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