Charles Schwab Trust Co Sells 1,530 Shares of The Boeing Company (NYSE:BA)

Charles Schwab Trust Co lowered its holdings in The Boeing Company (NYSE:BA) by 28.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,944 shares of the aircraft producer’s stock after selling 1,530 shares during the quarter. Charles Schwab Trust Co’s holdings in Boeing were worth $698,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Sugar Maple Asset Management LLC acquired a new stake in Boeing during the 4th quarter worth $27,000. RPg Family Wealth Advisory LLC acquired a new stake in shares of Boeing during the third quarter worth about $28,000. Cedar Wealth Management LLC acquired a new stake in Boeing during the 3rd quarter worth approximately $30,000. Planning Capital Management Corp raised its holdings in shares of 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 acquiring an additional 289 shares during the period. Finally, Truvestments Capital LLC acquired a new position in shares of Boeing during the third quarter worth about $58,000. Institutional investors own 64.82% of the company’s stock.

Boeing Trading Up 1.3 %

Shares of BA opened at $171.14 on Tuesday. The stock has a market capitalization of $105.80 billion, a PE ratio of -13.27 and a beta of 1.52. The firm’s 50 day moving average is $163.15 and its 200-day moving average is $164.61. The Boeing Company has a 12 month low of $137.03 and a 12 month high of $217.59.

Boeing (NYSE:BA) last posted its quarterly 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 during the quarter, compared to analyst estimates of $17.81 billion. The firm’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period in the previous year, the business posted ($3.26) earnings per share. Equities research analysts predict that The Boeing Company will post -16.43 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

BA has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, January 2nd. The Goldman Sachs Group cut their price target on shares of Boeing from $232.00 to $202.00 and set a “buy” rating on the stock in a research report on Tuesday, September 24th. JPMorgan Chase & Co. lowered their target price on Boeing from $195.00 to $190.00 and set an “overweight” rating on the stock in a research report on Monday, November 25th. UBS Group reduced their price target on Boeing from $215.00 to $195.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. Finally, Benchmark reaffirmed a “buy” rating and set a $250.00 price target on shares of Boeing in a research report on Thursday, October 24th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Boeing presently has an average rating of “Moderate Buy” and an average target price of $192.21.

About Boeing

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.