Charter Oak Capital Management LLC Sells 106 Shares of The Boeing Company (NYSE:BA)

Charter Oak Capital Management LLC lessened its position in shares of The Boeing Company (NYSE:BA) by 4.3% in the 2nd quarter, HoldingsChannel reports. The fund owned 2,331 shares of the aircraft producer’s stock after selling 106 shares during the period. Charter Oak Capital Management LLC’s holdings in Boeing were worth $424,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Vermillion & White Wealth Management Group LLC acquired a new stake in Boeing in the 4th quarter worth approximately $26,000. DiNuzzo Private Wealth Inc. acquired a new stake in shares of Boeing during the fourth quarter worth $28,000. Evolution Advisers Inc. purchased a new stake in shares of Boeing during the fourth quarter valued at $28,000. Vima LLC acquired a new position in shares of Boeing in the 4th quarter valued at $34,000. Finally, Accent Capital Management LLC purchased a new position in Boeing in the 4th quarter worth $39,000. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Boeing Stock Performance

Shares of BA stock traded up $2.19 on Friday, reaching $174.95. 4,401,776 shares of the company were exchanged, compared to its average volume of 7,969,573. The Boeing Company has a 1 year low of $159.70 and a 1 year high of $267.54. The business has a 50-day moving average price of $178.48 and a 200 day moving average price of $183.50. The company has a market cap of $107.40 billion, a price-to-earnings ratio of -49.28 and a beta of 1.56.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, July 31st. The aircraft producer reported ($2.90) EPS for the quarter, missing the consensus estimate of ($1.00) by ($1.90). The business had revenue of $16.87 billion during the quarter, compared to the consensus estimate of $17.35 billion. The company’s quarterly revenue was down 14.6% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.82) EPS. As a group, equities analysts anticipate that The Boeing Company will post -2.38 earnings per share for the current year.

Analysts Set New Price Targets

BA has been the subject of several research analyst reports. Robert W. Baird reduced their price objective on Boeing from $300.00 to $240.00 and set an “outperform” rating for the company in a research note on Monday, June 3rd. Citigroup decreased their price objective on shares of Boeing from $252.00 to $224.00 and set a “buy” rating for the company in a research note on Thursday, April 25th. Bank of America increased their price objective on shares of Boeing from $180.00 to $200.00 and gave the stock a “neutral” rating in a research note on Thursday, June 13th. Argus downgraded shares of Boeing from a “buy” rating to a “hold” rating in a research report on Tuesday, April 30th. Finally, Stifel Nicolaus increased their price target on Boeing from $230.00 to $235.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $215.18.

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.