First Foundation Advisors Decreases Stock Position in The Boeing Company (NYSE:BA)

First Foundation Advisors lessened its stake in shares of The Boeing Company (NYSE:BA) by 3.1% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 5,340 shares of the aircraft producer’s stock after selling 173 shares during the period. First Foundation Advisors’ holdings in Boeing were worth $1,031,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Capital Research Global Investors grew its position in 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. Jennison Associates LLC bought a new position in Boeing in the 4th quarter valued at $960,397,000. Wellington Management Group LLP grew its position in Boeing by 563.9% in the 4th quarter. Wellington Management Group LLP now owns 3,439,093 shares of the aircraft producer’s stock valued at $896,434,000 after acquiring an additional 2,921,043 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Boeing by 23.7% in 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 during the last quarter. Finally, Boston Partners grew its position in Boeing by 861.6% in the 4th quarter. Boston Partners now owns 1,804,853 shares of the aircraft producer’s stock valued at $467,338,000 after acquiring an additional 1,617,151 shares during the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Trading Down 0.3 %

Shares of Boeing stock traded down $0.56 on Friday, reaching $179.67. 5,121,317 shares of the stock were exchanged, compared to its average volume of 5,748,541. The Boeing Company has a twelve month low of $159.70 and a twelve month high of $267.54. The business has a 50 day moving average price of $181.49 and a two-hundred day moving average price of $190.43.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, April 24th. The aircraft producer reported ($1.13) earnings per share for the quarter, beating the consensus estimate of ($1.43) by $0.30. The company had revenue of $16.57 billion for the quarter, compared to analysts’ expectations of $17.69 billion. Sell-side analysts anticipate that The Boeing Company will post -2 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have commented on BA shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $225.00 price objective on shares of Boeing in a research report on Tuesday, June 25th. Baird R W upgraded Boeing to a “strong-buy” rating in a research note on Monday, June 3rd. Stifel Nicolaus restated a “buy” rating and set a $240.00 price target on shares of Boeing in a research note on Wednesday, May 15th. Barclays cut their price target on Boeing from $235.00 to $190.00 and set an “equal weight” rating on the stock in a research note on Monday, April 22nd. Finally, JPMorgan Chase & Co. cut their price target on Boeing from $230.00 to $210.00 and set an “overweight” rating on the stock in a research note on Friday, April 12th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Boeing currently has an average rating of “Moderate Buy” and a consensus price target of $220.89.

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.