The Boeing Company (NYSE:BA) Shares Sold by RNC Capital Management LLC

RNC Capital Management LLC lessened its stake in shares of The Boeing Company (NYSE:BA) by 32.8% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,388 shares of the aircraft producer’s stock after selling 1,168 shares during the period. RNC Capital Management LLC’s holdings in Boeing were worth $423,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of BA. Sugar Maple Asset Management LLC acquired a new stake in Boeing during the 4th quarter valued at $27,000. RPg Family Wealth Advisory LLC purchased a new position in shares of Boeing during the 3rd quarter worth $28,000. Fiduciary Advisors Inc. purchased a new position in shares of Boeing during the 4th quarter worth $28,000. Cedar Wealth Management LLC purchased a new position in shares of Boeing during the 3rd quarter worth $30,000. Finally, Heck Capital Advisors LLC purchased a new position in shares of Boeing during the 4th quarter worth $33,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Susquehanna increased their price target on Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a research note on Wednesday, January 29th. Sanford C. Bernstein lowered Boeing from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $195.00 to $169.00 in a research note on Wednesday, October 30th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $200.00 target price on shares of Boeing in a research report on Wednesday, January 29th. TD Cowen cut their target price on Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Finally, JPMorgan Chase & Co. increased their target price on Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Boeing presently has a consensus rating of “Moderate Buy” and a consensus target price of $195.00.

Boeing Price Performance

Shares of Boeing stock opened at $184.81 on Friday. The business has a 50-day moving average of $171.05 and a 200-day moving average of $164.12. The company has a market capitalization of $114.25 billion, a PE ratio of -10.09 and a beta of 1.52. The Boeing Company has a 1-year low of $137.03 and a 1-year high of $213.77.

Boeing (NYSE:BA) last posted its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same period last year, the business posted ($0.47) earnings per share. On average, equities analysts expect that The Boeing Company will post -2.12 earnings per share for the current fiscal year.

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.