The Boeing Company (NYSE:BA) Shares Sold by Vanguard Capital Wealth Advisors

Vanguard Capital Wealth Advisors cut its stake in shares of The Boeing Company (NYSE:BA) by 1.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,440 shares of the aircraft producer’s stock after selling 181 shares during the quarter. Boeing makes up approximately 1.2% of Vanguard Capital Wealth Advisors’ portfolio, making the stock its 15th biggest position. Vanguard Capital Wealth Advisors’ holdings in Boeing were worth $1,718,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in BA. EverSource Wealth Advisors LLC grew its position in Boeing by 1.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 4,198 shares of the aircraft producer’s stock valued at $1,094,000 after acquiring an additional 50 shares during the period. Davis R M Inc. grew its holdings in shares of Boeing by 1.8% during the 4th quarter. Davis R M Inc. now owns 2,943 shares of the aircraft producer’s stock worth $767,000 after purchasing an additional 52 shares during the period. Westpac Banking Corp increased its position in Boeing by 1.6% during the 4th quarter. Westpac Banking Corp now owns 3,336 shares of the aircraft producer’s stock worth $870,000 after purchasing an additional 54 shares in the last quarter. Chicago Partners Investment Group LLC lifted its position in Boeing by 0.4% during the fourth quarter. Chicago Partners Investment Group LLC now owns 14,941 shares of the aircraft producer’s stock valued at $3,895,000 after buying an additional 56 shares in the last quarter. Finally, Madison Park Capital Advisors LLC lifted its position in Boeing by 4.9% during the second quarter. Madison Park Capital Advisors LLC now owns 1,204 shares of the aircraft producer’s stock valued at $219,000 after buying an additional 56 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Price Performance

Boeing stock opened at $161.27 on Thursday. The company has a fifty day moving average price of $175.09 and a two-hundred day moving average price of $179.81. The Boeing Company has a 12 month low of $156.10 and a 12 month high of $267.54. The company has a market cap of $99.00 billion, a PE ratio of -45.43 and a beta of 1.57.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, July 31st. The aircraft producer reported ($2.90) EPS for the quarter, missing analysts’ consensus estimates of ($1.00) by ($1.90). The business had revenue of $16.87 billion during the quarter, compared to the consensus estimate of $17.35 billion. The firm’s revenue for the quarter was down 14.6% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.82) EPS. Equities research analysts anticipate that The Boeing Company will post -4.26 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on BA. Sanford C. Bernstein reduced their target price on shares of Boeing from $222.00 to $207.00 and set an “outperform” rating on the stock in a report on Monday, August 5th. Bank of America upped their target price on Boeing from $180.00 to $200.00 and gave the stock a “neutral” rating in a research report on Thursday, June 13th. Stifel Nicolaus raised their target price on Boeing from $230.00 to $235.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Wells Fargo & Company reaffirmed an “underweight” rating and issued a $119.00 price objective (down previously from $185.00) on shares of Boeing in a research report on Tuesday, September 3rd. Finally, Robert W. Baird lowered their price target on shares of Boeing from $300.00 to $240.00 and set an “outperform” rating for the company in a report on Monday, June 3rd. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Boeing presently has an average rating of “Moderate Buy” and a consensus price target of $211.29.

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.