Brookstone Capital Management Grows Stock Holdings in The Boeing Company (NYSE:BA)

Brookstone Capital Management raised its holdings in The Boeing Company (NYSE:BAGet Rating) by 3.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,792 shares of the aircraft producer’s stock after purchasing an additional 771 shares during the period. Brookstone Capital Management’s holdings in Boeing were worth $3,639,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in BA. Blue Bell Private Wealth Management LLC acquired a new position in shares of Boeing in the fourth quarter valued at approximately $27,000. Strategic Asset Management LLC increased its position in shares of Boeing by 102.9% in the fourth quarter. Strategic Asset Management LLC now owns 138 shares of the aircraft producer’s stock worth $28,000 after acquiring an additional 70 shares in the last quarter. CarsonAllaria Wealth Management Ltd. bought a new position in Boeing during the 4th quarter valued at $28,000. Global Trust Asset Management LLC increased its holdings in shares of Boeing by 1,427.3% in the 4th quarter. Global Trust Asset Management LLC now owns 168 shares of the aircraft producer’s stock worth $34,000 after acquiring an additional 157 shares during the period. Finally, AHL Investment Management Inc. acquired a new stake in shares of Boeing in the 4th quarter worth about $39,000. 53.96% of the stock is currently owned by institutional investors.

BA opened at $137.16 on Thursday. The Boeing Company has a fifty-two week low of $113.02 and a fifty-two week high of $252.30. The firm’s fifty day moving average price is $142.76 and its two-hundred day moving average price is $179.63. The company has a market capitalization of $81.15 billion, a P/E ratio of -16.59 and a beta of 1.48.

Boeing (NYSE:BAGet Rating) last posted its quarterly earnings results on Wednesday, April 27th. The aircraft producer reported ($2.75) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.26) by ($2.49). The business had revenue of $13.99 billion for the quarter, compared to analysts’ expectations of $15.90 billion. During the same quarter in the prior year, the company earned ($1.53) EPS. Boeing’s quarterly revenue was down 8.1% on a year-over-year basis. On average, analysts forecast that The Boeing Company will post -0.81 earnings per share for the current fiscal year.

BA has been the subject of several research reports. Susquehanna decreased their price target on shares of Boeing from $193.00 to $192.00 in a report on Friday, May 20th. Langenberg & Company began coverage on shares of Boeing in a research report on Wednesday, March 9th. They issued a “buy” rating on the stock. Morgan Stanley dropped their price target on shares of Boeing from $288.00 to $230.00 and set an “overweight” rating on the stock in a research report on Friday, April 8th. Cowen dropped their price target on shares of Boeing from $265.00 to $230.00 and set an “outperform” rating on the stock in a research report on Monday, March 7th. Finally, JPMorgan Chase & Co. set a $190.00 price target on shares of Boeing in a research report on Tuesday, May 24th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Boeing has an average rating of “Moderate Buy” and a consensus price target of $225.83.

Boeing Company Profile (Get Rating)

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 through 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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