NCP Inc. Has $1.60 Million Holdings in The Boeing Company (NYSE:BA)

NCP Inc. reduced its holdings in shares of The Boeing Company (NYSE:BA) by 31.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 9,044 shares of the aircraft producer’s stock after selling 4,235 shares during the quarter. Boeing accounts for 0.8% of NCP Inc.’s holdings, making the stock its 18th biggest position. NCP Inc.’s holdings in Boeing were worth $1,601,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of BA. Sierra Ocean LLC acquired a new stake in Boeing during the fourth quarter worth approximately $26,000. Sugar Maple Asset Management LLC acquired a new stake in shares of Boeing during the 4th quarter worth approximately $27,000. RPg Family Wealth Advisory LLC acquired a new stake in shares of Boeing during the 3rd quarter worth approximately $28,000. Fiduciary Advisors Inc. acquired a new stake in shares of Boeing during the 4th quarter worth approximately $28,000. Finally, HighMark Wealth Management LLC grew its position in shares of Boeing by 121.6% during the 4th quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock worth $29,000 after buying an additional 90 shares during the period. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have commented on BA. JPMorgan Chase & Co. raised their price target on shares of Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. UBS Group raised their price objective on Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Susquehanna raised their price objective on Boeing from $200.00 to $205.00 and gave the company a “positive” rating in a research note on Wednesday, January 29th. Citigroup lifted their price target on shares of Boeing from $207.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, February 10th. Finally, Northcoast Research upgraded shares of Boeing from a “sell” rating to a “neutral” rating in a report on Thursday, December 12th. Two 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 given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $195.16.

Insider Activity

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $180.69, for a total transaction of $570,799.71. Following the sale, the executive vice president now owns 19,213 shares in the company, valued at $3,471,596.97. This represents a 14.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.16% of the company’s stock.

Boeing Stock Down 0.9 %

BA opened at $178.36 on Wednesday. The stock has a market cap of $133.78 billion, a price-to-earnings ratio of -9.74 and a beta of 1.52. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $208.10. The company’s 50-day moving average price is $176.98 and its two-hundred day moving average price is $164.55.

Boeing (NYSE:BA) last posted its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same quarter last year, the firm posted ($0.47) earnings per share. As a group, sell-side analysts anticipate that The Boeing Company will post -2.58 earnings per share 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.