City Holding Co. Sells 1,046 Shares of The Boeing Company (NYSE:BA)

City Holding Co. decreased its holdings in shares of The Boeing Company (NYSE:BA) by 34.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,977 shares of the aircraft producer’s stock after selling 1,046 shares during the quarter. City Holding Co.’s holdings in Boeing were worth $350,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in BA. American Century Companies Inc. grew its holdings in Boeing by 20.8% during the 2nd quarter. American Century Companies Inc. now owns 44,992 shares of the aircraft producer’s stock valued at $8,189,000 after buying an additional 7,739 shares in the last quarter. AE Wealth Management LLC boosted its position in shares of Boeing by 19.5% in the second quarter. AE Wealth Management LLC now owns 16,402 shares of the aircraft producer’s stock valued at $2,985,000 after acquiring an additional 2,678 shares during the period. Pacer Advisors Inc. grew its stake in Boeing by 5.3% during the second quarter. Pacer Advisors Inc. now owns 41,287 shares of the aircraft producer’s stock valued at $7,515,000 after acquiring an additional 2,066 shares in the last quarter. Sei Investments Co. increased its holdings in Boeing by 4.7% during the 2nd quarter. Sei Investments Co. now owns 245,647 shares of the aircraft producer’s stock worth $44,710,000 after acquiring an additional 11,092 shares during the period. Finally, Thrivent Financial for Lutherans lifted its stake in Boeing by 28.2% in the 2nd quarter. Thrivent Financial for Lutherans now owns 32,646 shares of the aircraft producer’s stock worth $5,942,000 after purchasing an additional 7,182 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on BA. Susquehanna decreased their price target on shares of Boeing from $210.00 to $200.00 and set a “positive” rating on the stock in a report on Thursday, October 24th. UBS Group lowered their price target on Boeing from $215.00 to $195.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. JPMorgan Chase & Co. cut their price objective on Boeing from $195.00 to $190.00 and set an “overweight” rating for the company in a report on Monday, November 25th. Jefferies Financial Group lowered their target price on shares of Boeing from $270.00 to $240.00 and set a “buy” rating on the stock in a research note on Monday, September 23rd. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 price target on shares of Boeing in a research note on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $192.21.

Boeing Trading Up 1.3 %

BA stock opened at $171.14 on Tuesday. The stock has a market capitalization of $105.80 billion, a price-to-earnings ratio of -13.27 and a beta of 1.52. The firm’s 50-day moving average price is $163.15 and its two-hundred day moving average price is $164.61. The Boeing Company has a 12-month low of $137.03 and a 12-month high of $217.59.

Boeing (NYSE:BA) last announced its quarterly 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 company had revenue of $17.84 billion during the quarter, compared to the consensus estimate of $17.81 billion. During the same quarter in the previous year, the company posted ($3.26) EPS. Boeing’s revenue for the quarter was down 1.5% compared to the same quarter last year. Equities analysts predict that The Boeing Company will post -16.43 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.