Chickasaw Capital Management LLC Sells 90 Shares of The Boeing Company (NYSE:BA)

Chickasaw Capital Management LLC lowered its stake in shares of The Boeing Company (NYSE:BA) by 3.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 2,455 shares of the aircraft producer’s stock after selling 90 shares during the period. Chickasaw Capital Management LLC’s holdings in Boeing were worth $435,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. RPg Family Wealth Advisory LLC acquired a new stake in shares of Boeing during the third quarter worth $28,000. Cedar Wealth Management LLC acquired a new position in Boeing in the 3rd quarter worth approximately $30,000. Kiely Wealth Advisory Group Inc. purchased a new stake in shares of Boeing in the 2nd quarter valued at $33,000. Strategic Financial Concepts LLC acquired a new stake in shares of Boeing in the second quarter worth $41,000. Finally, Planning Capital Management Corp raised its holdings in shares of Boeing by 741.0% during the third quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer’s stock worth $50,000 after purchasing an additional 289 shares during the last quarter. Institutional investors own 64.82% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. DZ Bank downgraded Boeing from a “buy” rating to a “hold” rating and set a $152.00 price target on the stock. in a research report on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft lifted their price target on Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, January 2nd. Northcoast Research raised shares of Boeing from a “sell” rating to a “neutral” rating in a research note on Thursday, December 12th. Sanford C. Bernstein cut shares of Boeing from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $195.00 to $169.00 in a research note on Wednesday, October 30th. Finally, The Goldman Sachs Group dropped their price target on shares of Boeing from $232.00 to $202.00 and set a “buy” rating on the stock in a research report on Tuesday, September 24th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $192.21.

Boeing Stock Performance

NYSE:BA traded up $1.77 during trading hours on Tuesday, hitting $172.55. The company’s stock had a trading volume of 5,894,492 shares, compared to its average volume of 9,921,843. The company has a market capitalization of $106.67 billion, a PE ratio of -13.38 and a beta of 1.52. The Boeing Company has a 52-week low of $137.03 and a 52-week high of $233.85. The business’s 50-day moving average is $159.83 and its two-hundred day moving average is $165.30.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The business had revenue of $17.84 billion for the quarter, compared to the consensus estimate of $17.81 billion. The company’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period in the previous year, the business posted ($3.26) earnings per share. As a group, analysts predict that The Boeing Company will post -16.18 EPS for the current fiscal 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.