Pitcairn Co. Has $510,000 Holdings in The Boeing Company (NYSE:BA)

Pitcairn Co. increased its stake in The Boeing Company (NYSE:BA) by 25.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,645 shares of the aircraft producer’s stock after buying an additional 530 shares during the quarter. Pitcairn Co.’s holdings in Boeing were worth $510,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Benchmark Financial Wealth Advisors LLC boosted its holdings in shares of Boeing by 2.7% in the 4th quarter. Benchmark Financial Wealth Advisors LLC now owns 1,785 shares of the aircraft producer’s stock valued at $465,000 after buying an additional 47 shares during the last quarter. SouthState Corp raised its stake in Boeing by 2.7% in the 4th quarter. SouthState Corp now owns 1,891 shares of the aircraft producer’s stock valued at $493,000 after acquiring an additional 50 shares during the period. JFS Wealth Advisors LLC raised its stake in Boeing by 2.0% in the 4th quarter. JFS Wealth Advisors LLC now owns 2,536 shares of the aircraft producer’s stock valued at $661,000 after acquiring an additional 50 shares during the period. EverSource Wealth Advisors LLC raised its stake in Boeing by 1.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 4,198 shares of the aircraft producer’s stock valued at $1,094,000 after acquiring an additional 50 shares during the period. Finally, Hengehold Capital Management LLC raised its stake in Boeing by 3.8% in the 4th quarter. Hengehold Capital Management LLC now owns 1,395 shares of the aircraft producer’s stock valued at $364,000 after acquiring an additional 51 shares during the period. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Stock Performance

Shares of NYSE BA opened at $184.35 on Friday. The Boeing Company has a 52 week low of $159.70 and a 52 week high of $267.54. The stock’s fifty day moving average is $181.70 and its 200 day moving average is $189.05.

Boeing (NYSE:BA) last announced 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 the consensus estimate of $17.69 billion. On average, analysts predict that The Boeing Company will post -2.27 earnings per share for the current fiscal year.

Analysts Set New Price Targets

BA has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $225.00 price target on shares of Boeing in a research note on Tuesday, June 25th. Baird R W upgraded Boeing to a “strong-buy” rating in a research note on Monday, June 3rd. UBS Group lowered their price objective on Boeing from $250.00 to $240.00 and set a “buy” rating on the stock in a research report on Friday, June 7th. Sanford C. Bernstein lowered their price objective on Boeing from $230.00 to $215.00 and set an “outperform” rating on the stock in a research report on Monday, June 3rd. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $240.00 price objective on shares of Boeing in a research report on Wednesday, May 15th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average 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.