Boeing Co (NYSE:BA) Shares Sold by InterOcean Capital LLC

InterOcean Capital LLC cut its holdings in Boeing Co (NYSE:BA) by 92.2% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,150 shares of the aircraft producer’s stock after selling 49,277 shares during the period. InterOcean Capital LLC’s holdings in Boeing were worth $619,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Tredje AP fonden raised its position in shares of Boeing by 16.0% during the 1st quarter. Tredje AP fonden now owns 37,789 shares of the aircraft producer’s stock worth $4,845,000 after purchasing an additional 5,224 shares during the last quarter. Nicholas Hoffman & Company LLC. grew its holdings in Boeing by 7.5% during the 1st quarter. Nicholas Hoffman & Company LLC. now owns 1,570 shares of the aircraft producer’s stock valued at $234,000 after buying an additional 109 shares during the last quarter. Bedel Financial Consulting Inc. increased its position in Boeing by 92.9% during the first quarter. Bedel Financial Consulting Inc. now owns 1,555 shares of the aircraft producer’s stock worth $232,000 after buying an additional 749 shares in the last quarter. National Asset Management Inc. raised its holdings in shares of Boeing by 2.2% in the first quarter. National Asset Management Inc. now owns 17,181 shares of the aircraft producer’s stock worth $2,563,000 after acquiring an additional 371 shares during the last quarter. Finally, Staley Capital Advisers Inc. purchased a new stake in shares of Boeing in the first quarter valued at $22,142,000. 65.59% of the stock is currently owned by hedge funds and other institutional investors.

NYSE BA traded down $1.47 during mid-day trading on Friday, hitting $137.53. The company’s stock had a trading volume of 21,072,749 shares, compared to its average volume of 33,287,024. The firm has a market capitalization of $78.44 billion, a P/E ratio of -22.69 and a beta of 1.45. Boeing Co has a 52-week low of $89.00 and a 52-week high of $391.00. The stock’s fifty day simple moving average is $135.22 and its two-hundred day simple moving average is $264.07.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, April 29th. The aircraft producer reported ($1.70) EPS for the quarter, beating the Zacks’ consensus estimate of ($2.04) by $0.34. Boeing had a negative net margin of 4.84% and a negative return on equity of 3.08%. The business had revenue of $16.91 billion for the quarter, compared to the consensus estimate of $16.90 billion. During the same quarter last year, the firm posted $3.16 EPS. The business’s revenue for the quarter was down 26.2% compared to the same quarter last year. As a group, research analysts anticipate that Boeing Co will post -5.05 earnings per share for the current year.

Several research analysts recently weighed in on BA shares. UBS Group cut their target price on shares of Boeing from $284.00 to $150.00 and set a “neutral” rating for the company in a research note on Wednesday, April 8th. Citigroup lowered shares of Boeing from a “buy” rating to a “neutral” rating and set a $175.00 price objective for the company. in a research report on Monday, April 20th. Royal Bank of Canada initiated coverage on shares of Boeing in a research note on Wednesday. They set an “outperform” rating and a $164.00 price objective on the stock. Cowen reaffirmed a “hold” rating and issued a $150.00 target price on shares of Boeing in a research note on Tuesday, May 12th. Finally, Jefferies Financial Group reissued a “buy” rating and set a $185.00 price target on shares of Boeing in a research note on Tuesday, March 24th. Four research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $231.04.

Boeing Company Profile

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates in four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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