Jacobs & Co. CA Has $11.67 Million Holdings in The Boeing Company (NYSE:BA)

Jacobs & Co. CA grew its holdings in shares of The Boeing Company (NYSE:BAFree Report) by 6.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 60,470 shares of the aircraft producer’s stock after purchasing an additional 3,737 shares during the period. Jacobs & Co. CA’s holdings in Boeing were worth $11,670,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Vermillion & White Wealth Management Group LLC bought a new stake in shares of Boeing during the 4th quarter worth approximately $26,000. Evolution Advisers Inc. bought a new position in Boeing in the 4th quarter valued at approximately $28,000. DiNuzzo Private Wealth Inc. bought a new position in Boeing in the 4th quarter valued at approximately $28,000. Vima LLC bought a new position in Boeing in the 4th quarter valued at approximately $34,000. Finally, Accent Capital Management LLC bought a new position in Boeing in the 4th quarter valued at approximately $39,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on BA. StockNews.com downgraded shares of Boeing from a “hold” rating to a “sell” rating in a research note on Friday, April 26th. Robert W. Baird dropped their price objective on shares of Boeing from $300.00 to $240.00 and set an “outperform” rating for the company in a research note on Monday, June 3rd. UBS Group decreased their price target on shares of Boeing from $250.00 to $240.00 and set a “buy” rating for the company in a research report on Friday, June 7th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Boeing from $240.00 to $225.00 and set a “buy” rating for the company in a research report on Thursday, April 25th. Finally, Barclays decreased their price target on shares of Boeing from $235.00 to $190.00 and set an “equal weight” rating for the company in a research report on Monday, April 22nd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $220.89.

View Our Latest Analysis on Boeing

Boeing Trading Down 2.9 %

NYSE:BA traded down $5.16 during trading hours on Tuesday, reaching $173.94. The company had a trading volume of 2,810,135 shares, compared to its average volume of 8,558,097. The business’s 50-day simple moving average is $177.75 and its two-hundred day simple moving average is $199.98. The Boeing Company has a twelve month low of $159.70 and a twelve month high of $267.54.

Boeing (NYSE:BAGet Free Report) last released its quarterly earnings data on Wednesday, April 24th. The aircraft producer reported ($1.13) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.43) by $0.30. The business had revenue of $16.57 billion during the quarter, compared to the consensus estimate of $17.69 billion. Analysts expect that The Boeing Company will post -1.67 EPS for the current fiscal year.

About Boeing

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding BA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Boeing Company (NYSE:BAFree Report).

Institutional Ownership by Quarter for Boeing (NYSE:BA)

Receive News & Ratings for Boeing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boeing and related companies with MarketBeat.com's FREE daily email newsletter.