Ironwood Financial llc lifted its position in The Boeing Company (NYSE:BA) by 7.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,017 shares of the aircraft producer’s stock after purchasing an additional 138 shares during the quarter. Ironwood Financial llc’s holdings in The Boeing were worth $514,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Meeder Asset Management Inc. grew its holdings in shares of The Boeing by 37.1% in the first quarter. Meeder Asset Management Inc. now owns 4,373 shares of the aircraft producer’s stock valued at $1,114,000 after purchasing an additional 1,184 shares during the period. Regent Peak Wealth Advisors LLC boosted its stake in The Boeing by 6.9% during the first quarter. Regent Peak Wealth Advisors LLC now owns 1,278 shares of the aircraft producer’s stock worth $325,000 after buying an additional 82 shares during the period. JustInvest LLC lifted its position in shares of The Boeing by 42.8% during the first quarter. JustInvest LLC now owns 6,064 shares of the aircraft producer’s stock worth $1,545,000 after purchasing an additional 1,817 shares in the last quarter. Wedgewood Investors Inc. PA lifted its position in shares of The Boeing by 3.4% during the first quarter. Wedgewood Investors Inc. PA now owns 2,410 shares of the aircraft producer’s stock worth $614,000 after purchasing an additional 80 shares in the last quarter. Finally, Carlton Hofferkamp & Jenks Wealth Management LLC increased its stake in The Boeing by 7.6% in the first quarter. Carlton Hofferkamp & Jenks Wealth Management LLC now owns 6,984 shares of the aircraft producer’s stock valued at $1,693,000 after purchasing an additional 493 shares during the last quarter. 51.41% of the stock is owned by hedge funds and other institutional investors.

BA traded down $7.35 during midday trading on Tuesday, hitting $227.84. The company’s stock had a trading volume of 400,620 shares, compared to its average volume of 15,557,191. The firm has a market cap of $133.24 billion, a P/E ratio of -29.81, a PEG ratio of 101.91 and a beta of 1.65. The firm has a 50-day moving average price of $248.23 and a two-hundred day moving average price of $215.96. The Boeing Company has a 52-week low of $113.89 and a 52-week high of $278.57.

The Boeing (NYSE:BA) last posted its quarterly earnings results on Tuesday, April 27th. The aircraft producer reported ($1.53) EPS for the quarter, missing the consensus estimate of ($1.17) by ($0.36). The business had revenue of $15.22 billion during the quarter, compared to the consensus estimate of $15.95 billion. During the same period last year, the business earned ($1.70) EPS. The Boeing’s revenue for the quarter was down 10.0% compared to the same quarter last year. On average, sell-side analysts forecast that The Boeing Company will post -9.39 earnings per share for the current fiscal year.

A number of brokerages have recently issued reports on BA. Susquehanna raised their target price on shares of The Boeing from $250.00 to $300.00 and gave the stock a “positive” rating in a research report on Thursday, March 25th. Royal Bank of Canada set a $307.00 price target on The Boeing and gave the stock a “buy” rating in a research note on Monday, January 4th. Nord/LB downgraded The Boeing from a “hold” rating to a “sell” rating in a research note on Thursday, January 28th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $305.00 price target on shares of The Boeing in a research note on Wednesday, April 14th. Finally, Zacks Investment Research downgraded The Boeing from a “hold” rating to a “sell” rating and set a $215.00 price target for the company. in a research note on Tuesday, January 5th. Five research analysts have rated the stock with a sell rating, six have assigned a hold rating and fifteen have given a buy rating to the company’s stock. The Boeing has a consensus rating of “Hold” and an average target price of $240.22.

About The Boeing

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.

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Institutional Ownership by Quarter for The Boeing (NYSE:BA)

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