The Boeing Company (NYSE:BA) Shares Sold by Oak Harvest Investment Services

Oak Harvest Investment Services lessened its stake in shares of The Boeing Company (NYSE:BA) by 52.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,273 shares of the aircraft producer’s stock after selling 2,514 shares during the quarter. Oak Harvest Investment Services’ holdings in Boeing were worth $439,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in BA. Vermillion & White Wealth Management Group LLC acquired a new position in Boeing in the fourth quarter worth approximately $26,000. Evolution Advisers Inc. acquired a new position in Boeing in the 4th quarter worth approximately $28,000. DiNuzzo Private Wealth Inc. acquired a new position in Boeing in the 4th quarter worth approximately $28,000. Vima LLC acquired a new position in Boeing in the 4th quarter worth approximately $34,000. Finally, Accent Capital Management LLC acquired a new position in Boeing in the 4th quarter worth approximately $39,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Trading Down 0.6 %

BA traded down $1.11 during trading on Thursday, reaching $184.31. 2,764,797 shares of the company’s stock were exchanged, compared to its average volume of 5,659,858. The Boeing Company has a one year low of $159.70 and a one year high of $267.54. The stock has a market capitalization of $113.14 billion, a PE ratio of -51.92 and a beta of 1.56. The firm has a fifty day moving average price of $179.54 and a two-hundred day moving average price of $196.92.

Boeing (NYSE:BA) last posted its earnings results on Wednesday, April 24th. The aircraft producer reported ($1.13) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.43) by $0.30. The business had revenue of $16.57 billion for the quarter, compared to the consensus estimate of $17.69 billion. Sell-side analysts expect that The Boeing Company will post -1.67 earnings per share for the current year.

Wall Street Analyst Weigh In

BA has been the subject of a number of recent analyst reports. Citigroup decreased their price objective on shares of Boeing from $252.00 to $224.00 and set a “buy” rating for the company in a research note on Thursday, April 25th. Northcoast Research cut shares of Boeing from a “neutral” rating to a “sell” rating and set a $140.00 price objective for the company. in a report on Wednesday, April 17th. Susquehanna reiterated a “positive” rating and issued a $230.00 price objective on shares of Boeing in a report on Wednesday, May 15th. JPMorgan Chase & Co. decreased their price target on shares of Boeing from $230.00 to $210.00 and set an “overweight” rating for the company in a report on Friday, April 12th. Finally, Benchmark reaffirmed a “buy” rating and set a $250.00 price objective on shares of Boeing in a research report on Tuesday, March 26th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $220.89.

Boeing 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.