The Boeing Company (NYSE:BA) Shares Sold by NTV Asset Management LLC

NTV Asset Management LLC cut its stake in shares of The Boeing Company (NYSE:BA) by 8.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 3,306 shares of the aircraft producer’s stock after selling 313 shares during the period. NTV Asset Management LLC’s holdings in Boeing were worth $862,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Trust Co. of Vermont grew its holdings in Boeing by 1.0% during the 3rd quarter. Trust Co. of Vermont now owns 4,389 shares of the aircraft producer’s stock worth $841,000 after acquiring an additional 45 shares during the period. Benchmark Financial Wealth Advisors LLC boosted its position in shares of Boeing by 2.7% in the 4th quarter. Benchmark Financial Wealth Advisors LLC now owns 1,785 shares of the aircraft producer’s stock worth $465,000 after purchasing an additional 47 shares during the last quarter. WealthPlan Investment Management LLC grew its stake in shares of Boeing by 1.0% during the fourth quarter. WealthPlan Investment Management LLC now owns 4,716 shares of the aircraft producer’s stock worth $1,229,000 after purchasing an additional 49 shares during the period. RB Capital Management LLC increased its holdings in Boeing by 2.7% in the third quarter. RB Capital Management LLC now owns 1,893 shares of the aircraft producer’s stock valued at $363,000 after purchasing an additional 50 shares during the last quarter. Finally, M&R Capital Management Inc. lifted its stake in Boeing by 35.0% in the fourth quarter. M&R Capital Management Inc. now owns 193 shares of the aircraft producer’s stock valued at $50,000 after buying an additional 50 shares during the period. 64.82% of the stock is owned by hedge funds and other institutional investors.

Boeing Stock Performance

BA stock traded up $0.94 during mid-day trading on Friday, hitting $179.79. The company had a trading volume of 5,416,263 shares, compared to its average volume of 8,228,397. The Boeing Company has a 12 month low of $159.70 and a 12 month high of $267.54. The stock’s fifty day moving average price is $183.74 and its two-hundred day moving average price is $206.20. The firm has a market cap of $110.37 billion, a PE ratio of -50.64 and a beta of 1.54.

Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share for the quarter, topping the consensus estimate of ($0.72) by $0.25. The firm had revenue of $22.02 billion for the quarter, compared to the consensus estimate of $21.14 billion. The firm’s revenue was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($1.75) EPS. Equities analysts anticipate that The Boeing Company will post -0.18 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Argus cut Boeing from a “buy” rating to a “hold” rating in a research note on Tuesday, April 30th. Bank of America decreased their price objective on shares of Boeing from $210.00 to $190.00 and set a “neutral” rating for the company in a report on Thursday, April 11th. TD Cowen cut their target price on shares of Boeing from $275.00 to $230.00 and set an “outperform” rating on the stock in a report on Monday, March 25th. Melius reissued a “hold” rating on shares of Boeing in a report on Monday, April 1st. Finally, Benchmark restated a “buy” rating and issued a $250.00 price objective on shares of Boeing in a research report on Tuesday, March 26th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $222.41.

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.