Keudell Morrison Wealth Management raised its holdings in Boeing Co (NYSE:BA) by 1.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,973 shares of the aircraft producer’s stock after acquiring an additional 76 shares during the quarter. Keudell Morrison Wealth Management’s holdings in Boeing were worth $912,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of BA. Franklin Resources Inc. lifted its stake in Boeing by 4.2% in the fourth quarter. Franklin Resources Inc. now owns 2,677,675 shares of the aircraft producer’s stock valued at $872,278,000 after acquiring an additional 108,300 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Boeing by 13.6% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 836 shares of the aircraft producer’s stock valued at $272,000 after acquiring an additional 100 shares during the last quarter. Americana Partners LLC acquired a new stake in Boeing in the fourth quarter valued at approximately $26,000. Vigilare Wealth Management bought a new position in shares of Boeing in the fourth quarter valued at approximately $311,000. Finally, CSat Investment Advisory L.P. raised its position in shares of Boeing by 18.2% in the fourth quarter. CSat Investment Advisory L.P. now owns 1,349 shares of the aircraft producer’s stock valued at $439,000 after purchasing an additional 208 shares during the period. Hedge funds and other institutional investors own 61.66% of the company’s stock.

Boeing stock traded up $4.31 on Tuesday, hitting $179.96. The company’s stock had a trading volume of 38,075,411 shares, compared to its average volume of 51,938,276. The firm has a market cap of $101.73 billion, a P/E ratio of -29.72 and a beta of 1.47. The company has a fifty day moving average price of $178.68 and a 200-day moving average price of $218.05. Boeing Co has a one year low of $89.00 and a one year high of $391.00.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, April 29th. The aircraft producer reported ($1.70) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($2.04) by $0.34. The firm had revenue of $16.91 billion for the quarter, compared to analyst estimates of $16.90 billion. Boeing had a negative net margin of 4.84% and a negative return on equity of 3.08%. The business’s revenue for the quarter was down 26.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.16 EPS. On average, analysts predict that Boeing Co will post -6.1 EPS for the current fiscal year.

A number of equities analysts have recently commented on BA shares. Royal Bank of Canada set a $164.00 price target on shares of Boeing and gave the company a “buy” rating in a research report on Tuesday, May 26th. Barclays reissued a “neutral” rating and issued a $125.00 price target on shares of Boeing in a research report on Friday, May 1st. Seaport Global Securities started coverage on shares of Boeing in a research report on Monday, June 8th. They issued a “buy” rating and a $277.00 price target on the stock. Credit Suisse Group dropped their price target on shares of Boeing from $367.00 to $187.00 and set a “neutral” rating on the stock in a research report on Friday, March 27th. Finally, Norddeutsche Landesbank lowered shares of Boeing to a “sell” rating and set a $110.00 price target on the stock. in a research report on Tuesday, May 5th. Five investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and nine have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus 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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