Community Bank & Trust Waco Texas Sells 103 Shares of The Boeing Company (NYSE:BA)

Community Bank & Trust Waco Texas lessened its stake in shares of The Boeing Company (NYSE:BA) by 2.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,774 shares of the aircraft producer’s stock after selling 103 shares during the period. Community Bank & Trust Waco Texas’ holdings in Boeing were worth $574,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Kiely Wealth Advisory Group Inc. acquired a new position in Boeing during the 2nd quarter valued at approximately $33,000. Hobbs Group Advisors LLC purchased a new position in Boeing during the second quarter valued at $34,000. Harel Insurance Investments & Financial Services Ltd. lifted its position in shares of Boeing by 351.1% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 212 shares of the aircraft producer’s stock valued at $39,000 after acquiring an additional 165 shares in the last quarter. 1620 Investment Advisors Inc. acquired a new position in Boeing in the 2nd quarter valued at $39,000. Finally, Strategic Financial Concepts LLC acquired a new position in shares of Boeing during the 2nd quarter valued at about $41,000. Institutional investors own 64.82% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on BA shares. Morgan Stanley dropped their price objective on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a report on Thursday, October 24th. Robert W. Baird decreased their price target on Boeing from $240.00 to $200.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Sanford C. Bernstein lowered shares of 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. Benchmark reissued a “buy” rating and issued a $250.00 price objective on shares of Boeing in a research note on Thursday, October 24th. Finally, JPMorgan Chase & Co. dropped their price objective on Boeing from $235.00 to $195.00 and set an “overweight” rating for the company in a research report on Monday, October 14th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Boeing has an average rating of “Hold” and a consensus price target of $190.37.

Boeing Stock Performance

Shares of NYSE BA opened at $145.17 on Wednesday. The stock has a market capitalization of $89.74 billion, a PE ratio of -11.25 and a beta of 1.57. The Boeing Company has a 52 week low of $143.85 and a 52 week high of $267.54. The stock has a 50 day moving average price of $154.49 and a 200 day moving average price of $170.11.

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

About Boeing

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.