Equitable Trust Co. Increases Stock Position in The Boeing Company (NYSE:BA)

Equitable Trust Co. boosted its stake in The Boeing Company (NYSE:BA) by 12.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 28,198 shares of the aircraft producer’s stock after purchasing an additional 3,065 shares during the quarter. Equitable Trust Co.’s holdings in Boeing were worth $4,991,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Sugar Maple Asset Management LLC purchased a new stake in shares of Boeing during the 4th quarter valued at about $27,000. RPg Family Wealth Advisory LLC purchased a new stake in shares of Boeing during the 3rd quarter valued at about $28,000. Fiduciary Advisors Inc. purchased a new stake in shares of Boeing during the 4th quarter valued at about $28,000. Cedar Wealth Management LLC purchased a new stake in shares of Boeing during the 3rd quarter valued at about $30,000. Finally, Heck Capital Advisors LLC purchased a new stake in shares of Boeing during the 4th quarter valued at about $33,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Stock Performance

NYSE BA opened at $181.51 on Monday. The firm’s 50 day moving average price is $172.22 and its 200-day moving average price is $164.13. The Boeing Company has a 52-week low of $137.03 and a 52-week high of $213.10. The company has a market cap of $136.14 billion, a PE ratio of -9.91 and a beta of 1.52.

Boeing (NYSE:BA) last announced its earnings results 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 quarter in the prior year, the business posted ($0.47) EPS. On average, analysts forecast that The Boeing Company will post -2.3 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently issued reports on BA. Deutsche Bank Aktiengesellschaft upped their target price on shares of Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, January 2nd. Wells Fargo & Company increased their price objective on shares of Boeing from $85.00 to $103.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 29th. DZ Bank lowered shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 price objective on the stock. in a research report on Tuesday, October 15th. Sanford C. Bernstein lowered shares of Boeing from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $195.00 to $169.00 in a research report on Wednesday, October 30th. Finally, Morgan Stanley reduced their price objective on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 24th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $195.00.

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.