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 fourth quarter, Holdings Channel reports. The fund owned 10,175 shares of the aircraft producer’s stock after selling 425 shares during the quarter. Boeing makes up about 2.9% of Charles Carroll Financial Partners LLC’s portfolio, making the stock its 12th biggest position. Charles Carroll Financial Partners LLC’s holdings in Boeing were worth $2,652,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. First National Trust Co increased its stake in Boeing by 6.3% during the fourth quarter. First National Trust Co now owns 3,787 shares of the aircraft producer’s stock worth $987,000 after acquiring an additional 225 shares during the last quarter. Royal Fund Management LLC raised its holdings in Boeing by 4.5% during the 4th quarter. Royal Fund Management LLC now owns 11,985 shares of the aircraft producer’s stock valued at $3,124,000 after buying an additional 514 shares during the period. AJOVista LLC bought a new stake in Boeing in the fourth quarter worth $125,000. Baxter Bros Inc. boosted its stake in Boeing by 68.1% during the fourth quarter. Baxter Bros Inc. now owns 3,776 shares of the aircraft producer’s stock worth $984,000 after buying an additional 1,530 shares during the period. Finally, Blue Fin Capital Inc. bought a new position in Boeing during the fourth quarter valued at $219,000. 64.82% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on BA shares. Susquehanna decreased their price objective on shares of Boeing from $265.00 to $230.00 and set a “positive” rating for the company in a research note on Thursday, March 21st. Argus cut Boeing from a “buy” rating to a “hold” rating in a report on Tuesday, April 30th. Benchmark reiterated a “buy” rating and issued a $250.00 target price on shares of Boeing in a research note on Tuesday, March 26th. Sanford C. Bernstein lowered their target price on shares of Boeing from $272.00 to $240.00 and set an “outperform” rating for the company in a research note on Monday, April 8th. Finally, Morgan Stanley cut their price target on shares of Boeing from $235.00 to $180.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 10th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, Boeing presently has a consensus rating of “Hold” and an average price target of $222.41.

Boeing Stock Performance

NYSE:BA traded up $0.94 during trading hours on Friday, reaching $179.79. The company’s stock had a trading volume of 5,416,263 shares, compared to its average volume of 8,228,397. The company has a market capitalization of $110.37 billion, a P/E ratio of -50.64 and a beta of 1.54. The Boeing Company has a 12 month low of $159.70 and a 12 month high of $267.54. The stock has a 50 day moving average price of $183.74 and a two-hundred day moving average price of $205.91.

Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, January 31st. The aircraft producer reported ($0.47) EPS for the quarter, topping analysts’ consensus estimates of ($0.72) by $0.25. The business had revenue of $22.02 billion during the quarter, compared to the consensus estimate of $21.14 billion. The business’s quarterly revenue was up 10.2% on a year-over-year basis. During the same period last year, the firm earned ($1.75) EPS. As a group, analysts predict that The Boeing Company will post -0.18 EPS for the current fiscal year.

Boeing Company 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.