The Boeing Company (NYSE:BA) Shares Sold by Ashton Thomas Private Wealth LLC

Ashton Thomas Private Wealth LLC decreased its holdings in The Boeing Company (NYSE:BA) by 13.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 14,125 shares of the aircraft producer’s stock after selling 2,208 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in Boeing were worth $2,726,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BA. Vanguard Group Inc. increased its holdings in Boeing by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 48,501,954 shares of the aircraft producer’s stock valued at $12,642,519,000 after buying an additional 892,446 shares during the last quarter. Capital Research Global Investors increased its holdings in shares of Boeing by 35.5% in the 4th quarter. Capital Research Global Investors now owns 16,880,647 shares of the aircraft producer’s stock valued at $4,400,109,000 after acquiring an additional 4,425,964 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Boeing by 23.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,823,006 shares of the aircraft producer’s stock valued at $2,560,466,000 after acquiring an additional 1,884,850 shares in the last quarter. Morgan Stanley increased its stake in Boeing by 1.1% during the third quarter. Morgan Stanley now owns 8,362,267 shares of the aircraft producer’s stock valued at $1,602,880,000 after purchasing an additional 91,801 shares during the last quarter. Finally, Northern Trust Corp lifted its position in shares of Boeing by 1.1% in the 4th quarter. Northern Trust Corp now owns 5,003,262 shares of the aircraft producer’s stock worth $1,304,150,000 after buying an additional 52,081 shares during the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on BA. Melius reaffirmed a “hold” rating on shares of Boeing in a research report on Monday, April 1st. Bank of America increased their price target on Boeing from $180.00 to $200.00 and gave the stock a “neutral” rating in a research report on Thursday, June 13th. Sanford C. Bernstein reduced their price objective on Boeing from $230.00 to $215.00 and set an “outperform” rating for the company in a research report on Monday, June 3rd. Barclays dropped their target price on Boeing from $235.00 to $190.00 and set an “equal weight” rating on the stock in a research report on Monday, April 22nd. Finally, Citigroup reduced their price target on shares of Boeing from $252.00 to $224.00 and set a “buy” rating for the company in a report on Thursday, April 25th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Boeing presently has an average rating of “Moderate Buy” and a consensus target price of $220.89.

Boeing Stock Performance

BA traded up $0.70 during trading on Friday, reaching $185.01. The company had a trading volume of 1,246,217 shares, compared to its average volume of 8,423,055. The Boeing Company has a 12-month low of $159.70 and a 12-month high of $267.54. The company has a market cap of $113.57 billion, a price-to-earnings ratio of -51.79 and a beta of 1.56. The firm’s 50-day simple moving average is $179.89 and its 200 day simple moving average is $196.83.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, April 24th. The aircraft producer reported ($1.13) earnings per share for the quarter, topping the consensus estimate of ($1.43) by $0.30. The firm had revenue of $16.57 billion for the quarter, compared to analysts’ expectations of $17.69 billion. On average, sell-side 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.