NTV Asset Management LLC Sells 313 Shares of The Boeing Company (NYSE:BA)

NTV Asset Management LLC trimmed its holdings in The Boeing Company (NYSE:BA) by 8.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,306 shares of the aircraft producer’s stock after selling 313 shares during the quarter. NTV Asset Management LLC’s holdings in Boeing were worth $862,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. DiNuzzo Private Wealth Inc. acquired a new position in Boeing in the fourth quarter worth $28,000. Evolution Advisers Inc. bought a new position in Boeing in the fourth quarter valued at approximately $28,000. CNB Bank grew its stake in shares of Boeing by 106.5% during the third quarter. CNB Bank now owns 128 shares of the aircraft producer’s stock worth $25,000 after purchasing an additional 66 shares during the period. Naples Money Management LLC acquired a new position in Boeing in the fourth quarter valued at about $44,000. Finally, M&R Capital Management Inc. boosted its stake in Boeing by 35.0% during the 4th quarter. M&R Capital Management Inc. now owns 193 shares of the aircraft producer’s stock worth $50,000 after acquiring an additional 50 shares during the last quarter. Institutional investors own 64.82% of the company’s stock.

Boeing Stock Performance

NYSE BA traded up $0.94 on Friday, hitting $179.79. The stock had a trading volume of 5,416,263 shares, compared to its average volume of 8,228,397. The firm has a 50-day moving average of $183.74 and a 200-day moving average of $206.20. The Boeing Company has a 52-week low of $159.70 and a 52-week high of $267.54. The company has a market capitalization of $110.37 billion, a price-to-earnings ratio of -50.64 and a beta of 1.54.

Boeing (NYSE:BA) last announced its earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.72) by $0.25. The company had revenue of $22.02 billion for the quarter, compared to the consensus estimate of $21.14 billion. The company’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($1.75) earnings per share. As a group, research analysts anticipate that The Boeing Company will post -0.18 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on BA. Melius Research reissued a “hold” rating on shares of Boeing in a report on Monday, April 1st. Stifel Nicolaus cut their price objective on Boeing from $270.00 to $260.00 and set a “buy” rating on the stock in a report on Wednesday, April 10th. Barclays lowered their target price on Boeing from $235.00 to $190.00 and set an “equal weight” rating for the company in a research note on Monday, April 22nd. Northcoast Research lowered shares of Boeing from a “neutral” rating to a “sell” rating and set a $140.00 price target on the stock. in a research note on Wednesday, April 17th. Finally, Edward Jones downgraded shares of Boeing from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $222.41.

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.