CHICAGO TRUST Co NA Boosts Stake in The Boeing Company (NYSE:BA)

CHICAGO TRUST Co NA grew its holdings in The Boeing Company (NYSE:BA) by 16.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 5,373 shares of the aircraft producer’s stock after acquiring an additional 777 shares during the quarter. CHICAGO TRUST Co NA’s holdings in Boeing were worth $951,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. RPg Family Wealth Advisory LLC bought a new stake in shares of Boeing in the third quarter valued at about $28,000. Cedar Wealth Management LLC bought a new position in shares of Boeing during the third quarter valued at approximately $30,000. Kiely Wealth Advisory Group Inc. purchased a new position in Boeing during the second quarter valued at approximately $33,000. Planning Capital Management Corp lifted its holdings in Boeing by 741.0% during the third quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer’s stock worth $50,000 after buying an additional 289 shares during the period. Finally, Meeder Asset Management Inc. boosted its position in Boeing by 325.4% during the 2nd quarter. Meeder Asset Management Inc. now owns 302 shares of the aircraft producer’s stock valued at $55,000 after acquiring an additional 231 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Stock Down 2.1 %

Shares of Boeing stock traded down $3.58 during midday trading on Monday, hitting $168.42. The company’s stock had a trading volume of 2,626,970 shares, compared to its average volume of 7,996,468. The Boeing Company has a 1-year low of $137.03 and a 1-year high of $217.59. The stock has a 50-day simple moving average of $161.39 and a 200-day simple moving average of $165.16. The firm has a market capitalization of $104.12 billion, a P/E ratio of -13.06 and a beta of 1.52.

Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The business had revenue of $17.84 billion for the quarter, compared to the consensus estimate of $17.81 billion. During the same period last year, the business earned ($3.26) EPS. Boeing’s revenue for the quarter was down 1.5% on a year-over-year basis. As a group, sell-side analysts predict that The Boeing Company will post -16.18 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have commented on BA. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, January 2nd. Sanford C. Bernstein downgraded shares of Boeing from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $195.00 to $169.00 in a report on Wednesday, October 30th. Robert W. Baird cut their price objective on Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Northcoast Research upgraded Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. Finally, UBS Group cut their price target on Boeing from $215.00 to $195.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Boeing currently has an average rating of “Moderate Buy” and an average price target of $192.21.

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.