Cohen Investment Advisors LLC Buys 751 Shares of The Boeing Company (NYSE:BA)

Cohen Investment Advisors LLC increased its stake in The Boeing Company (NYSE:BA) by 7.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,431 shares of the aircraft producer’s stock after buying an additional 751 shares during the period. Cohen Investment Advisors LLC’s holdings in Boeing were worth $2,013,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of BA. Horizon Bancorp Inc. IN boosted its stake in Boeing by 3.0% during the first quarter. Horizon Bancorp Inc. IN now owns 3,818 shares of the aircraft producer’s stock worth $737,000 after acquiring an additional 111 shares in the last quarter. Willis Johnson & Associates Inc. grew its stake in shares of Boeing by 83.6% in the 1st quarter. Willis Johnson & Associates Inc. now owns 2,211 shares of the aircraft producer’s stock worth $427,000 after buying an additional 1,007 shares during the last quarter. Park Edge Advisors LLC bought a new stake in Boeing in the 1st quarter worth about $428,000. Financial Perspectives Inc raised its position in Boeing by 163.6% in the 1st quarter. Financial Perspectives Inc now owns 464 shares of the aircraft producer’s stock worth $90,000 after buying an additional 288 shares during the last quarter. Finally, Tempus Wealth Planning LLC lifted its stake in Boeing by 3.9% during the 1st quarter. Tempus Wealth Planning LLC now owns 6,444 shares of the aircraft producer’s stock valued at $1,244,000 after acquiring an additional 244 shares during the period. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Boeing Stock Performance

Shares of Boeing stock traded down $1.11 during trading hours on Thursday, hitting $184.31. The company’s stock had a trading volume of 2,764,797 shares, compared to its average volume of 5,659,858. The company has a market cap of $113.14 billion, a PE ratio of -51.92 and a beta of 1.56. The business has a 50 day moving average price of $179.54 and a two-hundred day moving average price of $196.92. The Boeing Company has a 12-month low of $159.70 and a 12-month high of $267.54.

Boeing (NYSE:BA) last posted its 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. As a group, research analysts anticipate that The Boeing Company will post -1.67 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on BA shares. Melius Research reiterated a “hold” rating on shares of Boeing in a research note on Monday, April 1st. Baird R W raised Boeing to a “strong-buy” rating in a report on Monday, June 3rd. JPMorgan Chase & Co. dropped 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. The Goldman Sachs Group reduced their price objective on Boeing from $268.00 to $257.00 and set a “buy” rating for the company in a research report on Monday, March 25th. Finally, TD Cowen dropped their price objective on shares of Boeing from $275.00 to $230.00 and set an “outperform” rating on the stock in a report on Monday, March 25th. Two investment 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. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $220.89.

About Boeing

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.