Community Bank & Trust Waco Texas Has $706,000 Stock Holdings in The Boeing Company (NYSE:BA)

Community Bank & Trust Waco Texas decreased its stake in shares of The Boeing Company (NYSE:BA) by 11.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,877 shares of the aircraft producer’s stock after selling 519 shares during the period. Community Bank & Trust Waco Texas’ holdings in Boeing were worth $706,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Brio Consultants LLC bought a new position in Boeing during the 4th quarter worth approximately $207,000. Van ECK Associates Corp lifted its holdings in Boeing by 11.6% during the fourth quarter. Van ECK Associates Corp now owns 3,426 shares of the aircraft producer’s stock worth $893,000 after acquiring an additional 357 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Boeing by 0.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,012,207 shares of the aircraft producer’s stock valued at $785,162,000 after acquiring an additional 27,347 shares during the period. Gryphon Financial Partners LLC bought a new position in shares of Boeing during the 4th quarter valued at about $258,000. Finally, Everpar Advisors LLC acquired a new position in shares of Boeing in the 4th quarter valued at approximately $306,000. Institutional investors own 64.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on BA shares. Stifel Nicolaus raised their price objective on Boeing from $230.00 to $235.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Robert W. Baird decreased their price target on Boeing from $300.00 to $240.00 and set an “outperform” rating for the company in a research note on Monday, June 3rd. Bank of America increased their price target on shares of Boeing from $180.00 to $200.00 and gave the company a “neutral” rating in a research note on Thursday, June 13th. Susquehanna reissued a “positive” rating and set a $230.00 price target on shares of Boeing in a research report on Wednesday, August 14th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $225.00 price objective on shares of Boeing in a research report on Tuesday, June 25th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Boeing presently has a consensus rating of “Moderate Buy” and an average price target of $211.29.

Boeing Stock Up 1.4 %

Shares of NYSE:BA traded up $2.25 during midday trading on Wednesday, reaching $163.27. The company’s stock had a trading volume of 2,045,804 shares, compared to its average volume of 7,877,426. The Boeing Company has a 12-month low of $158.30 and a 12-month high of $267.54. The firm has a market capitalization of $100.23 billion, a P/E ratio of -45.36 and a beta of 1.56. The firm has a 50 day moving average of $177.74 and a 200-day moving average of $181.39.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.00) by ($1.90). The company had revenue of $16.87 billion for the quarter, compared to the consensus estimate of $17.35 billion. During the same quarter last year, the firm posted ($0.82) EPS. Boeing’s quarterly revenue was down 14.6% compared to the same quarter last year. On average, research analysts predict that The Boeing Company will post -4.26 EPS for the current year.

Boeing 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.