First Financial Bank Trust Division Sells 144 Shares of The Boeing Company (NYSE:BA)

First Financial Bank Trust Division cut its stake in shares of The Boeing Company (NYSE:BA) by 2.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,494 shares of the aircraft producer’s stock after selling 144 shares during the quarter. First Financial Bank Trust Division’s holdings in Boeing were worth $1,149,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Rockefeller Capital Management L.P. increased its holdings in Boeing by 8.8% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 473,917 shares of the aircraft producer’s stock worth $72,075,000 after purchasing an additional 38,300 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of Boeing by 6.1% in the third quarter. Principal Financial Group Inc. now owns 666,244 shares of the aircraft producer’s stock valued at $101,296,000 after buying an additional 38,332 shares during the period. Jennison Associates LLC increased its stake in shares of Boeing by 9.9% in the third quarter. Jennison Associates LLC now owns 6,700,706 shares of the aircraft producer’s stock valued at $1,018,775,000 after buying an additional 602,143 shares during the period. World Investment Advisors LLC raised its holdings in Boeing by 243.4% in the 3rd quarter. World Investment Advisors LLC now owns 5,381 shares of the aircraft producer’s stock valued at $818,000 after buying an additional 3,814 shares during the last quarter. Finally, ING Groep NV acquired a new stake in Boeing during the 3rd quarter worth approximately $11,679,000. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Boeing Stock Down 2.9 %

BA traded down $5.13 during midday trading on Thursday, hitting $171.87. The company had a trading volume of 12,315,286 shares, compared to its average volume of 9,357,763. The company has a market capitalization of $106.25 billion, a price-to-earnings ratio of -13.32 and a beta of 1.56. The stock’s 50 day moving average price is $158.80 and its 200 day moving average price is $165.49. The Boeing Company has a 52 week low of $137.03 and a 52 week high of $250.19.

Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share 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. During the same quarter in the prior year, the business posted ($3.26) earnings per share. The business’s revenue for the quarter was down 1.5% compared to the same quarter last year. Research analysts predict that The Boeing Company will post -16.18 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have issued reports on BA shares. Deutsche Bank Aktiengesellschaft upped their price target on shares of Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday. Jefferies Financial Group decreased their price objective on Boeing from $270.00 to $240.00 and set a “buy” rating for the company in a report on Monday, September 23rd. Northcoast Research raised Boeing from a “sell” rating to a “neutral” rating in a report on Thursday, December 12th. Robert W. Baird decreased their price target on Boeing from $240.00 to $200.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Finally, Benchmark restated a “buy” rating and set a $250.00 price objective on shares of Boeing in a research report on Thursday, October 24th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Boeing has an average rating of “Hold” and an average target price of $191.16.

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.