Folger Nolan Fleming Douglas Capital Management Inc. Sells 215 Shares of The Boeing Company (NYSE:BA)

Folger Nolan Fleming Douglas Capital Management Inc. lowered its position in The Boeing Company (NYSE:BA) by 11.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,662 shares of the aircraft producer’s stock after selling 215 shares during the quarter. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Boeing were worth $294,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of BA. Brooklyn Investment Group boosted its position in Boeing by 95.3% during the 4th quarter. Brooklyn Investment Group now owns 4,064 shares of the aircraft producer’s stock valued at $719,000 after acquiring an additional 1,983 shares in the last quarter. Sax Wealth Advisors LLC bought a new stake in Boeing during the fourth quarter valued at about $467,000. Grant GrossMendelsohn LLC purchased a new position in Boeing in the fourth quarter valued at about $204,000. Saxon Interests Inc. bought a new position in Boeing in the fourth quarter worth about $252,000. Finally, Wealthcare Advisory Partners LLC grew its position in shares of Boeing by 8.3% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 9,122 shares of the aircraft producer’s stock worth $1,615,000 after buying an additional 700 shares during the last quarter. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Susquehanna dropped their price objective 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. Northcoast Research raised Boeing from a “sell” rating to a “neutral” rating in a report on Thursday, December 12th. Jefferies Financial Group dropped their target price on Boeing from $270.00 to $240.00 and set a “buy” rating on the stock in a research report on Monday, September 23rd. Wells Fargo & Company cut their price target on shares of Boeing from $86.00 to $85.00 and set an “underweight” rating on the stock in a report on Monday, November 4th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, January 2nd. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $192.21.

Boeing Price Performance

Shares of BA stock opened at $171.14 on Friday. The Boeing Company has a 1-year low of $137.03 and a 1-year high of $217.59. The business’s fifty day moving average price is $162.76 and its 200 day moving average price is $165.00. The firm has a market capitalization of $105.80 billion, a PE ratio of -13.27 and a beta of 1.52.

Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The firm had revenue of $17.84 billion for the quarter, compared to the consensus estimate of $17.81 billion. The company’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same period last year, the firm posted ($3.26) EPS. Equities research analysts expect that The Boeing Company will post -16.43 earnings per share for the current fiscal year.

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.