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

NCM Capital Management LLC trimmed its holdings in The Boeing Company (NYSE:BA) by 5.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. 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 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of BA. Madison Park Capital Advisors LLC grew its stake in shares of Boeing by 4.9% during the second quarter. Madison Park Capital Advisors LLC now owns 1,204 shares of the aircraft producer’s stock worth $219,000 after buying an additional 56 shares during the last quarter. Wealth Alliance Advisory Group LLC boosted its holdings in shares of Boeing by 1.6% during 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 in the last quarter. IMS Capital Management grew its position in Boeing by 0.4% during the 2nd quarter. IMS Capital Management now owns 16,032 shares of the aircraft producer’s stock worth $2,759,000 after acquiring an additional 62 shares during the last quarter. ADE LLC increased its holdings in Boeing by 4.4% in the 2nd quarter. ADE LLC now owns 1,539 shares of the aircraft producer’s stock worth $280,000 after purchasing an additional 65 shares in the last quarter. Finally, Peoples Financial Services CORP. raised its position in Boeing by 0.8% in the third quarter. Peoples Financial Services CORP. now owns 8,893 shares of the aircraft producer’s stock valued at $1,352,000 after purchasing an additional 67 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors.

Boeing Stock Performance

Shares of NYSE BA opened at $155.65 on Friday. The stock has a market cap of $96.22 billion, a price-to-earnings ratio of -12.07 and a beta of 1.57. The Boeing Company has a fifty-two week low of $137.03 and a fifty-two week high of $267.54. The firm’s 50-day simple moving average is $151.48 and its 200 day simple moving average is $167.51.

Boeing (NYSE:BA) last posted its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The firm had revenue of $17.84 billion during the quarter, compared to the consensus estimate of $17.81 billion. The firm’s quarterly revenue was down 1.5% on a year-over-year basis. During the same quarter in the previous year, the company earned ($3.26) EPS. On average, sell-side analysts predict that The Boeing Company will post -16.19 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. DZ Bank cut Boeing from a “buy” rating to a “hold” rating and set a $152.00 price target on the stock. in a report on Tuesday, October 15th. Morgan Stanley decreased their price target on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a research report on Thursday, October 24th. Susquehanna cut their price target on shares of Boeing from $210.00 to $200.00 and set a “positive” rating on the stock in a report on Thursday, October 24th. The Goldman Sachs Group decreased their price objective on Boeing from $232.00 to $202.00 and set a “buy” rating for the company in a report on Tuesday, September 24th. Finally, TD Cowen cut their target price on Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $190.11.

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.