TFC Financial Management Inc. Reduces Position in The Boeing Company (NYSE:BA)

TFC Financial Management Inc. trimmed its position in The Boeing Company (NYSE:BA) by 33.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 455 shares of the aircraft producer’s stock after selling 225 shares during the quarter. TFC Financial Management Inc.’s holdings in Boeing were worth $81,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of BA. Chaney Capital Management Inc. boosted its position in shares of Boeing by 2.1% during the 4th quarter. Chaney Capital Management Inc. now owns 2,870 shares of the aircraft producer’s stock worth $508,000 after purchasing an additional 58 shares during the period. Farmers & Merchants Investments Inc. boosted its position in Boeing by 0.6% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 10,608 shares of the aircraft producer’s stock valued at $1,878,000 after buying an additional 59 shares during the period. Sterneck Capital Management LLC raised its holdings in shares of Boeing by 2.3% in the 4th quarter. Sterneck Capital Management LLC now owns 2,992 shares of the aircraft producer’s stock valued at $530,000 after purchasing an additional 66 shares in the last quarter. Peoples Financial Services CORP. raised its holdings in shares of Boeing by 0.8% in the 3rd quarter. Peoples Financial Services CORP. now owns 8,893 shares of the aircraft producer’s stock valued at $1,352,000 after purchasing an additional 67 shares in the last quarter. Finally, GSG Advisors LLC raised its holdings in shares of Boeing by 4.7% in the 4th quarter. GSG Advisors LLC now owns 1,490 shares of the aircraft producer’s stock valued at $264,000 after purchasing an additional 67 shares in the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

BA has been the topic of a number of recent research reports. Wells Fargo & Company lifted their price objective on shares of Boeing from $85.00 to $103.00 and gave the company an “underweight” rating in a research note on Wednesday, January 29th. Robert W. Baird lowered their target price on shares of Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, January 2nd. Morgan Stanley decreased their price objective on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a report on Thursday, October 24th. Finally, Citigroup boosted their price objective on shares of Boeing from $207.00 to $210.00 and gave the stock a “buy” rating in a report on Monday. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $195.16.

Boeing Stock Up 3.1 %

NYSE BA opened at $186.04 on Thursday. The stock has a market capitalization of $139.54 billion, a PE ratio of -10.16 and a beta of 1.52. The company has a 50 day moving average price of $173.21 and a two-hundred day moving average price of $163.95. The Boeing Company has a 12-month low of $137.03 and a 12-month high of $208.10.

Boeing (NYSE:BA) last issued its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same period last year, the business posted ($0.47) EPS. As a group, equities analysts anticipate that The Boeing Company will post -2.3 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.