Baker Boyer National Bank Trims Stock Holdings in The Boeing Company (NYSE:BA)

Baker Boyer National Bank lowered its holdings in shares of The Boeing Company (NYSE:BA) by 5.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,672 shares of the aircraft producer’s stock after selling 150 shares during the quarter. Baker Boyer National Bank’s holdings in Boeing were worth $473,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BA. Mayflower Financial Advisors LLC increased its holdings in Boeing by 4.4% during the 4th quarter. Mayflower Financial Advisors LLC now owns 3,261 shares of the aircraft producer’s stock worth $577,000 after purchasing an additional 137 shares during the period. Falcon Wealth Planning boosted its position in shares of Boeing by 12.0% in the 4th quarter. Falcon Wealth Planning now owns 2,184 shares of the aircraft producer’s stock worth $387,000 after purchasing an additional 234 shares in the last quarter. Bensler LLC lifted its position in Boeing by 30.9% during the 4th quarter. Bensler LLC now owns 2,471 shares of the aircraft producer’s stock worth $437,000 after acquiring an additional 583 shares during the period. Stonegate Investment Group LLC lifted its position in Boeing by 13.3% during the 4th quarter. Stonegate Investment Group LLC now owns 1,511 shares of the aircraft producer’s stock worth $267,000 after acquiring an additional 177 shares during the period. Finally, Prospect Financial Services LLC lifted its position in Boeing by 40.2% during the 4th quarter. Prospect Financial Services LLC now owns 46,817 shares of the aircraft producer’s stock worth $8,287,000 after acquiring an additional 13,432 shares during the period. 64.82% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

BA has been the subject of several analyst reports. Wells Fargo & Company decreased their price objective on Boeing from $86.00 to $85.00 and set an “underweight” rating for the company in a report on Monday, November 4th. Robert W. Baird cut their price target on Boeing from $240.00 to $200.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Sanford C. Bernstein lowered Boeing from an “outperform” rating to a “market perform” rating and cut their price target for the company from $195.00 to $169.00 in a research note on Wednesday, October 30th. Royal Bank of Canada restated an “outperform” rating and issued a $200.00 price target on shares of Boeing in a research note on Wednesday, October 30th. Finally, Benchmark restated a “buy” rating and issued a $250.00 price target on shares of Boeing in a research note on Thursday, October 24th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $192.11.

Boeing Price Performance

BA stock opened at $177.79 on Wednesday. The company has a fifty day moving average price of $167.04 and a 200 day moving average price of $164.23. 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 $109.91 billion, a price-to-earnings ratio of -13.78 and a beta of 1.52.

Boeing (NYSE:BA) last announced its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same period in the prior year, the firm posted ($0.47) EPS. As a group, analysts anticipate that The Boeing Company will post -16.39 earnings per share for the current year.

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.