The Boeing Company (NYSE:BA) Shares Purchased by Spearhead Capital Advisors LLC

Spearhead Capital Advisors LLC boosted its stake in The Boeing Company (NYSE:BA) by 6.7% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 37,207 shares of the aircraft producer’s stock after purchasing an additional 2,340 shares during the period. The Boeing comprises approximately 1.4% of Spearhead Capital Advisors LLC’s portfolio, making the stock its 17th largest position. Spearhead Capital Advisors LLC’s holdings in The Boeing were worth $9,477,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. RBA Wealth Management LLC acquired a new position in shares of The Boeing in the first quarter worth $26,000. DB Wealth Management Group LLC acquired a new position in shares of The Boeing in the fourth quarter worth $28,000. Intelligence Driven Advisers LLC purchased a new stake in shares of The Boeing during the 4th quarter worth $209,000. Albion Financial Group UT purchased a new stake in shares of The Boeing during the 4th quarter worth $30,000. Finally, Cowa LLC purchased a new stake in shares of The Boeing during the 4th quarter worth $32,000. Institutional investors and hedge funds own 51.41% of the company’s stock.

Shares of The Boeing stock traded down $5.97 on Tuesday, reaching $229.22. 248,811 shares of the stock were exchanged, compared to its average volume of 15,557,191. The Boeing Company has a 1-year low of $113.89 and a 1-year high of $278.57. The business has a fifty day moving average price of $248.23 and a two-hundred day moving average price of $215.96. The firm has a market capitalization of $134.05 billion, a PE ratio of -29.81, a PEG ratio of 101.91 and a beta of 1.65.

The Boeing (NYSE:BA) last issued its earnings results on Tuesday, April 27th. The aircraft producer reported ($1.53) earnings per share for the quarter, missing the consensus estimate of ($1.17) by ($0.36). The business had revenue of $15.22 billion for the quarter, compared to the consensus estimate of $15.95 billion. During the same quarter in the prior year, the firm earned ($1.70) EPS. The company’s revenue for the quarter was down 10.0% compared to the same quarter last year. On average, sell-side analysts anticipate that The Boeing Company will post -9.39 earnings per share for the current fiscal year.

Several equities research analysts have recently issued reports on the stock. Susquehanna Bancshares lifted their price objective on shares of The Boeing from $250.00 to $300.00 and gave the stock a “positive” rating in a research report on Friday, March 19th. Canaccord Genuity raised shares of The Boeing from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $200.00 to $275.00 in a research report on Thursday, March 11th. Nord/LB cut shares of The Boeing from a “hold” rating to a “sell” rating in a research report on Thursday, January 28th. Susquehanna boosted their price target on shares of The Boeing from $250.00 to $300.00 and gave the company a “positive” rating in a research report on Thursday, March 25th. Finally, Sanford C. Bernstein raised shares of The Boeing from an “underperform” rating to a “market perform” rating and boosted their price target for the company from $196.00 to $229.00 in a research report on Tuesday. Five investment analysts have rated the stock with a sell rating, six have issued a hold rating and fifteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $240.22.

The Boeing Company Profile

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.

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Institutional Ownership by Quarter for The Boeing (NYSE:BA)

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