Transcendent Capital Group LLC Increases Holdings in The Boeing Company (NYSE:BA)

Transcendent Capital Group LLC grew its holdings in shares of The Boeing Company (NYSE:BA) by 46.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 365 shares of the aircraft producer’s stock after buying an additional 115 shares during the quarter. Transcendent Capital Group LLC’s holdings in Boeing were worth $70,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Vermillion & White Wealth Management Group LLC bought a new position in Boeing during the 4th quarter valued at about $26,000. Evolution Advisers Inc. bought a new position in Boeing in the 4th quarter worth about $28,000. DiNuzzo Private Wealth Inc. bought a new position in Boeing in the 4th quarter worth about $28,000. Vima LLC bought a new position in Boeing in the 4th quarter worth about $34,000. Finally, McClarren Financial Advisors Inc. grew its stake in Boeing by 451.4% in the 1st quarter. McClarren Financial Advisors Inc. now owns 193 shares of the aircraft producer’s stock worth $37,000 after acquiring an additional 158 shares in the last quarter. 64.82% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on BA. Bank of America upped their target price on shares of Boeing from $180.00 to $200.00 and gave the stock a “neutral” rating in a research note on Thursday, June 13th. Northcoast Research downgraded shares of Boeing from a “neutral” rating to a “sell” rating and set a $140.00 target price on the stock. in a research note on Wednesday, April 17th. UBS Group dropped their target price on shares of Boeing from $250.00 to $240.00 and set a “buy” rating on the stock in a research note on Friday, June 7th. Morgan Stanley lowered their price target on shares of Boeing from $235.00 to $180.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 10th. Finally, Citigroup lowered their price target on shares of Boeing from $252.00 to $224.00 and set a “buy” rating for the company in a research report on Thursday, April 25th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $220.89.

Boeing Stock Down 0.7 %

Shares of NYSE:BA traded down $1.37 during midday trading on Monday, reaching $185.52. The company’s stock had a trading volume of 3,606,724 shares, compared to its average volume of 8,127,786. The firm has a market capitalization of $113.89 billion, a PE ratio of -52.26 and a beta of 1.56. The Boeing Company has a twelve month low of $159.70 and a twelve month high of $267.54. The stock has a fifty day moving average of $181.74 and a 200 day moving average of $188.23.

Boeing 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.