Charles Carroll Financial Partners LLC Decreases Stock Holdings in The Boeing Company (NYSE:BA)

Charles Carroll Financial Partners LLC reduced its position in shares of The Boeing Company (NYSE:BA) by 4.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,175 shares of the aircraft producer’s stock after selling 425 shares during the period. Boeing comprises approximately 2.9% of Charles Carroll Financial Partners LLC’s portfolio, making the stock its 12th largest position. Charles Carroll Financial Partners LLC’s holdings in Boeing were worth $2,652,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Trust Co. of Vermont boosted its stake in shares of 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 in the last quarter. Benchmark Financial Wealth Advisors LLC boosted its stake in shares of Boeing by 2.7% during the 4th quarter. Benchmark Financial Wealth Advisors LLC now owns 1,785 shares of the aircraft producer’s stock worth $465,000 after acquiring an additional 47 shares in the last quarter. WealthPlan Investment Management LLC boosted its stake in shares of Boeing by 1.0% during the 4th quarter. WealthPlan Investment Management LLC now owns 4,716 shares of the aircraft producer’s stock worth $1,229,000 after acquiring an additional 49 shares in the last quarter. RB Capital Management LLC boosted its position in shares of Boeing by 2.7% in the third quarter. RB Capital Management LLC now owns 1,893 shares of the aircraft producer’s stock worth $363,000 after buying an additional 50 shares during the period. Finally, M&R Capital Management Inc. boosted its position in shares of Boeing by 35.0% in the fourth quarter. M&R Capital Management Inc. now owns 193 shares of the aircraft producer’s stock worth $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 Up 0.5 %

Shares of BA traded up $0.94 during mid-day trading on Friday, hitting $179.79. 5,416,263 shares of the company’s stock were exchanged, compared to its average volume of 8,228,397. The firm has a market cap of $110.37 billion, a price-to-earnings ratio of -50.64 and a beta of 1.54. The stock’s 50-day simple moving average is $183.74 and its 200-day simple moving average is $205.91. The Boeing Company has a 52 week low of $159.70 and a 52 week high of $267.54.

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

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Bank of America cut their price objective on Boeing from $210.00 to $190.00 and set a “neutral” rating for the company in a report on Thursday, April 11th. Northcoast Research lowered Boeing from a “neutral” rating to a “sell” rating and set a $140.00 price objective for the company. in a report on Wednesday, April 17th. Barclays cut their target price on Boeing from $235.00 to $190.00 and set an “equal weight” rating on the stock in a report on Monday, April 22nd. The Goldman Sachs Group cut their target price on Boeing from $268.00 to $257.00 and set a “buy” rating on the stock in a report on Monday, March 25th. Finally, Stifel Nicolaus cut their target price on Boeing from $270.00 to $260.00 and set a “buy” rating on the stock in a report on Wednesday, April 10th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Boeing presently has a consensus rating of “Hold” and a consensus target price of $222.41.

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.