NCP Inc. Sells 425 Shares of The Boeing Company (NYSE:BA)

NCP Inc. lessened its stake in shares of The Boeing Company (NYSE:BA) by 4.2% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,634 shares of the aircraft producer’s stock after selling 425 shares during the period. Boeing accounts for approximately 1.1% of NCP Inc.’s holdings, making the stock its 13th biggest position. NCP Inc.’s holdings in Boeing were worth $1,753,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in BA. Chicago Partners Investment Group LLC grew its stake in Boeing by 0.4% during the 4th quarter. Chicago Partners Investment Group LLC now owns 14,941 shares of the aircraft producer’s stock valued at $3,895,000 after purchasing an additional 56 shares during the last quarter. Madison Park Capital Advisors LLC boosted its position in Boeing by 4.9% in the second quarter. Madison Park Capital Advisors LLC now owns 1,204 shares of the aircraft producer’s stock valued at $219,000 after buying an additional 56 shares during the last quarter. Angeles Wealth Management LLC increased its holdings in Boeing by 4.3% in the 4th quarter. Angeles Wealth Management LLC now owns 1,463 shares of the aircraft producer’s stock worth $381,000 after buying an additional 60 shares during the period. Bridge Creek Capital Management LLC lifted its stake in Boeing by 3.1% during the 1st quarter. Bridge Creek Capital Management LLC now owns 1,983 shares of the aircraft producer’s stock valued at $383,000 after acquiring an additional 60 shares during the period. Finally, Wealth Alliance Advisory Group LLC boosted its holdings in shares of Boeing by 1.6% in the 2nd quarter. Wealth Alliance Advisory Group LLC now owns 3,798 shares of the aircraft producer’s stock valued at $691,000 after acquiring an additional 60 shares during the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on BA shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $225.00 target price on shares of Boeing in a research report on Tuesday, June 25th. Susquehanna reissued a “positive” rating and issued a $230.00 price objective on shares of Boeing in a report on Wednesday, August 14th. The Goldman Sachs Group dropped their target price on Boeing from $232.00 to $202.00 and set a “buy” rating on the stock in a report on Tuesday, September 24th. TD Cowen decreased their price target on Boeing from $230.00 to $200.00 and set a “buy” rating for the company in a report on Tuesday. Finally, UBS Group dropped their price objective on shares of Boeing from $250.00 to $240.00 and set a “buy” rating on the stock in a research note on Friday, June 7th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $207.67.

Boeing Price Performance

Shares of Boeing stock opened at $154.24 on Wednesday. The stock has a market capitalization of $94.69 billion, a P/E ratio of -43.45 and a beta of 1.57. The business has a 50 day simple moving average of $167.34 and a two-hundred day simple moving average of $175.70. The Boeing Company has a 12 month low of $149.49 and a 12 month high of $267.54.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, July 31st. The aircraft producer reported ($2.90) EPS for the quarter, missing the consensus estimate of ($1.00) by ($1.90). The company had revenue of $16.87 billion during the quarter, compared to analysts’ expectations of $17.35 billion. During the same period in the prior year, the company posted ($0.82) earnings per share. The business’s revenue was down 14.6% compared to the same quarter last year. As a group, research analysts anticipate that The Boeing Company will post -4.27 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.