RNC Capital Management LLC Has $691,000 Stake in The Boeing Company (NYSE:BA)

RNC Capital Management LLC lessened its position in The Boeing Company (NYSE:BA – Get Rating) by 2.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,628 shares of the aircraft producer’s stock after selling 100 shares during the period. RNC Capital Management LLC’s holdings in Boeing were worth $691,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of BA. CarsonAllaria Wealth Management Ltd. lifted its holdings in shares of Boeing by 88.7% during the third quarter. CarsonAllaria Wealth Management Ltd. now owns 266 shares of the aircraft producer’s stock worth $32,000 after purchasing an additional 125 shares during the period. Karp Capital Management Corp acquired a new position in Boeing during the 3rd quarter worth about $33,000. Selway Asset Management acquired a new position in Boeing during the 3rd quarter worth about $36,000. Ten Capital Wealth Advisors LLC increased its stake in shares of Boeing by 200.9% in the third quarter. Ten Capital Wealth Advisors LLC now owns 325 shares of the aircraft producer’s stock valued at $39,000 after buying an additional 217 shares during the period. Finally, Beaird Harris Wealth Management LLC raised its position in shares of Boeing by 61.6% during the third quarter. Beaird Harris Wealth Management LLC now owns 328 shares of the aircraft producer’s stock worth $40,000 after acquiring an additional 125 shares during the last quarter. 57.07% of the stock is currently owned by institutional investors.

Boeing Price Performance

BA opened at $201.05 on Friday. The firm has a market capitalization of $120.47 billion, a PE ratio of -24.25, a P/E/G ratio of 53.21 and a beta of 1.43. The Boeing Company has a fifty-two week low of $113.02 and a fifty-two week high of $221.33. The company’s 50-day moving average is $209.05 and its 200 day moving average is $178.03.

Boeing (NYSE:BA – Get Rating) last issued its quarterly earnings data on Wednesday, January 25th. The aircraft producer reported ($1.75) EPS for the quarter, missing the consensus estimate of $0.05 by ($1.80). The firm had revenue of $19.98 billion during the quarter, compared to analysts’ expectations of $20.10 billion. The firm’s revenue was up 35.1% on a year-over-year basis. During the same period in the previous year, the business posted ($7.69) earnings per share. As a group, analysts expect that The Boeing Company will post 0.74 EPS for the current year.

Analyst Ratings Changes

BA has been the topic of several analyst reports. Susquehanna Bancshares upped their target price on Boeing from $185.00 to $217.00 and gave the company a “positive” rating in a report on Wednesday, December 14th. Susquehanna upped their price objective on shares of Boeing from $185.00 to $217.00 and gave the company a “positive” rating in a research note on Wednesday, December 14th. Citigroup lifted their target price on shares of Boeing from $222.00 to $248.00 and gave the stock a “buy” rating in a research note on Friday, January 27th. Jefferies Financial Group upped their price target on shares of Boeing from $240.00 to $250.00 and gave the company a “buy” rating in a research report on Monday, January 30th. Finally, Royal Bank of Canada set a $225.00 price target on Boeing in a research note on Tuesday, March 14th. Seven research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, Boeing presently has a consensus rating of “Moderate Buy” and an average price target of $225.13.

Boeing Profile

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The Boeing Co is an aerospace company, which engages in the manufacture of commercial jetliners and defense, space, and security systems. It operates through the following segments: Commercial Airplanes (BCA), Defense, Space and Security (BDS), Global Services (BGS), and Boeing Capital (BCC). The Commercial Airplanes segment includes the development, production, and market of commercial jet aircraft and provides fleet support services, principally to the commercial airline industry worldwide.