The Boeing Company (NYSE:BA) Position Increased by InTrack Investment Management Inc

InTrack Investment Management Inc raised its stake in The Boeing Company (NYSE:BA) by 61.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,038 shares of the aircraft producer’s stock after buying an additional 1,920 shares during the period. InTrack Investment Management Inc’s holdings in Boeing were worth $972,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Trust Co. of Vermont raised its position in shares of Boeing by 1.0% in the 3rd quarter. Trust Co. of Vermont now owns 4,389 shares of the aircraft producer’s stock valued at $841,000 after buying an additional 45 shares in the last quarter. Benchmark Financial Wealth Advisors LLC lifted its stake in Boeing by 2.7% during the fourth quarter. Benchmark Financial Wealth Advisors LLC now owns 1,785 shares of the aircraft producer’s stock worth $465,000 after purchasing an additional 47 shares during the last quarter. WealthPlan Investment Management LLC increased its stake in shares of Boeing by 1.0% in the 4th quarter. WealthPlan Investment Management LLC now owns 4,716 shares of the aircraft producer’s stock valued at $1,229,000 after purchasing an additional 49 shares during the last quarter. RB Capital Management LLC raised its holdings in shares of Boeing by 2.7% during the 3rd quarter. RB Capital Management LLC now owns 1,893 shares of the aircraft producer’s stock worth $363,000 after buying an additional 50 shares in the last quarter. Finally, M&R Capital Management Inc. raised its holdings in shares of Boeing by 35.0% during the 4th quarter. M&R Capital Management Inc. now owns 193 shares of the aircraft producer’s stock worth $50,000 after buying an additional 50 shares in 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 analysts have issued reports on BA shares. Melius reiterated a “hold” rating on shares of Boeing in a research report on Monday, April 1st. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $225.00 price objective on shares of Boeing in a research report on Tuesday, June 25th. Argus lowered shares of Boeing from a “buy” rating to a “hold” rating in a research report on Tuesday, April 30th. Royal Bank of Canada lowered their price target on shares of Boeing from $225.00 to $215.00 and set an “outperform” rating for the company in a report on Tuesday, April 16th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $240.00 price objective on shares of Boeing in a report on Wednesday, May 15th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Boeing has a consensus rating of “Moderate Buy” and a consensus target price of $220.89.

Boeing Stock Down 0.7 %

BA traded down $1.28 during midday trading on Tuesday, hitting $185.42. The company had a trading volume of 4,109,621 shares, compared to its average volume of 8,525,656. The stock’s 50 day moving average price is $178.82 and its 200 day moving average price is $197.56. The Boeing Company has a 52 week low of $159.70 and a 52 week high of $267.54. The company has a market capitalization of $113.83 billion, a price-to-earnings ratio of -52.32 and a beta of 1.56.

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

Boeing Profile

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.