Whalerock Point Partners LLC Trims Stock Position in The Boeing Company (NYSE:BA)

Whalerock Point Partners LLC lessened its holdings in The Boeing Company (NYSE:BA) by 6.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,133 shares of the aircraft producer’s stock after selling 335 shares during the period. Whalerock Point Partners LLC’s holdings in Boeing were worth $991,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of BA. Vermillion & White Wealth Management Group LLC acquired a new position in shares of Boeing in the fourth quarter valued at approximately $26,000. Evolution Advisers Inc. acquired a new position in shares of Boeing in the fourth quarter valued at approximately $28,000. DiNuzzo Private Wealth Inc. acquired a new position in shares of Boeing in the fourth quarter valued at approximately $28,000. Vima LLC acquired a new position in shares of Boeing in the fourth quarter valued at approximately $34,000. Finally, McClarren Financial Advisors Inc. raised its position 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 buying an additional 158 shares during the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Trading Up 0.7 %

NYSE BA traded up $1.39 during trading hours on Tuesday, reaching $186.82. 4,778,421 shares of the company traded hands, compared to its average volume of 8,104,661. The company has a 50 day moving average of $181.76 and a two-hundred day moving average of $187.75. The Boeing Company has a 12 month low of $159.70 and a 12 month high of $267.54. The stock has a market capitalization of $114.69 billion, a PE ratio of -52.63 and a beta of 1.56.

Analyst Ratings Changes

BA has been the subject of several research analyst reports. Robert W. Baird dropped their price target on shares of Boeing from $300.00 to $240.00 and set an “outperform” rating for the company in a research report on Monday, June 3rd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $225.00 price target on shares of Boeing in a research report on Tuesday, June 25th. UBS Group dropped their price target on shares of Boeing from $250.00 to $240.00 and set a “buy” rating for the company in a research report on Friday, June 7th. Sanford C. Bernstein dropped their price objective on shares of Boeing from $230.00 to $215.00 and set an “outperform” rating for the company in a research report on Monday, June 3rd. Finally, Melius Research reissued a “hold” rating on shares of Boeing in a research report on Monday, April 1st. Two equities 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 assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $220.89.

About Boeing

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.