Charles Schwab Trust Co Acquires 1,475 Shares of The Boeing Company (NYSE:BA)

Charles Schwab Trust Co boosted its position in shares of The Boeing Company (NYSE:BA) by 36.9% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 5,474 shares of the aircraft producer’s stock after buying an additional 1,475 shares during the quarter. Charles Schwab Trust Co’s holdings in Boeing were worth $832,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Comerica Bank increased its holdings in Boeing by 2.9% in the 4th quarter. Comerica Bank now owns 139,417 shares of the aircraft producer’s stock worth $36,340,000 after buying an additional 3,959 shares during the period. Fort Sheridan Advisors LLC boosted its holdings in Boeing by 3.1% during the 4th quarter. Fort Sheridan Advisors LLC now owns 45,683 shares of the aircraft producer’s stock valued at $11,908,000 after acquiring an additional 1,384 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in Boeing by 23.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,823,006 shares of the aircraft producer’s stock valued at $2,560,466,000 after acquiring an additional 1,884,850 shares during the period. Pettyjohn Wood & White Inc. boosted its stake in shares of Boeing by 6.3% in the 4th quarter. Pettyjohn Wood & White Inc. now owns 17,911 shares of the aircraft producer’s stock valued at $4,669,000 after buying an additional 1,055 shares during the period. Finally, O Dell Group LLC purchased a new position in shares of Boeing in the 4th quarter valued at about $159,000. 64.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on BA shares. Wells Fargo & Company reduced their price objective on Boeing from $119.00 to $110.00 and set an “underweight” rating for the company in a research note on Tuesday, October 1st. Sanford C. Bernstein reduced their price objective on Boeing from $222.00 to $207.00 and set an “outperform” rating on the stock in a research report on Monday, August 5th. Bank of America upped their price objective 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 restated a “positive” rating and set a $230.00 target price on shares of Boeing in a report on Wednesday, August 14th. Finally, The Goldman Sachs Group dropped their price objective on Boeing from $232.00 to $202.00 and set a “buy” rating on the stock in a report on Tuesday, September 24th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $206.00.

Boeing Stock Performance

Shares of NYSE BA traded up $2.72 during mid-day trading on Friday, reaching $149.34. The company’s stock had a trading volume of 5,226,458 shares, compared to its average volume of 8,025,508. The Boeing Company has a 1-year low of $146.26 and a 1-year high of $267.54. The stock has a market capitalization of $92.02 billion, a P/E ratio of -26.52 and a beta of 1.57. The stock has a 50-day moving average of $162.79 and a two-hundred day moving average of $174.22.

Boeing (NYSE:BA) last announced its earnings results on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share for the quarter, missing the consensus estimate of ($1.00) by ($1.90). The business had revenue of $16.87 billion for the quarter, compared to the consensus estimate of $17.35 billion. During the same period in the previous year, the business posted ($0.82) earnings per share. Boeing’s revenue for the quarter was down 14.6% compared to the same quarter last year. Analysts predict that The Boeing Company will post -5.35 EPS for the current fiscal year.

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.