Nicholas Hoffman & Company LLC. Sells 4,496 Shares of The Boeing Company (NYSE:BA)

Nicholas Hoffman & Company LLC. lowered its position in The Boeing Company (NYSE:BA) by 76.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,359 shares of the aircraft producer’s stock after selling 4,496 shares during the period. Nicholas Hoffman & Company LLC.’s holdings in Boeing were worth $241,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Chaney Capital Management Inc. increased its stake in Boeing by 2.1% in the 4th quarter. Chaney Capital Management Inc. now owns 2,870 shares of the aircraft producer’s stock valued at $508,000 after buying an additional 58 shares during the last quarter. Farmers & Merchants Investments Inc. grew its holdings in shares of 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 acquiring an additional 59 shares in the last quarter. Center for Financial Planning Inc. raised its holdings in Boeing by 12.0% during the fourth quarter. Center for Financial Planning Inc. now owns 562 shares of the aircraft producer’s stock worth $99,000 after acquiring an additional 60 shares in the last quarter. Beacon Capital Management LLC boosted its position in Boeing by 4.0% during the fourth quarter. Beacon Capital Management LLC now owns 1,709 shares of the aircraft producer’s stock valued at $302,000 after purchasing an additional 65 shares during the last quarter. Finally, Sterneck Capital Management LLC grew its stake in Boeing by 2.3% in the fourth 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. Institutional investors and hedge funds own 64.82% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Susquehanna increased their price objective on Boeing from $200.00 to $205.00 and gave the company a “positive” rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. lifted their price objective on shares of Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Citigroup boosted their price objective on shares of Boeing from $207.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. Deutsche Bank Aktiengesellschaft lifted their price target on Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, January 2nd. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $200.00 price objective on shares of Boeing in a research note on Wednesday, January 29th. 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 assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Boeing has an average rating of “Moderate Buy” and a consensus price target of $195.16.

Boeing Stock Down 0.5 %

Shares of NYSE:BA opened at $184.52 on Tuesday. The Boeing Company has a 12-month low of $137.03 and a 12-month high of $208.10. The company’s 50 day moving average price is $174.96 and its two-hundred day moving average price is $163.90. The firm has a market cap of $138.40 billion, a PE ratio of -10.07 and a beta of 1.52.

Boeing (NYSE:BA) last posted its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same period last year, the company earned ($0.47) EPS. On average, research analysts expect that The Boeing Company will post -2.3 EPS for the current year.

Boeing Company Profile

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.