NCM Capital Management LLC Has $613,000 Position in The Boeing Company (NYSE:BA)

NCM Capital Management LLC lessened its stake in The Boeing Company (NYSE:BA) by 5.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,032 shares of the aircraft producer’s stock after selling 250 shares during the period. NCM Capital Management LLC’s holdings in Boeing were worth $613,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in BA. RPg Family Wealth Advisory LLC acquired a new stake in Boeing during the third quarter valued at approximately $28,000. Cedar Wealth Management LLC bought a new stake in Boeing in the third quarter valued at $30,000. Kiely Wealth Advisory Group Inc. acquired a new position in Boeing during the second quarter worth $33,000. Hobbs Group Advisors LLC bought a new position in shares of Boeing during the second quarter valued at $34,000. Finally, Harel Insurance Investments & Financial Services Ltd. boosted its stake in shares of Boeing by 351.1% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 212 shares of the aircraft producer’s stock valued at $39,000 after purchasing an additional 165 shares in the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Jefferies Financial Group cut their price target on shares of Boeing from $270.00 to $240.00 and set a “buy” rating for the company in a report on Monday, September 23rd. Wells Fargo & Company reduced their target price on Boeing from $86.00 to $85.00 and set an “underweight” rating on the stock in a report on Monday, November 4th. JPMorgan Chase & Co. dropped their price target on Boeing from $195.00 to $190.00 and set an “overweight” rating for the company in a report on Monday, November 25th. The Goldman Sachs Group reduced their price objective on Boeing from $232.00 to $202.00 and set a “buy” rating on the stock in a research note on Tuesday, September 24th. Finally, Citigroup lowered their target price on Boeing from $224.00 to $209.00 and set a “buy” rating for the company in a research note on Tuesday, October 15th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $190.11.

Boeing Stock Up 2.1 %

NYSE:BA opened at $155.65 on Friday. The Boeing Company has a 12-month low of $137.03 and a 12-month high of $267.54. The stock’s fifty day simple moving average is $151.48 and its 200-day simple moving average is $167.51. The firm has a market capitalization of $96.22 billion, a P/E ratio of -12.07 and a beta of 1.57.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The business had revenue of $17.84 billion during the quarter, compared to analysts’ expectations of $17.81 billion. The company’s revenue was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the business posted ($3.26) EPS. As a group, equities research analysts expect that The Boeing Company will post -16.19 earnings per share for the current 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.