First Citizens Bank & Trust Co. Grows Stock Position in The Boeing Company (NYSE:BA)

First Citizens Bank & Trust Co. boosted its stake in The Boeing Company (NYSE:BA) by 2.6% in the fourth quarter, Holdings Channel reports. The fund owned 7,899 shares of the aircraft producer’s stock after buying an additional 202 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in Boeing were worth $1,398,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Affiance Financial LLC purchased a new position in Boeing in the 4th quarter worth approximately $300,000. Jacksonville Wealth Management LLC purchased a new position in Boeing in the 4th quarter worth approximately $347,000. B.O.S.S. Retirement Advisors LLC boosted its holdings in Boeing by 82.7% in the 4th quarter. B.O.S.S. Retirement Advisors LLC now owns 2,594 shares of the aircraft producer’s stock worth $459,000 after acquiring an additional 1,174 shares during the period. Toth Financial Advisory Corp raised its position in shares of Boeing by 8.2% in the 4th quarter. Toth Financial Advisory Corp now owns 2,816 shares of the aircraft producer’s stock valued at $498,000 after purchasing an additional 214 shares in the last quarter. Finally, Cedar Mountain Advisors LLC raised its position in shares of Boeing by 19.8% in the 4th quarter. Cedar Mountain Advisors LLC now owns 1,818 shares of the aircraft producer’s stock valued at $322,000 after purchasing an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on BA. Morgan Stanley cut their target price on Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 24th. Benchmark reaffirmed a “buy” rating and issued a $250.00 target price on shares of Boeing in a research report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft upped their target price on Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, January 2nd. Sanford C. Bernstein lowered Boeing from an “outperform” rating to a “market perform” rating and cut their target price for the company from $195.00 to $169.00 in a research report on Wednesday, October 30th. Finally, TD Cowen dropped their price target on Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Boeing has an average rating of “Moderate Buy” and a consensus target price of $192.11.

Boeing Price Performance

Shares of BA opened at $175.95 on Monday. The Boeing Company has a 12 month low of $137.03 and a 12 month high of $214.63. The company has a market cap of $108.77 billion, a P/E ratio of -13.64 and a beta of 1.52. The stock has a fifty day moving average price of $166.42 and a 200 day moving average price of $164.42.

Boeing 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.