The Boeing Company (NYSE:BA) Stock Holdings Decreased by First American Bank

First American Bank lowered its stake in The Boeing Company (NYSE:BA) by 7.4% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 47,788 shares of the aircraft producer’s stock after selling 3,828 shares during the period. First American Bank’s holdings in Boeing were worth $7,266,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Lazari Capital Management Inc. increased its position in shares of Boeing by 55.7% in the 2nd quarter. Lazari Capital Management Inc. now owns 23,216 shares of the aircraft producer’s stock worth $4,226,000 after purchasing an additional 8,309 shares during the last quarter. Czech National Bank boosted its holdings in shares of Boeing by 8.4% in the 3rd quarter. Czech National Bank now owns 119,243 shares of the aircraft producer’s stock valued at $18,130,000 after buying an additional 9,281 shares during the period. BSN CAPITAL PARTNERS Ltd acquired a new position in shares of Boeing in the 3rd quarter valued at about $11,237,000. Sanctuary Advisors LLC acquired a new position in shares of Boeing in the 2nd quarter valued at about $21,405,000. Finally, Williams Financial LLC acquired a new position in shares of Boeing in the 2nd quarter valued at about $1,637,000. Institutional investors own 64.82% of the company’s stock.

Boeing Price Performance

NYSE BA opened at $155.01 on Monday. The company’s 50 day simple moving average is $159.68 and its 200 day simple moving average is $171.64. The Boeing Company has a 12 month low of $146.02 and a 12 month high of $267.54. The company has a market capitalization of $95.16 billion, a P/E ratio of -43.66 and a beta of 1.57.

Boeing (NYSE:BA) last released its earnings results 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 company had revenue of $17.84 billion for the quarter, compared to analyst estimates of $17.81 billion. During the same quarter in the prior year, the firm earned ($3.26) EPS. Boeing’s quarterly revenue was down 1.5% on a year-over-year basis. On average, analysts anticipate that The Boeing Company will post -5.35 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Sanford C. Bernstein decreased their price target on shares of Boeing from $207.00 to $195.00 and set an “outperform” rating for the company in a report on Thursday, October 17th. Stifel Nicolaus lifted their price target on shares of 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 shares of Boeing from $240.00 to $200.00 and set an “outperform” rating for the company in a report on Thursday. Benchmark reaffirmed a “buy” rating and issued a $250.00 price target on shares of Boeing in a report on Thursday. Finally, Susquehanna reduced their target price on shares of Boeing from $210.00 to $200.00 and set a “positive” rating for the company in a research note on Thursday. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Boeing currently has a consensus rating of “Moderate Buy” and an average price target of $191.79.

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.