Dearborn Partners LLC Buys 478 Shares of The Boeing Company (NYSE:BA)

Dearborn Partners LLC increased its stake in The Boeing Company (NYSE:BA) by 13.3% in the 1st quarter, HoldingsChannel.com reports. The fund owned 4,065 shares of the aircraft producer’s stock after purchasing an additional 478 shares during the quarter. Dearborn Partners LLC’s holdings in Boeing were worth $785,000 at the end of the most recent quarter.

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

Boeing Stock Performance

NYSE:BA traded down $2.51 during mid-day trading on Thursday, hitting $182.33. 1,878,510 shares of the company’s stock traded hands, compared to its average volume of 8,234,973. The company has a fifty day moving average of $181.49 and a 200 day moving average of $191.50. The Boeing Company has a twelve month low of $159.70 and a twelve month high of $267.54. The company has a market capitalization of $111.93 billion, a P/E ratio of -52.33 and a beta of 1.56.

Boeing (NYSE:BA) last announced its earnings results on Wednesday, April 24th. The aircraft producer reported ($1.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.43) by $0.30. The business had revenue of $16.57 billion for the quarter, compared to analyst estimates of $17.69 billion. On average, research analysts expect that The Boeing Company will post -1.75 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on BA shares. Argus downgraded Boeing from a “buy” rating to a “hold” rating in a research note on Tuesday, April 30th. Benchmark reissued a “buy” rating and set a $250.00 target price on shares of Boeing in a research report on Tuesday, March 26th. The Goldman Sachs Group dropped their price objective on Boeing from $268.00 to $257.00 and set a “buy” rating for the company in a report on Monday, March 25th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $225.00 target price on shares of Boeing in a report on Tuesday, June 25th. Finally, Citigroup lowered their target price on Boeing from $252.00 to $224.00 and set a “buy” rating for the company in a report on Thursday, April 25th. 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 issued a strong buy rating to the stock. Based on data from MarketBeat, Boeing has an average rating of “Moderate Buy” and a consensus price target 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.