Capital Planning LLC Sells 1,562 Shares of The Boeing Company (NYSE:BA)

Capital Planning LLC cut its holdings in shares of The Boeing Company (NYSE:BA) by 2.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 61,416 shares of the aircraft producer’s stock after selling 1,562 shares during the period. Boeing comprises approximately 2.9% of Capital Planning LLC’s holdings, making the stock its 10th biggest position. Capital Planning LLC’s holdings in Boeing were worth $10,871,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. RPg Family Wealth Advisory LLC acquired a new stake in shares of Boeing during the 3rd quarter valued at about $28,000. Cedar Wealth Management LLC acquired a new stake in Boeing in the 3rd quarter worth about $30,000. Kiely Wealth Advisory Group Inc. acquired a new stake in Boeing in the 2nd quarter worth about $33,000. Planning Capital Management Corp boosted its holdings in Boeing by 741.0% in the 3rd quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer’s stock worth $50,000 after buying an additional 289 shares during the last quarter. Finally, Truvestments Capital LLC acquired a new stake in Boeing in the 3rd quarter worth about $58,000. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently issued reports on BA. Deutsche Bank Aktiengesellschaft lifted their price objective on Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, January 2nd. UBS Group lowered their price objective on Boeing from $215.00 to $195.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. TD Cowen lowered their price objective on Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a report on Monday, October 14th. DZ Bank cut Boeing from a “buy” rating to a “hold” rating and set a $152.00 price objective on the stock. in a report on Tuesday, October 15th. Finally, Wells Fargo & Company lowered their price objective on Boeing from $86.00 to $85.00 and set an “underweight” rating on the stock in a report on Monday, November 4th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $192.21.

Boeing Trading Up 1.6 %

NYSE BA opened at $168.91 on Friday. The Boeing Company has a 52 week low of $137.03 and a 52 week high of $217.59. The firm has a 50 day moving average of $162.40 and a two-hundred day moving average of $164.98.

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