The Boeing Company (NYSE:BA) Stock Holdings Lessened by Northcape Wealth Management LLC

Northcape Wealth Management LLC lowered its stake in The Boeing Company (NYSE:BA) by 8.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,491 shares of the aircraft producer’s stock after selling 308 shares during the period. Northcape Wealth Management LLC’s holdings in Boeing were worth $910,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. CNB Bank lifted its holdings in shares of Boeing by 106.5% in the third quarter. CNB Bank now owns 128 shares of the aircraft producer’s stock valued at $25,000 after purchasing an additional 66 shares in the last quarter. Evolution Advisers Inc. purchased a new stake in shares of Boeing in the fourth quarter valued at $28,000. Naples Money Management LLC purchased a new stake in shares of Boeing during the fourth quarter worth $44,000. Blue Bell Private Wealth Management LLC raised its holdings in shares of Boeing by 66.2% during the third quarter. Blue Bell Private Wealth Management LLC now owns 236 shares of the aircraft producer’s stock worth $45,000 after acquiring an additional 94 shares in the last quarter. Finally, M&R Capital Management Inc. raised its holdings in shares of Boeing by 35.0% during the fourth quarter. M&R Capital Management Inc. now owns 193 shares of the aircraft producer’s stock worth $50,000 after acquiring an additional 50 shares in the last quarter. Institutional investors own 64.82% of the company’s stock.

Boeing Stock Performance

Shares of NYSE:BA traded down $5.65 during trading on Tuesday, reaching $167.84. The stock had a trading volume of 8,171,877 shares, compared to its average volume of 9,716,028. The Boeing Company has a 52 week low of $159.70 and a 52 week high of $267.54. The business’s 50-day moving average price is $185.92 and its 200 day moving average price is $206.50.

Boeing (NYSE:BA) last posted its earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.72) by $0.25. The firm had revenue of $22.02 billion during the quarter, compared to the consensus estimate of $21.14 billion. During the same quarter last year, the firm posted ($1.75) EPS. The business’s revenue was up 10.2% on a year-over-year basis. As a group, sell-side analysts anticipate that The Boeing Company will post -0.3 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Melius Research reiterated a “hold” rating on shares of Boeing in a report on Monday, April 1st. Northcoast Research downgraded shares of Boeing from a “neutral” rating to a “sell” rating and set a $140.00 target price on the stock. in a research report on Wednesday, April 17th. Barclays lowered their target price on shares of Boeing from $235.00 to $190.00 and set an “equal weight” rating on the stock in a research report on Monday, April 22nd. Citigroup lowered their target price on shares of Boeing from $252.00 to $224.00 and set a “buy” rating on the stock in a research report on Thursday, April 25th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Boeing from $230.00 to $210.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus 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.