Private Trust Co. NA trimmed its stake in shares of The Boeing Company (NYSE:BA – Free Report) by 24.8% during the third quarter, Holdings Channel reports. The firm 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 large investors also recently modified their holdings of the company. Janus Henderson Group PLC grew its position in Boeing by 21.3% in the first quarter. Janus Henderson Group PLC now owns 93,046 shares of the aircraft producer’s stock valued at $17,948,000 after acquiring an additional 16,342 shares during the period. Tidal Investments LLC increased its position in shares of Boeing by 22.1% during the 1st quarter. Tidal Investments LLC now owns 36,178 shares of the aircraft producer’s stock worth $6,973,000 after purchasing an additional 6,559 shares in the last quarter. iA Global Asset Management Inc. lifted its holdings in Boeing by 60.7% during the 1st quarter. iA Global Asset Management Inc. now owns 16,527 shares of the aircraft producer’s stock valued at $3,190,000 after purchasing an additional 6,242 shares during the last quarter. Plato Investment Management Ltd grew its stake in Boeing by 1,860.7% during the first quarter. Plato Investment Management Ltd now owns 10,078 shares of the aircraft producer’s stock worth $1,945,000 after buying an additional 9,564 shares during the last quarter. Finally, Montchanin Asset Management LLC acquired a new stake in shares of Boeing during the first quarter worth approximately $1,674,000. 64.82% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of research firms recently commented on BA. Deutsche Bank Aktiengesellschaft decreased their price target on Boeing from $225.00 to $195.00 and set a “buy” rating on the stock in a research report on Thursday, October 3rd. Benchmark reiterated a “buy” rating and set a $250.00 price target on shares of Boeing in a research report on Thursday, October 24th. JPMorgan Chase & Co. lowered their price objective on shares of Boeing from $195.00 to $190.00 and set an “overweight” rating for the company in a research report on Monday. 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. Finally, Morgan Stanley lowered their price target 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. Three analysts have rated the stock with a sell rating, nine have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $190.11.
Boeing Trading Down 1.6 %
BA stock opened at $150.72 on Wednesday. The Boeing Company has a 1-year low of $137.03 and a 1-year high of $267.54. The business’s 50-day moving average price is $151.53 and its two-hundred day moving average price is $167.88. The firm has a market cap of $93.18 billion, a PE ratio of -11.68 and a beta of 1.57.
Boeing (NYSE:BA – Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The company had revenue of $17.84 billion during the quarter, compared to analyst estimates of $17.81 billion. The business’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period in the previous year, the company earned ($3.26) EPS. On average, analysts forecast that The Boeing Company will post -16.2 earnings per share 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.
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