Advisors Asset Management Inc. Has $4.38 Million Holdings in The Boeing Company (NYSE:BA)

Advisors Asset Management Inc. increased its position in shares of The Boeing Company (NYSE:BA) by 5.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,713 shares of the aircraft producer’s stock after buying an additional 1,077 shares during the period. Advisors Asset Management Inc.’s holdings in Boeing were worth $4,383,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Freestone Capital Holdings LLC lifted its stake in shares of Boeing by 2.4% during the 1st quarter. Freestone Capital Holdings LLC now owns 9,213 shares of the aircraft producer’s stock worth $1,778,000 after buying an additional 220 shares during the last quarter. CreativeOne Wealth LLC grew its position in shares of Boeing by 21.8% in the first quarter. CreativeOne Wealth LLC now owns 5,350 shares of the aircraft producer’s stock valued at $1,033,000 after purchasing an additional 958 shares during the last quarter. Delap Wealth Advisory LLC bought a new position in shares of Boeing during the first quarter worth approximately $353,000. EntryPoint Capital LLC lifted its holdings in Boeing by 186.1% during the 1st quarter. EntryPoint Capital LLC now owns 638 shares of the aircraft producer’s stock worth $123,000 after purchasing an additional 415 shares during the last quarter. Finally, Northwest Wealth Management LLC boosted its stake in Boeing by 110.9% in the 1st quarter. Northwest Wealth Management LLC now owns 1,858 shares of the aircraft producer’s stock valued at $359,000 after purchasing an additional 977 shares during the period. 64.82% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on BA shares. Robert W. Baird lowered their target price on shares of Boeing from $300.00 to $240.00 and set an “outperform” rating on the stock in a report on Monday, June 3rd. Melius reaffirmed a “hold” rating on shares of Boeing in a report on Monday, April 1st. Morgan Stanley reduced their target price on Boeing from $235.00 to $180.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 10th. StockNews.com downgraded Boeing from a “hold” rating to a “sell” rating in a research note on Friday, April 26th. Finally, Argus cut shares of Boeing from a “buy” rating to a “hold” rating in a research report on Tuesday, April 30th. 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 given a strong buy rating to the company’s stock. According to data from MarketBeat, Boeing currently has a consensus rating of “Moderate Buy” and an average price target of $220.89.

Boeing Stock Performance

Shares of BA stock traded up $2.54 during mid-day trading on Friday, hitting $186.89. The company’s stock had a trading volume of 6,271,995 shares, compared to its average volume of 5,267,864. The Boeing Company has a 52 week low of $159.70 and a 52 week high of $267.54. The company’s fifty day simple moving average is $181.74 and its 200-day simple moving average is $188.76. The company has a market cap of $114.73 billion, a PE ratio of -52.64 and a beta of 1.56.

Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, April 24th. The aircraft producer reported ($1.13) earnings per share for the quarter, beating the consensus estimate of ($1.43) by $0.30. The company had revenue of $16.57 billion during the quarter, compared to the consensus estimate of $17.69 billion. On average, equities analysts anticipate that The Boeing Company will post -2.27 earnings per share for the current 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.