Tarbox Family Office Inc. Purchases Shares of 5,035 The Boeing Company (NYSE:BA)

Tarbox Family Office Inc. acquired a new stake in shares of The Boeing Company (NYSE:BA) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,035 shares of the aircraft producer’s stock, valued at approximately $972,000.

A number of other large investors have also recently made changes to their positions in the company. 180 Wealth Advisors LLC raised its position in Boeing by 6.4% during the first quarter. 180 Wealth Advisors LLC now owns 15,899 shares of the aircraft producer’s stock worth $3,068,000 after acquiring an additional 963 shares during the period. Pasadena Private Wealth LLC raised its position in shares of Boeing by 3.2% during the 1st quarter. Pasadena Private Wealth LLC now owns 2,134 shares of the aircraft producer’s stock worth $412,000 after acquiring an additional 67 shares in the last quarter. Procyon Advisors LLC increased its holdings in shares of Boeing by 30.9% in the 1st quarter. Procyon Advisors LLC now owns 44,979 shares of the aircraft producer’s stock valued at $8,680,000 after acquiring an additional 10,615 shares during the period. S.A. Mason LLC increased its stake in Boeing by 122.2% in the 1st quarter. S.A. Mason LLC now owns 4,545 shares of the aircraft producer’s stock valued at $877,000 after buying an additional 2,500 shares during the period. Finally, Key Client Fiduciary Advisors LLC lifted its position in shares of Boeing by 31.5% during the 1st quarter. Key Client Fiduciary Advisors LLC now owns 1,839 shares of the aircraft producer’s stock valued at $355,000 after acquiring an additional 440 shares during the period. 64.82% of the stock is owned by hedge funds and other institutional investors.

Boeing Stock Performance

Shares of NYSE BA traded up $0.71 during trading on Friday, hitting $183.22. The company had a trading volume of 1,673,194 shares, compared to its average volume of 8,522,907. The stock has a 50 day simple moving average of $178.00 and a 200 day simple moving average of $199.34. The firm has a market capitalization of $112.48 billion, a P/E ratio of -51.57 and a beta of 1.55. The Boeing Company has a 12 month low of $159.70 and a 12 month high of $267.54.

Boeing (NYSE:BA) last released its earnings results on Wednesday, April 24th. The aircraft producer reported ($1.13) EPS for the quarter, topping the consensus estimate of ($1.43) by $0.30. The company had revenue of $16.57 billion during the quarter, compared to analysts’ expectations of $17.69 billion. As a group, analysts predict that The Boeing Company will post -1.67 EPS for the current year.

Analysts Set New Price Targets

BA has been the subject of several research analyst reports. Citigroup dropped their price target on Boeing from $252.00 to $224.00 and set a “buy” rating for the company in a research note on Thursday, April 25th. StockNews.com lowered Boeing from a “hold” rating to a “sell” rating in a research report on Friday, April 26th. Sanford C. Bernstein dropped their price target on shares of Boeing from $230.00 to $215.00 and set an “outperform” rating on the stock in a research note on Monday, June 3rd. Susquehanna reaffirmed a “positive” rating and set a $230.00 target price on shares of Boeing in a research report on Wednesday, May 15th. Finally, UBS Group dropped their price target on shares of Boeing from $250.00 to $240.00 and set a “buy” rating for the company in a research report on Friday, June 7th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Boeing currently has an average rating of “Moderate Buy” and an average target price of $220.89.

About Boeing

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.