CENTRAL TRUST Co Decreases Stock Position in The Boeing Company (NYSE:BA)

CENTRAL TRUST Co decreased its position in shares of The Boeing Company (NYSE:BA) by 0.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,788 shares of the aircraft producer’s stock after selling 242 shares during the period. CENTRAL TRUST Co’s holdings in Boeing were worth $5,137,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC increased its position in shares of Boeing by 289.8% during the third 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 during the last quarter. Vanguard Group Inc. increased its holdings in Boeing by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 49,724,770 shares of the aircraft producer’s stock worth $9,596,383,000 after purchasing an additional 1,222,816 shares during the last quarter. Van ECK Associates Corp increased its holdings in Boeing by 9,626.0% during the 2nd quarter. Van ECK Associates Corp now owns 1,026,092 shares of the aircraft producer’s stock worth $186,759,000 after purchasing an additional 1,015,542 shares during the last quarter. Wulff Hansen & CO. raised its position in shares of Boeing by 15,039.0% in the 2nd quarter. Wulff Hansen & CO. now owns 967,383 shares of the aircraft producer’s stock valued at $176,073,000 after purchasing an additional 960,993 shares in the last quarter. Finally, Jennison Associates LLC raised its holdings in Boeing by 14.1% in the first quarter. Jennison Associates LLC now owns 4,203,435 shares of the aircraft producer’s stock valued at $811,221,000 after acquiring an additional 518,952 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on BA shares. Robert W. Baird reduced their price objective on Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a research note on Thursday. Wells Fargo & Company decreased their price target on shares of Boeing from $110.00 to $109.00 and set an “underweight” rating for the company in a report on Monday, October 14th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Boeing from $225.00 to $195.00 and set a “buy” rating on the stock in a research note on Thursday, October 3rd. Sanford C. Bernstein decreased their target price on Boeing from $207.00 to $195.00 and set an “outperform” rating for the company in a research note on Thursday, October 17th. 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. Three analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Boeing has a consensus rating of “Moderate Buy” and a consensus target price of $196.68.

Boeing Price Performance

BA opened at $157.06 on Thursday. The business has a 50 day moving average price of $160.61 and a two-hundred day moving average price of $172.01. The company has a market capitalization of $96.42 billion, a price-to-earnings ratio of -44.24 and a beta of 1.57. The Boeing Company has a 1-year low of $146.02 and a 1-year high of $267.54.

Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share for the quarter, missing the consensus estimate of ($4.85) by ($5.59). The firm had revenue of $17.84 billion during the quarter, compared to analyst estimates of $17.81 billion. The firm’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same period last year, the business posted ($3.26) EPS. Equities analysts expect that The Boeing Company will post -5.35 EPS for the current fiscal year.

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.