Missouri Trust & Investment Co Acquires 506 Shares of The Boeing Company (NYSE:BA)

Missouri Trust & Investment Co lifted its holdings in The Boeing Company (NYSE:BA) by 4.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,866 shares of the aircraft producer’s stock after acquiring an additional 506 shares during the period. Missouri Trust & Investment Co’s holdings in Boeing were worth $1,804,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Lazari Capital Management Inc. lifted its position in Boeing by 55.7% in the second quarter. Lazari Capital Management Inc. now owns 23,216 shares of the aircraft producer’s stock worth $4,226,000 after buying an additional 8,309 shares during the last quarter. Patten & Patten Inc. TN lifted its position in Boeing by 19.8% in the third quarter. Patten & Patten Inc. TN now owns 24,603 shares of the aircraft producer’s stock worth $3,741,000 after buying an additional 4,065 shares during the last quarter. Czech National Bank lifted its position in shares of Boeing by 8.4% during the third quarter. Czech National Bank now owns 119,243 shares of the aircraft producer’s stock worth $18,130,000 after purchasing an additional 9,281 shares during the last quarter. BSN CAPITAL PARTNERS Ltd bought a new stake in shares of Boeing during the third quarter worth $11,237,000. Finally, Sanctuary Advisors LLC bought a new stake in shares of Boeing during the second quarter worth $21,405,000. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Sanford C. Bernstein downgraded Boeing from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $195.00 to $169.00 in a research report on Wednesday, October 30th. Royal Bank of Canada reiterated an “outperform” rating and set a $200.00 target price on shares of Boeing in a research report on Wednesday, October 30th. Morgan Stanley decreased their target price on Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a research report on Thursday, October 24th. Wells Fargo & Company decreased their target price on Boeing from $86.00 to $85.00 and set an “underweight” rating for the company in a research report on Monday, November 4th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Boeing from $225.00 to $195.00 and set a “buy” rating for the company in a report on Thursday, October 3rd. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $190.37.

Boeing Trading Down 1.5 %

NYSE:BA traded down $2.19 during trading hours on Tuesday, hitting $146.77. The company had a trading volume of 3,299,945 shares, compared to its average volume of 9,015,291. The company has a 50-day moving average of $154.81 and a 200 day moving average of $170.26. The company has a market cap of $90.73 billion, a P/E ratio of -11.55 and a beta of 1.57. The Boeing Company has a 1 year low of $144.13 and a 1 year high of $267.54.

Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The firm had revenue of $17.84 billion during the quarter, compared to analyst estimates of $17.81 billion. The company’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same period in the previous year, the company posted ($3.26) EPS. On average, analysts forecast that The Boeing Company will post -16.09 earnings per share for the current year.

Boeing 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.