415 Shares in The Boeing Company (NYSE:BA) Acquired by Coastline Trust Co

Coastline Trust Co bought a new stake in shares of The Boeing Company (NYSE:BA) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 415 shares of the aircraft producer’s stock, valued at approximately $63,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Newport Trust Company LLC increased its holdings in Boeing by 1.2% during the second quarter. Newport Trust Company LLC now owns 31,640,184 shares of the aircraft producer’s stock valued at $5,758,830,000 after buying an additional 388,633 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Boeing by 1.4% in the second quarter. Massachusetts Financial Services Co. MA now owns 7,619,126 shares of the aircraft producer’s stock worth $1,386,757,000 after buying an additional 106,513 shares during the period. Legal & General Group Plc lifted its position in shares of Boeing by 2.0% during the 2nd quarter. Legal & General Group Plc now owns 3,432,485 shares of the aircraft producer’s stock valued at $624,749,000 after buying an additional 67,474 shares in the last quarter. Van ECK Associates Corp grew its stake in shares of Boeing by 122.0% during the 3rd quarter. Van ECK Associates Corp now owns 2,277,548 shares of the aircraft producer’s stock valued at $357,712,000 after acquiring an additional 1,251,456 shares during the period. Finally, International Assets Investment Management LLC increased its holdings in Boeing by 289.8% in the 3rd quarter. International Assets Investment Management LLC now owns 1,682,970 shares of the aircraft producer’s stock worth $2,558,790,000 after acquiring an additional 1,251,165 shares in the last quarter. 64.82% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on BA shares. JPMorgan Chase & Co. dropped their price target on shares of Boeing from $235.00 to $195.00 and set an “overweight” rating for the company in a research report on Monday, October 14th. Robert W. Baird dropped their target price 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. Wells Fargo & Company cut their price target on Boeing from $86.00 to $85.00 and set an “underweight” rating for the company in a research note on Monday, November 4th. UBS Group dropped their price objective on Boeing from $215.00 to $195.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. Finally, Benchmark reissued a “buy” rating and set a $250.00 target price on shares of Boeing in a research note on Thursday, October 24th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $190.37.

Boeing Price Performance

Shares of NYSE:BA opened at $140.19 on Friday. The firm has a market capitalization of $86.67 billion, a PE ratio of -10.87 and a beta of 1.57. The business has a 50 day simple moving average of $153.20 and a two-hundred day simple moving average of $169.45. The Boeing Company has a 1 year low of $137.03 and a 1 year high of $267.54.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share (EPS) 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 the consensus estimate of $17.81 billion. During the same period in the prior year, the firm posted ($3.26) EPS. The firm’s revenue for the quarter was down 1.5% compared to the same quarter last year. Equities research analysts expect that The Boeing Company will post -16.09 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.