Gradient Capital Advisors LLC Trims Holdings in The Boeing Company (NYSE:BA)

Gradient Capital Advisors LLC reduced its holdings in shares of The Boeing Company (NYSE:BA) by 8.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,737 shares of the aircraft producer’s stock after selling 156 shares during the quarter. Gradient Capital Advisors LLC’s holdings in Boeing were worth $335,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in BA. Vermillion & White Wealth Management Group LLC acquired a new stake in shares of Boeing during the 4th quarter valued at approximately $26,000. Evolution Advisers Inc. acquired a new stake in shares of Boeing during the 4th quarter valued at approximately $28,000. DiNuzzo Private Wealth Inc. acquired a new stake in shares of Boeing during the 4th quarter valued at approximately $28,000. Vima LLC acquired a new stake in shares of Boeing during the 4th quarter valued at approximately $34,000. Finally, Accent Capital Management LLC acquired a new stake in shares of Boeing during the 4th quarter valued at approximately $39,000. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BA has been the topic of several analyst reports. Royal Bank of Canada dropped their target price on Boeing from $225.00 to $215.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 16th. UBS Group dropped their target price on Boeing from $250.00 to $240.00 and set a “buy” rating on the stock in a research report on Friday, June 7th. Argus lowered Boeing from a “buy” rating to a “hold” rating in a research report on Tuesday, April 30th. Benchmark reaffirmed a “buy” rating and issued a $250.00 target price on shares of Boeing in a research report on Tuesday, March 26th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $240.00 price target on shares of Boeing in a report on Wednesday, May 15th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Boeing has a consensus rating of “Moderate Buy” and an average target price of $220.89.

Boeing Stock Performance

Shares of NYSE:BA traded down $0.50 during midday trading on Friday, reaching $182.01. The company had a trading volume of 5,899,850 shares, compared to its average volume of 5,801,654. The Boeing Company has a 1-year low of $159.70 and a 1-year high of $267.54. The firm has a market cap of $111.73 billion, a price-to-earnings ratio of -51.27 and a beta of 1.55. The company has a fifty day simple moving average of $178.50 and a two-hundred day simple moving average of $198.42.

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

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.