The Boeing Company (NYSE:BA) Shares Acquired by First National Trust Co

First National Trust Co increased its stake in shares of The Boeing Company (NYSE:BA) by 5.5% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 3,316 shares of the aircraft producer’s stock after purchasing an additional 172 shares during the period. First National Trust Co’s holdings in Boeing were worth $504,000 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. Hobbs Group Advisors LLC purchased a new position in shares of Boeing in the second quarter valued at $34,000. Kiely Wealth Advisory Group Inc. purchased a new position in Boeing in the 2nd quarter valued at about $33,000. Harel Insurance Investments & Financial Services Ltd. grew its stake in shares of Boeing by 351.1% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 212 shares of the aircraft producer’s stock valued at $39,000 after acquiring an additional 165 shares in the last quarter. 1620 Investment Advisors Inc. purchased a new stake in shares of Boeing during the second quarter worth about $39,000. Finally, Pathway Financial Advisers LLC acquired a new position in shares of Boeing in the first quarter worth about $53,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Stock Down 3.6 %

Boeing stock opened at $139.98 on Thursday. The Boeing Company has a 52-week low of $139.10 and a 52-week high of $267.54. The firm has a market capitalization of $86.54 billion, a price-to-earnings ratio of -10.85 and a beta of 1.57. The firm has a 50-day moving average price of $154.49 and a two-hundred day moving average price of $170.11.

Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The firm had revenue of $17.84 billion during the quarter, compared to analyst estimates of $17.81 billion. The company’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same period in the previous year, the company posted ($3.26) EPS. Research analysts expect that The Boeing Company will post -16.09 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have issued reports on BA. Royal Bank of Canada restated an “outperform” rating and set a $200.00 price objective on shares of Boeing in a report on Wednesday, October 30th. TD Cowen dropped their price target on shares of Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a research note on Monday, October 14th. Wells Fargo & Company cut their price target on shares of Boeing from $86.00 to $85.00 and set an “underweight” rating on the stock in a report on Monday, November 4th. JPMorgan Chase & Co. decreased their price objective on shares of Boeing from $235.00 to $195.00 and set an “overweight” rating for the company in a report on Monday, October 14th. Finally, Robert W. Baird cut their target price on shares of Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $190.37.

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.