Richardson Capital Management LLC Buys 270 Shares of The Boeing Company (NYSE:BA)

Richardson Capital Management LLC increased its position in shares of The Boeing Company (NYSE:BA) by 5,400.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 275 shares of the aircraft producer’s stock after acquiring an additional 270 shares during the quarter. Richardson Capital Management LLC’s holdings in Boeing were worth $53,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Bank of Nova Scotia boosted its stake in Boeing by 186.1% in the 3rd quarter. Bank of Nova Scotia now owns 131,349 shares of the aircraft producer’s stock worth $25,177,000 after purchasing an additional 85,437 shares during the period. Morningstar Investment Services LLC acquired a new stake in shares of Boeing in the third quarter valued at approximately $216,000. CWA Asset Management Group LLC lifted its position in shares of Boeing by 41.3% in the third quarter. CWA Asset Management Group LLC now owns 1,645 shares of the aircraft producer’s stock worth $315,000 after purchasing an additional 481 shares in the last quarter. Sherbrooke Park Advisers LLC acquired a new position in Boeing during the third quarter worth $1,049,000. Finally, Ironwood Investment Counsel LLC increased its stake in Boeing by 5.2% in the 3rd quarter. Ironwood Investment Counsel LLC now owns 2,642 shares of the aircraft producer’s stock valued at $506,000 after buying an additional 131 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on BA. StockNews.com downgraded Boeing from a “hold” rating to a “sell” rating in a research report on Friday, April 26th. Benchmark reiterated a “buy” rating and issued a $250.00 target price on shares of Boeing in a research note on Tuesday, March 26th. Stifel Nicolaus reiterated a “buy” rating and set a $240.00 target price on shares of Boeing in a research note on Wednesday, May 15th. Melius restated a “hold” rating on shares of Boeing in a report on Monday, April 1st. Finally, Barclays decreased their price objective on Boeing from $235.00 to $190.00 and set an “equal weight” rating on the stock in a report on Monday, April 22nd. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $220.89.

Boeing Stock Down 0.3 %

Boeing stock traded down $0.50 during mid-day trading on Friday, hitting $182.01. 5,899,850 shares of the stock were exchanged, compared to its average volume of 5,801,654. The firm’s fifty day simple moving average is $178.50 and its two-hundred day simple moving average is $198.42. The Boeing Company has a 12 month low of $159.70 and a 12 month high of $267.54. The stock has a market capitalization of $111.73 billion, a price-to-earnings ratio of -51.27 and a beta of 1.55.

Boeing (NYSE:BA) last announced its earnings results on Wednesday, April 24th. The aircraft producer reported ($1.13) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.43) by $0.30. The firm had revenue of $16.57 billion for the quarter, compared to the consensus estimate of $17.69 billion. As a group, analysts forecast that The Boeing Company will post -1.67 earnings per share for the current fiscal 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.