Hexagon Capital Partners LLC Sells 563 Shares of The Boeing Company (NYSE:BA)

Hexagon Capital Partners LLC lessened its stake in The Boeing Company (NYSE:BA) by 9.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,476 shares of the aircraft producer’s stock after selling 563 shares during the quarter. Hexagon Capital Partners LLC’s holdings in Boeing were worth $1,057,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of BA. Morningstar Investment Services LLC bought a new stake in Boeing in the 3rd quarter worth about $216,000. CWA Asset Management Group LLC raised its holdings in shares of Boeing by 41.3% during the third quarter. CWA Asset Management Group LLC now owns 1,645 shares of the aircraft producer’s stock valued at $315,000 after purchasing an additional 481 shares during the last quarter. Waverly Advisors LLC lifted its position in Boeing by 1.3% during the third quarter. Waverly Advisors LLC now owns 8,215 shares of the aircraft producer’s stock valued at $1,575,000 after purchasing an additional 104 shares during the period. United Services Automobile Association boosted its holdings in Boeing by 16.9% in the third quarter. United Services Automobile Association now owns 15,199 shares of the aircraft producer’s stock worth $2,913,000 after purchasing an additional 2,197 shares during the last quarter. Finally, Hodges Capital Management Inc. grew its position in Boeing by 7.8% in the 3rd quarter. Hodges Capital Management Inc. now owns 19,870 shares of the aircraft producer’s stock worth $3,809,000 after purchasing an additional 1,432 shares during the period. 64.82% of the stock is owned by hedge funds and other institutional investors.

Boeing Trading Up 2.6 %

BA traded up $4.69 during trading on Monday, hitting $186.70. 8,972,875 shares of the company traded hands, compared to its average volume of 8,560,913. The company has a market cap of $114.61 billion, a PE ratio of -52.74 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 50-day simple moving average is $178.50 and its two-hundred day simple moving average is $198.05.

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, beating analysts’ consensus estimates of ($1.43) by $0.30. The firm had revenue of $16.57 billion for the quarter, compared to analysts’ expectations of $17.69 billion. Equities analysts expect that The Boeing Company will post -1.67 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on BA shares. Citigroup dropped their price target on Boeing from $252.00 to $224.00 and set a “buy” rating on the stock in a research note on Thursday, April 25th. Barclays reduced their price target on shares of Boeing from $235.00 to $190.00 and set an “equal weight” rating for the company in a research report on Monday, April 22nd. StockNews.com downgraded shares of Boeing from a “hold” rating to a “sell” rating in a report on Friday, April 26th. Argus cut shares of Boeing from a “buy” rating to a “hold” rating in a report on Tuesday, April 30th. Finally, Robert W. Baird dropped their price target on shares of Boeing from $300.00 to $240.00 and set an “outperform” rating on the stock in a research note on Monday, June 3rd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $220.89.

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.