Charter Oak Capital Management LLC Sells 242 Shares of The Boeing Company (NYSE:BA)

Charter Oak Capital Management LLC reduced its stake in shares of The Boeing Company (NYSE:BA) by 11.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,936 shares of the aircraft producer’s stock after selling 242 shares during the quarter. Charter Oak Capital Management LLC’s holdings in Boeing were worth $343,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Diamant Asset Management Inc. increased its holdings in shares of Boeing by 7.4% in the 4th quarter. Diamant Asset Management Inc. now owns 4,375 shares of the aircraft producer’s stock worth $774,000 after buying an additional 300 shares during the last quarter. Bay Rivers Group lifted its stake in shares of Boeing by 1.0% during the 4th quarter. Bay Rivers Group now owns 7,416 shares of the aircraft producer’s stock worth $1,313,000 after acquiring an additional 70 shares during the last quarter. S. R. Schill & Associates grew its holdings in shares of Boeing by 6.7% in the fourth quarter. S. R. Schill & Associates now owns 3,337 shares of the aircraft producer’s stock worth $591,000 after purchasing an additional 210 shares during the last quarter. Nilsine Partners LLC increased its position in shares of Boeing by 5.5% during the fourth quarter. Nilsine Partners LLC now owns 11,832 shares of the aircraft producer’s stock worth $2,094,000 after acquiring an additional 614 shares during the period. Finally, Cherry Creek Investment Advisors Inc. bought a new stake in Boeing during the 4th quarter valued at $1,536,000. 64.82% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

BA has been the subject of a number of analyst reports. Robert W. Baird lowered their target price on Boeing from $240.00 to $200.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Wells Fargo & Company decreased their price target on shares of Boeing from $86.00 to $85.00 and set an “underweight” rating for the company in a report on Monday, November 4th. Benchmark reiterated a “buy” rating and issued a $250.00 price target on shares of Boeing in a report on Thursday, October 24th. Royal Bank of Canada restated an “outperform” rating and issued a $200.00 target price on shares of Boeing in a research note on Wednesday, October 30th. Finally, Citigroup dropped their price target on shares of Boeing from $209.00 to $207.00 and set a “buy” rating on the stock in a research report on Friday. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $192.11.

Boeing Stock Down 0.6 %

Shares of NYSE BA opened at $175.09 on Tuesday. The stock has a market capitalization of $108.24 billion, a PE ratio of -13.57 and a beta of 1.52. The firm has a fifty day moving average of $166.42 and a 200-day moving average of $164.29. The Boeing Company has a 52-week low of $137.03 and a 52-week high of $214.63.

Boeing (NYSE:BA) last posted its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same quarter in the previous year, the firm earned ($0.47) earnings per share. Equities research analysts expect that The Boeing Company will post -16.39 EPS for the current fiscal year.

About Boeing

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.