The Boeing Company (NYSE:BA) Shares Sold by Romano Brothers AND Company

Romano Brothers AND Company trimmed its stake in shares of The Boeing Company (NYSE:BA) by 0.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,673 shares of the aircraft producer’s stock after selling 65 shares during the quarter. Romano Brothers AND Company’s holdings in Boeing were worth $2,060,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in BA. Strategic Blueprint LLC boosted its stake in shares of Boeing by 8.7% during the 4th quarter. Strategic Blueprint LLC now owns 3,295 shares of the aircraft producer’s stock worth $859,000 after acquiring an additional 264 shares in the last quarter. U.S. Capital Wealth Advisors LLC boosted its position in shares of Boeing by 41.5% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 15,761 shares of the aircraft producer’s stock worth $4,108,000 after buying an additional 4,622 shares during the period. Orca Investment Management LLC grew its holdings in shares of Boeing by 5.5% during the fourth quarter. Orca Investment Management LLC now owns 3,772 shares of the aircraft producer’s stock valued at $983,000 after buying an additional 195 shares in the last quarter. One Charles Private Wealth Services LLC acquired a new position in Boeing during the fourth quarter valued at $205,000. Finally, J.W. Cole Advisors Inc. boosted its position in Boeing by 5.8% during the 4th quarter. J.W. Cole Advisors Inc. now owns 29,133 shares of the aircraft producer’s stock worth $7,594,000 after acquiring an additional 1,596 shares during the period. 64.82% of the stock is owned by institutional investors and hedge funds.

Boeing Price Performance

Shares of Boeing stock traded down $0.50 during midday trading on Friday, hitting $182.01. The company had a trading volume of 5,899,850 shares, compared to its average volume of 5,801,654. The stock has a market cap of $111.73 billion, a PE ratio of -51.27 and a beta of 1.55. The Boeing Company has a 1-year low of $159.70 and a 1-year high of $267.54. The business’s 50 day simple moving average is $178.50 and its two-hundred day simple moving average is $198.42.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, April 24th. The aircraft producer reported ($1.13) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.43) by $0.30. The company had revenue of $16.57 billion for the quarter, compared to the consensus estimate of $17.69 billion. On average, sell-side analysts expect that The Boeing Company will post -1.67 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

BA has been the subject of a number of research analyst reports. Melius reissued a “hold” rating on shares of Boeing in a research report on Monday, April 1st. JPMorgan Chase & Co. cut their price objective on Boeing from $230.00 to $210.00 and set an “overweight” rating for the company in a report on Friday, April 12th. Morgan Stanley lowered their target price on Boeing from $235.00 to $180.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 10th. Royal Bank of Canada reduced their price target on Boeing from $225.00 to $215.00 and set an “outperform” rating for the company in a report on Tuesday, April 16th. Finally, UBS Group dropped their price objective on Boeing from $250.00 to $240.00 and set a “buy” rating on the stock in a report on Friday, June 7th. Two investment 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 MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $220.89.

Boeing Company 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.