Vanguard Capital Wealth Advisors Reduces Holdings in The Boeing Company (NYSE:BA)

Vanguard Capital Wealth Advisors lessened its stake in shares of The Boeing Company (NYSE:BA - Free Report) by 24.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,742 shares of the aircraft producer's stock after selling 2,550 shares during the period. Boeing accounts for 1.6% of Vanguard Capital Wealth Advisors' portfolio, making the stock its 11th largest holding. Vanguard Capital Wealth Advisors' holdings in Boeing were worth $1,320,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Blue Zone Wealth Advisors LLC grew its stake in shares of Boeing by 11.6% in the first quarter. Blue Zone Wealth Advisors LLC now owns 24,056 shares of the aircraft producer's stock worth $4,103,000 after acquiring an additional 2,492 shares during the last quarter. Radnor Capital Management LLC acquired a new stake in shares of Boeing in the first quarter worth $882,000. Impact Capital Partners LLC acquired a new stake in shares of Boeing in the first quarter worth $213,000. Horizon Wealth Management LLC grew its stake in shares of Boeing by 24.8% in the first quarter. Horizon Wealth Management LLC now owns 5,397 shares of the aircraft producer's stock worth $920,000 after acquiring an additional 1,073 shares during the last quarter. Finally, First National Corp MA ADV grew its stake in shares of Boeing by 8.2% in the first quarter. First National Corp MA ADV now owns 1,244 shares of the aircraft producer's stock worth $212,000 after acquiring an additional 94 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Bank of America upgraded shares of Boeing from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $185.00 to $260.00 in a research note on Monday, June 2nd. Melius raised Boeing from a "hold" rating to a "buy" rating in a research report on Monday, March 24th. Cowen reaffirmed a "buy" rating on shares of Boeing in a research report on Wednesday, May 7th. Benchmark reduced their target price on Boeing from $250.00 to $215.00 and set a "buy" rating for the company in a research report on Monday, April 21st. Finally, Wall Street Zen cut Boeing from a "hold" rating to a "sell" rating in a research report on Saturday, May 17th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Boeing presently has an average rating of "Moderate Buy" and a consensus price target of $207.85.

Boeing Trading Up 1.0%

BA stock traded up $2.01 during mid-day trading on Friday, reaching $211.03. The company's stock had a trading volume of 6,069,723 shares, compared to its average volume of 9,239,457. The company has a market cap of $159.12 billion, a price-to-earnings ratio of -11.52 and a beta of 1.43. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $215.80. The business's 50 day moving average price is $182.59 and its 200 day moving average price is $174.84.

Boeing (NYSE:BA - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.39) by $0.90. The company had revenue of $19.50 billion for the quarter, compared to analysts' expectations of $19.57 billion. The firm's quarterly revenue was up 17.7% on a year-over-year basis. During the same period in the previous year, the firm earned ($1.13) EPS. As a group, equities analysts expect that The Boeing Company will post -2.58 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Jeffrey S. Shockey sold 3,205 shares of the business's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $202.87, for a total transaction of $650,198.35. Following the sale, the executive vice president now directly owns 20,513 shares in the company, valued at approximately $4,161,472.31. The trade was a 13.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Brendan J. Nelson sold 640 shares of the business's stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $206.28, for a total value of $132,019.20. Following the sale, the senior vice president now owns 13,258 shares in the company, valued at approximately $2,734,860.24. The trade was a 4.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,744 shares of company stock valued at $1,511,370. Insiders own 0.09% of the company's stock.

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.