Valeo Financial Advisors LLC Sells 1,709 Shares of The Boeing Company (NYSE:BA)

Valeo Financial Advisors LLC decreased its position in The Boeing Company (NYSE:BA) by 3.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 55,892 shares of the aircraft producer’s stock after selling 1,709 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Boeing were worth $10,787,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Vermillion & White Wealth Management Group LLC bought a new position in shares of Boeing in the fourth quarter valued at about $26,000. Evolution Advisers Inc. bought a new position in shares of Boeing in the fourth quarter worth about $28,000. DiNuzzo Private Wealth Inc. acquired a new position in shares of Boeing during the fourth quarter worth approximately $28,000. Vima LLC bought a new stake in shares of Boeing during the fourth quarter valued at approximately $34,000. Finally, Accent Capital Management LLC acquired a new stake in shares of Boeing in the fourth quarter valued at approximately $39,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Stock Performance

NYSE BA traded down $1.11 during trading hours on Wednesday, reaching $184.31. 2,761,145 shares of the company’s stock were exchanged, compared to its average volume of 8,480,278. The company has a market capitalization of $113.14 billion, a price-to-earnings ratio of -51.68 and a beta of 1.56. The company’s 50-day moving average is $179.14 and its two-hundred day moving average is $197.01. The Boeing Company has a one year low of $159.70 and a one year high of $267.54.

Boeing (NYSE:BA) last issued 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 company had revenue of $16.57 billion for the quarter, compared to the consensus estimate of $17.69 billion. Research analysts predict that The Boeing Company will post -1.67 earnings per share for the current fiscal year.

Analysts Set New Price Targets

BA has been the topic of several research reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $225.00 price objective on shares of Boeing in a report on Tuesday, June 25th. Robert W. Baird lowered their price objective on Boeing from $300.00 to $240.00 and set an “outperform” rating for the company in a research report on Monday, June 3rd. Baird R W upgraded shares of Boeing to a “strong-buy” rating in a research report on Monday, June 3rd. Northcoast Research cut shares of Boeing from a “neutral” rating to a “sell” rating and set a $140.00 price target for the company. in a research report on Wednesday, April 17th. Finally, TD Cowen dropped their price target on shares of Boeing from $275.00 to $230.00 and set an “outperform” rating for the company in a research note on Monday, March 25th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $220.89.

Boeing Company 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.