Financial Architects Inc decreased its holdings in shares of Boeing Co (NYSE:BA) by 3.3% in the first quarter, HoldingsChannel reports. The firm owned 2,903 shares of the aircraft producer’s stock after selling 99 shares during the quarter. Financial Architects Inc’s holdings in Boeing were worth $433,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Americana Partners LLC bought a new position in Boeing during the 4th quarter valued at approximately $26,000. Cordasco Financial Network bought a new position in Boeing during the 1st quarter valued at approximately $26,000. MBE Wealth Management LLC bought a new position in Boeing during the 1st quarter valued at approximately $26,000. Marquette Asset Management LLC raised its position in Boeing by 316.7% during the 1st quarter. Marquette Asset Management LLC now owns 200 shares of the aircraft producer’s stock valued at $30,000 after purchasing an additional 152 shares during the last quarter. Finally, Rocky Mountain Advisers LLC raised its position in Boeing by 100.0% during the 1st quarter. Rocky Mountain Advisers LLC now owns 200 shares of the aircraft producer’s stock valued at $30,000 after purchasing an additional 100 shares during the last quarter. 67.73% of the stock is owned by institutional investors and hedge funds.

A number of research analysts have weighed in on the company. Zacks Investment Research downgraded Boeing from a “hold” rating to a “sell” rating and set a $146.00 target price on the stock. in a report on Friday, April 24th. Argus upgraded Boeing from a “hold” rating to a “buy” rating and set a $220.00 target price on the stock in a report on Friday, March 27th. Buckingham Research upped their target price on Boeing from $308.00 to $350.00 and gave the stock a “neutral” rating in a report on Wednesday, February 5th. Vertical Research downgraded Boeing from a “buy” rating to a “hold” rating and reduced their target price for the stock from $388.00 to $294.00 in a report on Wednesday, January 22nd. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $185.00 target price on shares of Boeing in a report on Tuesday, March 24th. Four research analysts have rated the stock with a sell rating, fifteen have given a hold rating and six have assigned a buy rating to the company. Boeing presently has a consensus rating of “Hold” and a consensus price target of $234.83.

BA stock traded down $2.52 during midday trading on Friday, hitting $120.00. The company’s stock had a trading volume of 26,737,739 shares, compared to its average volume of 23,110,102. The company has a market cap of $67.72 billion, a PE ratio of -19.80 and a beta of 1.45. Boeing Co has a 12 month low of $89.00 and a 12 month high of $391.00. The firm’s 50-day moving average is $139.10 and its 200-day moving average is $271.54.

Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, April 29th. The aircraft producer reported ($1.70) earnings per share (EPS) for the quarter, beating the consensus estimate of ($2.04) by $0.34. The business had revenue of $16.91 billion for the quarter, compared to analysts’ expectations of $16.90 billion. Boeing had a negative return on equity of 3.08% and a negative net margin of 4.84%. The firm’s quarterly revenue was down 26.2% on a year-over-year basis. During the same period in the prior year, the firm posted $3.16 EPS. On average, equities analysts predict that Boeing Co will post -5.05 earnings per share for the current year.

About Boeing

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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