Neville Rodie & Shaw Inc. Trims Stock Holdings in The Boeing Company (NYSE:BA)

Neville Rodie & Shaw Inc. trimmed its holdings in The Boeing Company (NYSE:BA) by 0.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 10,397 shares of the aircraft producer’s stock after selling 70 shares during the quarter. Neville Rodie & Shaw Inc.’s holdings in Boeing were worth $1,840,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. RPg Family Wealth Advisory LLC purchased a new position in shares of Boeing during the 3rd quarter valued at $28,000. Kiely Wealth Advisory Group Inc. bought a new position in shares of Boeing during the second quarter valued at about $33,000. Cedar Wealth Management LLC bought a new position in shares of Boeing during the third quarter valued at about $30,000. Meeder Asset Management Inc. raised its stake in shares of Boeing by 325.4% during the second quarter. Meeder Asset Management Inc. now owns 302 shares of the aircraft producer’s stock valued at $55,000 after acquiring an additional 231 shares during the last quarter. Finally, Fairscale Capital LLC bought a new position in shares of Boeing during the second quarter valued at about $59,000. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on BA. The Goldman Sachs Group reduced their price target on shares of Boeing from $232.00 to $202.00 and set a “buy” rating on the stock in a research report on Tuesday, September 24th. Benchmark restated a “buy” rating and set a $250.00 price objective on shares of Boeing in a research report on Thursday, October 24th. Jefferies Financial Group decreased their price target on shares of Boeing from $270.00 to $240.00 and set a “buy” rating on the stock in a research report on Monday, September 23rd. DZ Bank cut shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 price objective for the company. in a research note on Tuesday, October 15th. Finally, Barclays raised shares of Boeing from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $190.00 to $210.00 in a research note on Monday. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $192.21.

Boeing Price Performance

Boeing stock traded up $1.91 during trading hours on Monday, hitting $171.81. 5,088,179 shares of the stock traded hands, compared to its average volume of 9,182,282. The firm’s 50 day moving average price is $159.43 and its 200-day moving average price is $165.34. The stock has a market capitalization of $106.21 billion, a price-to-earnings ratio of -13.32 and a beta of 1.52. The Boeing Company has a 1 year low of $137.03 and a 1 year high of $233.85.

Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The firm had revenue of $17.84 billion during the quarter, compared to analyst estimates of $17.81 billion. The firm’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same period in the previous year, the business posted ($3.26) earnings per share. Research analysts forecast that The Boeing Company will post -16.18 earnings per share 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.