The Boeing Company (NYSE:BA) Stock Position Decreased by Blue Trust Inc.

Blue Trust Inc. lowered its holdings in The Boeing Company (NYSE:BA) by 22.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,429 shares of the aircraft producer’s stock after selling 3,521 shares during the period. Blue Trust Inc.’s holdings in Boeing were worth $2,200,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Sugar Maple Asset Management LLC acquired a new stake in shares of Boeing in the 4th quarter worth about $27,000. RPg Family Wealth Advisory LLC bought a new stake in shares of Boeing during the third quarter valued at approximately $28,000. Fiduciary Advisors Inc. bought a new position in Boeing in the 4th quarter worth approximately $28,000. Cedar Wealth Management LLC acquired a new stake in Boeing in the 3rd quarter valued at approximately $30,000. Finally, Heck Capital Advisors LLC bought a new stake in Boeing during the 4th quarter valued at $33,000. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. UBS Group lifted their price objective on shares of Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Robert W. Baird decreased their price objective on shares of Boeing from $240.00 to $200.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Citigroup upped their target price on Boeing from $207.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. JPMorgan Chase & Co. lifted their price target on Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Finally, Barclays raised Boeing from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $190.00 to $210.00 in a research note on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Boeing presently has an average rating of “Moderate Buy” and an average target price of $195.16.

Boeing Price Performance

BA opened at $184.52 on Friday. The company has a market capitalization of $138.40 billion, a PE ratio of -10.07 and a beta of 1.52. The business has a 50-day moving average of $174.96 and a 200-day moving average of $164.24. The Boeing Company has a fifty-two week low of $137.03 and a fifty-two week high of $208.10.

Boeing (NYSE:BA) last posted its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same period in the prior year, the company earned ($0.47) EPS. On average, equities research analysts expect that The Boeing Company will post -2.3 earnings per share for the current fiscal year.

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.