Rockport Wealth LLC Purchases Shares of 2,159 The Boeing Company (NYSE:BA)

Rockport Wealth LLC purchased a new stake in shares of The Boeing Company (NYSE:BA) during the 1st quarter, according to the company in its most recent filing with the SEC. The fund purchased 2,159 shares of the aircraft producer’s stock, valued at approximately $416,000.

Several other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Boeing by 2.5% in the first quarter. Vanguard Group Inc. now owns 49,724,770 shares of the aircraft producer’s stock worth $9,596,383,000 after buying an additional 1,222,816 shares during the last quarter. Capital Research Global Investors boosted its stake in shares of Boeing by 35.5% in the fourth quarter. Capital Research Global Investors now owns 16,880,647 shares of the aircraft producer’s stock worth $4,400,109,000 after buying an additional 4,425,964 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Boeing by 23.7% in 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 buying an additional 1,884,850 shares during the last quarter. Northern Trust Corp boosted its stake 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 worth $1,304,150,000 after buying an additional 52,081 shares during the last quarter. Finally, Jennison Associates LLC raised its holdings in Boeing by 14.1% in the 1st quarter. Jennison Associates LLC now owns 4,203,435 shares of the aircraft producer’s stock worth $811,221,000 after purchasing an additional 518,952 shares during the period. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on BA shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $225.00 price target on shares of Boeing in a report on Tuesday, June 25th. Morgan Stanley reduced 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. Royal Bank of Canada reduced their target price on Boeing from $225.00 to $215.00 and set an “outperform” rating for the company in a report on Tuesday, April 16th. Barclays reduced their target price on Boeing from $235.00 to $190.00 and set an “equal weight” rating for the company in a report on Monday, April 22nd. Finally, TD Cowen reduced their target price on Boeing from $275.00 to $230.00 and set an “outperform” rating for the company in a report on Monday, March 25th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Boeing currently has an average rating of “Moderate Buy” and a consensus target price of $220.89.

Boeing Trading Up 4.2 %

Boeing stock traded up $7.58 during mid-day trading on Tuesday, hitting $186.48. The company’s stock had a trading volume of 7,486,441 shares, compared to its average volume of 8,208,276. The firm has a market capitalization of $114.48 billion, a PE ratio of -52.20 and a beta of 1.56. The Boeing Company has a 1 year low of $159.70 and a 1 year high of $267.54. The stock’s fifty day moving average is $181.50 and its two-hundred day moving average is $189.59.

Boeing (NYSE:BA) last issued its quarterly earnings data 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 business had revenue of $16.57 billion during the quarter, compared to analysts’ expectations of $17.69 billion. On average, equities analysts expect that The Boeing Company will post -2 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.