The Boeing Company (NYSE:BA) Shares Sold by Private Trust Co. NA

Private Trust Co. NA lowered its holdings in The Boeing Company (NYSE:BA) by 24.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,026 shares of the aircraft producer’s stock after selling 1,654 shares during the period. Private Trust Co. NA’s holdings in Boeing were worth $764,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Janus Henderson Group PLC grew its position in Boeing by 21.3% during the 1st quarter. Janus Henderson Group PLC now owns 93,046 shares of the aircraft producer’s stock worth $17,948,000 after purchasing an additional 16,342 shares in the last quarter. Tidal Investments LLC raised its position in Boeing by 22.1% during the first quarter. Tidal Investments LLC now owns 36,178 shares of the aircraft producer’s stock valued at $6,973,000 after buying an additional 6,559 shares during the period. iA Global Asset Management Inc. lifted its stake in Boeing by 60.7% in the 1st quarter. iA Global Asset Management Inc. now owns 16,527 shares of the aircraft producer’s stock worth $3,190,000 after acquiring an additional 6,242 shares in the last quarter. Plato Investment Management Ltd boosted its position in Boeing by 1,860.7% during the 1st quarter. Plato Investment Management Ltd now owns 10,078 shares of the aircraft producer’s stock worth $1,945,000 after acquiring an additional 9,564 shares during the period. Finally, Montchanin Asset Management LLC purchased a new position in Boeing during the 1st quarter valued at about $1,674,000. 64.82% of the stock is currently owned by institutional investors.

Boeing Price Performance

Shares of Boeing stock opened at $150.72 on Wednesday. The company has a market cap of $93.18 billion, a PE ratio of -11.68 and a beta of 1.57. The firm has a fifty day moving average price of $151.53 and a two-hundred day moving average price of $167.88. The Boeing Company has a fifty-two week low of $137.03 and a fifty-two week high of $267.54.

Boeing (NYSE:BA) last released its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The company had revenue of $17.84 billion for the quarter, compared to analyst estimates of $17.81 billion. During the same period in the previous year, the firm posted ($3.26) EPS. The business’s revenue for the quarter was down 1.5% compared to the same quarter last year. Analysts expect that The Boeing Company will post -16.2 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently commented on BA. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Boeing from $225.00 to $195.00 and set a “buy” rating for the company in a report on Thursday, October 3rd. Wells Fargo & Company reduced their price objective on Boeing from $86.00 to $85.00 and set an “underweight” rating for the company in a research report on Monday, November 4th. Morgan Stanley cut their price target on Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a research note on Thursday, October 24th. Stifel Nicolaus boosted their price target on Boeing from $230.00 to $235.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Finally, UBS Group cut their price objective on shares of Boeing from $215.00 to $195.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $190.11.

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.