Princeton Capital Management LLC Has $424,000 Position in The Boeing Company $BA

Princeton Capital Management LLC cut its holdings in The Boeing Company (NYSE:BA) by 13.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,022 shares of the aircraft producer’s stock after selling 320 shares during the quarter. Princeton Capital Management LLC’s holdings in Boeing were worth $424,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in BA. Harbor Asset Planning Inc. bought a new stake in Boeing in the second quarter valued at about $25,000. Piscataqua Savings Bank grew its position in shares of Boeing by 1,712.5% during the 2nd quarter. Piscataqua Savings Bank now owns 145 shares of the aircraft producer’s stock worth $30,000 after buying an additional 137 shares during the period. IMG Wealth Management Inc. increased its stake in shares of Boeing by 159.4% in the 2nd quarter. IMG Wealth Management Inc. now owns 179 shares of the aircraft producer’s stock valued at $38,000 after acquiring an additional 110 shares during the last quarter. Monetary Management Group Inc. raised its position in shares of Boeing by 33.3% in the 1st quarter. Monetary Management Group Inc. now owns 200 shares of the aircraft producer’s stock valued at $34,000 after acquiring an additional 50 shares during the period. Finally, Keener Financial Planning LLC bought a new position in Boeing during the 2nd quarter worth approximately $41,000. Institutional investors own 64.82% of the company’s stock.

Insiders Place Their Bets

In other Boeing news, Director Mortimer J. Buckley bought 2,200 shares of Boeing stock in a transaction on Tuesday, August 19th. The shares were purchased at an average price of $226.10 per share, with a total value of $497,420.00. Following the acquisition, the director owned 2,200 shares in the company, valued at $497,420. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.09% of the stock is owned by insiders.

Boeing Stock Performance

Shares of NYSE BA opened at $196.65 on Friday. The Boeing Company has a 52 week low of $128.88 and a 52 week high of $242.69. The stock’s fifty day moving average is $217.46 and its 200 day moving average is $213.49. The stock has a market capitalization of $149.47 billion, a P/E ratio of -14.38 and a beta of 1.44.

Boeing (NYSE:BA) last released its earnings results on Wednesday, October 29th. The aircraft producer reported ($7.47) EPS for the quarter, missing the consensus estimate of ($0.51) by ($6.96). The business had revenue of $23.27 billion for the quarter, compared to analysts’ expectations of $21.61 billion. During the same quarter in the prior year, the company posted ($10.44) earnings per share. The firm’s revenue for the quarter was up 30.4% on a year-over-year basis. Equities research analysts forecast that The Boeing Company will post -2.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

BA has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft lowered shares of Boeing from a “buy” rating to a “hold” rating and set a $240.00 price target for the company. in a report on Thursday, October 30th. Sanford C. Bernstein increased their price objective on shares of Boeing from $249.00 to $282.00 and gave the stock an “outperform” rating in a research report on Thursday, October 2nd. Zacks Research lowered Boeing from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 29th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Boeing in a research note on Wednesday, October 8th. Finally, Jefferies Financial Group set a $255.00 price target on Boeing in a research report on Tuesday, September 30th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $241.80.

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.