Total Investment Management Inc. Has $320,000 Stake in The Boeing Company (NYSE:BA)

Total Investment Management Inc. lessened its holdings in shares of The Boeing Company (NYSE:BA) by 3.8% during the first quarter, HoldingsChannel.com reports. The firm owned 1,657 shares of the aircraft producer’s stock after selling 65 shares during the quarter. Total Investment Management Inc.’s holdings in Boeing were worth $320,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Vermillion & White Wealth Management Group LLC bought a new stake in Boeing during the fourth quarter worth about $26,000. Evolution Advisers Inc. acquired a new position in shares of Boeing in the 4th quarter valued at approximately $28,000. DiNuzzo Private Wealth Inc. bought a new stake in shares of Boeing during the 4th quarter worth approximately $28,000. Vima LLC acquired a new stake in shares of Boeing during the 4th quarter worth approximately $34,000. Finally, Accent Capital Management LLC bought a new position in Boeing in the fourth quarter valued at approximately $39,000. 64.82% of the stock is owned by institutional investors.

Boeing Price Performance

Shares of BA traded down $0.50 during mid-day trading on Friday, reaching $182.01. 5,899,850 shares of the company were exchanged, compared to its average volume of 5,801,654. The business has a 50 day simple moving average of $178.50 and a two-hundred day simple moving average of $198.77. The Boeing Company has a 52 week low of $159.70 and a 52 week high of $267.54.

Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, April 24th. The aircraft producer reported ($1.13) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.43) by $0.30. The firm had revenue of $16.57 billion during the quarter, compared to analyst estimates of $17.69 billion. As a group, equities research analysts anticipate that The Boeing Company will post -1.67 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. StockNews.com cut Boeing from a “hold” rating to a “sell” rating in a research note on Friday, April 26th. Melius Research restated a “hold” rating on shares of Boeing in a research report on Monday, April 1st. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $225.00 target price on shares of Boeing in a research report on Tuesday. UBS Group lowered their target price on Boeing from $250.00 to $240.00 and set a “buy” rating for the company in a research note on Friday, June 7th. Finally, Sanford C. Bernstein reduced their price target on shares of Boeing from $230.00 to $215.00 and set an “outperform” rating on the stock in a research note on Monday, June 3rd. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $220.89.

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.