The Boeing Company (NYSE:BA) Shares Sold by NCP Inc.

NCP Inc. cut its stake in The Boeing Company (NYSE:BA) by 4.2% in the second quarter, Holdings Channel reports. The fund owned 9,634 shares of the aircraft producer’s stock after selling 425 shares during the period. Boeing accounts for about 1.1% of NCP Inc.’s portfolio, making the stock its 13th largest holding. NCP Inc.’s holdings in Boeing were worth $1,753,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of BA. Capital Research Global Investors grew its position in Boeing by 35.5% in the fourth quarter. Capital Research Global Investors now owns 16,880,647 shares of the aircraft producer’s stock worth $4,400,109,000 after acquiring an additional 4,425,964 shares during the period. Wellington Management Group LLP grew its holdings in shares of Boeing by 563.9% during the 4th quarter. Wellington Management Group LLP now owns 3,439,093 shares of the aircraft producer’s stock worth $896,434,000 after purchasing an additional 2,921,043 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of Boeing by 23.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,823,006 shares of the aircraft producer’s stock worth $2,560,466,000 after purchasing an additional 1,884,850 shares during the last quarter. Global Assets Advisory LLC purchased a new stake in Boeing in the 1st quarter valued at about $272,312,000. Finally, Vanguard Group Inc. lifted its position in Boeing by 2.5% in the first quarter. Vanguard Group Inc. now owns 49,724,770 shares of the aircraft producer’s stock valued at $9,596,383,000 after buying an additional 1,222,816 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Trading Up 1.4 %

Shares of BA opened at $154.24 on Wednesday. The firm has a market capitalization of $94.69 billion, a price-to-earnings ratio of -43.45 and a beta of 1.57. The firm’s fifty day simple moving average is $167.34 and its 200-day simple moving average is $175.70. The Boeing Company has a twelve month low of $149.49 and a twelve month high of $267.54.

Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.00) by ($1.90). The business had revenue of $16.87 billion during the quarter, compared to the consensus estimate of $17.35 billion. Boeing’s quarterly revenue was down 14.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.82) EPS. On average, analysts predict that The Boeing Company will post -4.27 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have weighed in on BA. TD Cowen dropped their price target on shares of Boeing from $230.00 to $200.00 and set a “buy” rating for the company in a research report on Tuesday. Susquehanna reissued a “positive” rating and issued a $230.00 target price on shares of Boeing in a research report on Wednesday, August 14th. Bank of America raised their price target on Boeing from $180.00 to $200.00 and gave the stock a “neutral” rating in a research report on Thursday, June 13th. Stifel Nicolaus increased their target price on Boeing from $230.00 to $235.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Finally, Jefferies Financial Group dropped their target price on Boeing from $270.00 to $240.00 and set a “buy” rating for the company in a research report on Monday, September 23rd. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Boeing presently has an average rating of “Moderate Buy” and a consensus target price of $207.67.

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.