First Washington CORP Sells 288 Shares of The Boeing Company (NYSE:BA)

First Washington CORP decreased its stake in shares of The Boeing Company (NYSE:BA) by 1.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,956 shares of the aircraft producer’s stock after selling 288 shares during the period. Boeing makes up about 1.7% of First Washington CORP’s investment portfolio, making the stock its 27th largest holding. First Washington CORP’s holdings in Boeing were worth $4,542,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Vermillion & White Wealth Management Group LLC bought a new stake in Boeing during the 4th quarter worth about $26,000. Vima LLC bought a new stake in shares of Boeing during the 4th quarter worth about $34,000. Hobbs Group Advisors LLC acquired a new position in shares of Boeing in the second quarter valued at approximately $34,000. McClarren Financial Advisors Inc. grew its holdings in Boeing by 451.4% in the 1st quarter. McClarren Financial Advisors Inc. now owns 193 shares of the aircraft producer’s stock valued at $37,000 after buying an additional 158 shares in the last quarter. Finally, Accent Capital Management LLC bought a new position in Boeing during the fourth quarter worth about $39,000. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Boeing Price Performance

Shares of BA stock opened at $156.38 on Wednesday. The Boeing Company has a one year low of $154.02 and a one year high of $267.54. The company has a market cap of $96.00 billion, a P/E ratio of -44.05 and a beta of 1.57. The firm has a 50-day moving average of $172.95 and a 200-day moving average of $178.39.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.00) by ($1.90). The company had revenue of $16.87 billion for the quarter, compared to analyst estimates of $17.35 billion. During the same period in the previous year, the business earned ($0.82) EPS. The business’s revenue was down 14.6% compared to the same quarter last year. As a group, research analysts expect that The Boeing Company will post -4.26 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on BA shares. Sanford C. Bernstein dropped their price objective on Boeing from $222.00 to $207.00 and set an “outperform” rating for the company in a report on Monday, August 5th. Wells Fargo & Company reiterated an “underweight” rating and issued a $119.00 target price (down from $185.00) on shares of Boeing in a research report on Tuesday, September 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. Stifel Nicolaus raised their price objective on Boeing from $230.00 to $235.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, Susquehanna reissued a “positive” rating and issued a $230.00 price objective on shares of Boeing in a research report on Wednesday, August 14th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $211.29.

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.