The Boeing Company (NYSE:BA) Position Reduced by Norway Savings Bank

Norway Savings Bank lowered its stake in The Boeing Company (NYSE:BA) by 1.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 8,459 shares of the aircraft producer’s stock after selling 165 shares during the period. Norway Savings Bank’s holdings in Boeing were worth $1,497,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Diversified Trust Co raised its stake in Boeing by 109.1% during the fourth quarter. Diversified Trust Co now owns 5,097 shares of the aircraft producer’s stock valued at $902,000 after buying an additional 2,659 shares in the last quarter. Bangor Savings Bank raised its position in shares of Boeing by 1,159.3% during the 4th quarter. Bangor Savings Bank now owns 5,478 shares of the aircraft producer’s stock valued at $970,000 after acquiring an additional 5,043 shares in the last quarter. Doliver Advisors LP lifted its stake in Boeing by 62.9% during the fourth quarter. Doliver Advisors LP now owns 5,397 shares of the aircraft producer’s stock worth $955,000 after purchasing an additional 2,083 shares during the last quarter. CWA Asset Management Group LLC boosted its holdings in Boeing by 37.1% in the fourth quarter. CWA Asset Management Group LLC now owns 3,009 shares of the aircraft producer’s stock worth $533,000 after purchasing an additional 815 shares during the period. Finally, GAMMA Investing LLC increased its stake in Boeing by 26.2% during the fourth quarter. GAMMA Investing LLC now owns 5,135 shares of the aircraft producer’s stock valued at $909,000 after purchasing an additional 1,066 shares during the last quarter. Institutional investors own 64.82% of the company’s stock.

Boeing Trading Up 1.0 %

BA stock traded up $1.79 on Tuesday, hitting $172.57. 5,601,294 shares of the company’s stock traded hands, compared to its average volume of 9,884,585. The stock has a market cap of $106.68 billion, a price-to-earnings ratio of -13.38 and a beta of 1.52. The Boeing Company has a 1-year low of $137.03 and a 1-year high of $233.85. The stock has a fifty day moving average of $159.83 and a 200-day moving average of $165.30.

Boeing (NYSE:BA) last released 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 ($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 firm’s quarterly revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the company posted ($3.26) earnings per share. On average, equities research analysts anticipate that The Boeing Company will post -16.18 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on BA. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, January 2nd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $200.00 target price on shares of Boeing in a report on Wednesday, October 30th. Jefferies Financial Group cut their price target on Boeing from $270.00 to $240.00 and set a “buy” rating on the stock in a report on Monday, September 23rd. Sanford C. Bernstein lowered Boeing from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $195.00 to $169.00 in a research report on Wednesday, October 30th. Finally, Benchmark reaffirmed a “buy” rating and issued a $250.00 target price on shares of Boeing in a research report on Thursday, October 24th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $192.21.

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.