Orion Portfolio Solutions LLC Increases Position in The Boeing Company (NYSE:BA)

Orion Portfolio Solutions LLC lifted its holdings in The Boeing Company (NYSE:BA) by 274.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,865 shares of the aircraft producer’s stock after purchasing an additional 32,139 shares during the period. Orion Portfolio Solutions LLC’s holdings in Boeing were worth $8,466,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and 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. acquired a new position in Boeing during the fourth quarter worth $28,000. DiNuzzo Private Wealth Inc. acquired a new position in Boeing during the fourth quarter worth $28,000. Vima LLC acquired a new stake in shares of Boeing in the fourth quarter valued at $34,000. Finally, McClarren Financial Advisors Inc. raised its stake in shares of Boeing by 451.4% in the first quarter. McClarren Financial Advisors Inc. now owns 193 shares of the aircraft producer’s stock valued at $37,000 after acquiring an additional 158 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on BA shares. Susquehanna reissued a “positive” rating and issued a $230.00 target price on shares of Boeing in a report on Wednesday, May 15th. Bank of America increased their target price on Boeing from $180.00 to $200.00 and gave the company a “neutral” rating in a report on Thursday, June 13th. Stifel Nicolaus reissued a “buy” rating and issued a $240.00 target price on shares of Boeing in a report on Wednesday, May 15th. TD Cowen dropped their price objective on Boeing from $275.00 to $230.00 and set an “outperform” rating on the stock in a report on Monday, March 25th. Finally, JPMorgan Chase & Co. dropped their price objective on Boeing from $230.00 to $210.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Boeing currently has a consensus rating of “Moderate Buy” and a consensus target price of $220.89.

Boeing Stock Down 0.4 %

Shares of BA stock traded down $0.69 on Friday, reaching $179.54. 5,110,223 shares of the stock were exchanged, compared to its average volume of 8,237,503. The stock has a market cap of $110.22 billion, a P/E ratio of -50.61 and a beta of 1.56. The firm has a 50 day moving average of $181.47 and a two-hundred day moving average of $191.42. 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 quarterly earnings data on Wednesday, April 24th. The aircraft producer reported ($1.13) earnings per share for the quarter, beating analysts’ consensus estimates 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, equities research analysts predict that The Boeing Company will post -1.86 EPS 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.