Trust Investment Advisors Decreases Stock Holdings in The Boeing Company (NYSE:BA)

Trust Investment Advisors reduced its position in shares of The Boeing Company (NYSE:BA) by 1.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,042 shares of the aircraft producer’s stock after selling 89 shares during the period. Boeing accounts for approximately 1.4% of Trust Investment Advisors’ portfolio, making the stock its 16th largest position. Trust Investment Advisors’ holdings in Boeing were worth $1,836,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Trust Co. of Vermont grew its position in Boeing by 1.0% in the third quarter. Trust Co. of Vermont now owns 4,389 shares of the aircraft producer’s stock worth $841,000 after acquiring an additional 45 shares in the last quarter. Benchmark Financial Wealth Advisors LLC boosted its holdings in shares of Boeing by 2.7% in the 4th quarter. Benchmark Financial Wealth Advisors LLC now owns 1,785 shares of the aircraft producer’s stock worth $465,000 after purchasing an additional 47 shares during the period. Waverly Advisors LLC increased its position in shares of Boeing by 0.6% during the 4th quarter. Waverly Advisors LLC now owns 8,015 shares of the aircraft producer’s stock valued at $1,527,000 after purchasing an additional 49 shares during the last quarter. WealthPlan Investment Management LLC raised its holdings in Boeing by 1.0% during the 4th quarter. WealthPlan Investment Management LLC now owns 4,716 shares of the aircraft producer’s stock valued at $1,229,000 after buying an additional 49 shares during the period. Finally, RB Capital Management LLC lifted its position in Boeing by 2.7% in the third quarter. RB Capital Management LLC now owns 1,893 shares of the aircraft producer’s stock worth $363,000 after buying an additional 50 shares during the last quarter. 64.82% of the stock is owned by institutional investors.

Analysts Set New Price Targets

BA has been the topic of several recent analyst reports. JPMorgan Chase & Co. reduced their target price on shares of Boeing from $230.00 to $210.00 and set an “overweight” rating on the stock in a research note on Friday, April 12th. Stifel Nicolaus reduced their price objective on shares of Boeing from $270.00 to $260.00 and set a “buy” rating on the stock in a research report on Wednesday, April 10th. Morgan Stanley dropped their target price on Boeing from $235.00 to $180.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 10th. Melius reaffirmed a “hold” rating on shares of Boeing in a research note on Monday, April 1st. Finally, Royal Bank of Canada decreased their price target on Boeing from $225.00 to $215.00 and set an “outperform” rating for the company in a research note on Tuesday. One research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $229.35.

Boeing Stock Up 0.0 %

BA stock traded up $0.02 during trading on Thursday, hitting $170.23. 4,784,550 shares of the company’s stock traded hands, compared to its average volume of 9,765,469. The business has a fifty day simple moving average of $191.86 and a two-hundred day simple moving average of $207.54. The firm has a market capitalization of $103.86 billion, a P/E ratio of -46.32, a PEG ratio of 116.39 and a beta of 1.52. The Boeing Company has a 1 year low of $167.53 and a 1 year high of $267.54.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.72) by $0.25. The company had revenue of $22.02 billion during the quarter, compared to analysts’ expectations of $21.14 billion. During the same quarter in the prior year, the business posted ($1.75) earnings per share. The company’s revenue was up 10.2% compared to the same quarter last year. On average, equities research analysts predict that The Boeing Company will post 0.37 EPS for the current fiscal 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.