The Boeing Company (NYSE:BA) Stock Position Lowered by Capital Investment Counsel Inc

Capital Investment Counsel Inc lessened its position in The Boeing Company (NYSE:BA) by 5.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,255 shares of the aircraft producer’s stock after selling 120 shares during the quarter. Capital Investment Counsel Inc’s holdings in Boeing were worth $399,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. AdvisorNet Financial Inc lifted its position in Boeing by 54.2% in the 4th quarter. AdvisorNet Financial Inc now owns 2,021 shares of the aircraft producer’s stock worth $358,000 after buying an additional 710 shares in the last quarter. Rockefeller Capital Management L.P. lifted its position in Boeing by 8.8% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 473,917 shares of the aircraft producer’s stock worth $72,075,000 after buying an additional 38,300 shares in the last quarter. Carnegie Investment Counsel lifted its position in Boeing by 175.6% in the 4th quarter. Carnegie Investment Counsel now owns 4,619 shares of the aircraft producer’s stock worth $818,000 after buying an additional 2,943 shares in the last quarter. Principal Financial Group Inc. lifted its position in Boeing by 6.1% in the 3rd quarter. Principal Financial Group Inc. now owns 666,244 shares of the aircraft producer’s stock worth $101,296,000 after buying an additional 38,332 shares in the last quarter. Finally, Jennison Associates LLC lifted its position in Boeing by 9.9% in the 3rd quarter. Jennison Associates LLC now owns 6,700,706 shares of the aircraft producer’s stock worth $1,018,775,000 after buying an additional 602,143 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Citigroup raised their price target on shares of Boeing from $207.00 to $210.00 and gave the company a “buy” rating in a report on Monday, February 10th. Robert W. Baird cut their price target on shares of Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Royal Bank of Canada restated an “outperform” rating and set a $200.00 price target on shares of Boeing in a report on Wednesday, January 29th. Barclays upgraded shares of Boeing from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $190.00 to $210.00 in a report on Monday, January 6th. Finally, JPMorgan Chase & Co. raised their price target on shares of Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $195.16.

Boeing Price Performance

NYSE BA opened at $180.77 on Friday. The firm has a market capitalization of $135.59 billion, a price-to-earnings ratio of -9.87 and a beta of 1.52. The company’s fifty day moving average is $176.58 and its two-hundred day moving average is $164.32. The Boeing Company has a 52-week low of $137.03 and a 52-week high of $208.10.

Boeing (NYSE:BA) last posted its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same period in the prior year, the business posted ($0.47) EPS. As a group, sell-side analysts expect that The Boeing Company will post -2.32 earnings per share for the current fiscal year.

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.