Guggenheim Capital LLC cut its position in shares of Boeing Co (NYSE:BA) by 23.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 72,978 shares of the aircraft producer’s stock after selling 22,872 shares during the quarter. Guggenheim Capital LLC’s holdings in Boeing were worth $10,884,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Formidable Asset Management LLC boosted its stake in shares of Boeing by 47.3% during the 1st quarter. Formidable Asset Management LLC now owns 6,267 shares of the aircraft producer’s stock worth $935,000 after acquiring an additional 2,011 shares in the last quarter. Optimal Asset Management Inc. boosted its stake in shares of Boeing by 49.1% during the 1st quarter. Optimal Asset Management Inc. now owns 4,407 shares of the aircraft producer’s stock worth $657,000 after acquiring an additional 1,451 shares in the last quarter. Tredje AP fonden boosted its stake in shares of Boeing by 16.0% during the 1st quarter. Tredje AP fonden now owns 37,789 shares of the aircraft producer’s stock worth $5,636,000 after acquiring an additional 5,224 shares in the last quarter. Rainier Group Investment Advisory LLC boosted its stake in shares of Boeing by 23.8% during the 1st quarter. Rainier Group Investment Advisory LLC now owns 1,902 shares of the aircraft producer’s stock worth $284,000 after acquiring an additional 366 shares in the last quarter. Finally, Coldstream Capital Management Inc. boosted its stake in shares of Boeing by 5.1% during the 1st quarter. Coldstream Capital Management Inc. now owns 32,536 shares of the aircraft producer’s stock worth $4,852,000 after acquiring an additional 1,570 shares in the last quarter. Institutional investors own 61.88% of the company’s stock.

BA traded down $5.38 during trading on Friday, reaching $169.50. 19,808,243 shares of the stock traded hands, compared to its average volume of 64,089,128. The stock has a market cap of $96.75 billion, a price-to-earnings ratio of -27.91 and a beta of 1.44. Boeing Co has a fifty-two week low of $89.00 and a fifty-two week high of $391.00. The stock’s 50-day simple moving average is $160.69 and its two-hundred day simple moving average is $232.54.

Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, April 29th. The aircraft producer reported ($1.70) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($2.04) by $0.34. Boeing had a negative return on equity of 3.08% and a negative net margin of 4.84%. The firm had revenue of $16.91 billion during the quarter, compared to analysts’ expectations of $16.90 billion. During the same quarter last year, the firm earned $3.16 earnings per share. The business’s revenue for the quarter was down 26.2% on a year-over-year basis. On average, equities research analysts expect that Boeing Co will post -5.65 EPS for the current year.

Several equities research analysts have recently weighed in on the company. Barclays reissued a “neutral” rating and set a $125.00 price objective on shares of Boeing in a research note on Friday, May 1st. Zacks Investment Research lowered Boeing from a “hold” rating to a “sell” rating and set a $146.00 price objective for the company. in a research note on Friday, April 24th. Cowen reissued a “hold” rating on shares of Boeing in a research note on Sunday, June 7th. Cfra raised Boeing to a “buy” rating in a research report on Wednesday, May 27th. Finally, Argus raised Boeing from a “hold” rating to a “buy” rating and set a $220.00 target price for the company in a research report on Friday, March 27th. Five analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and nine have given a buy rating to the stock. Boeing presently has an average rating of “Hold” and an average price target of $228.46.

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 in four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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