The Boeing Company (NYSE:BA) Shares Acquired by Equitable Trust Co.

Equitable Trust Co. lifted its stake in shares of The Boeing Company (NYSE:BA) by 12.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,198 shares of the aircraft producer’s stock after buying an additional 3,065 shares during the period. Equitable Trust Co.’s holdings in Boeing were worth $4,991,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sugar Maple Asset Management LLC acquired a new stake in shares of Boeing during the fourth quarter worth $27,000. RPg Family Wealth Advisory LLC acquired a new stake in shares of Boeing during the third quarter worth $28,000. Fiduciary Advisors Inc. acquired a new stake in shares of Boeing during the fourth quarter worth $28,000. Cedar Wealth Management LLC acquired a new position in Boeing during the third quarter valued at $30,000. Finally, Heck Capital Advisors LLC acquired a new position in Boeing during the fourth quarter valued at $33,000. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BA has been the subject of a number of research reports. DZ Bank downgraded shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 target price for the company. in a research report on Tuesday, October 15th. TD Cowen decreased their target price on shares of Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Morgan Stanley decreased their target price on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a research report on Thursday, October 24th. JPMorgan Chase & Co. boosted their target price on shares of Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Finally, UBS Group boosted their target price on shares of Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $195.00.

Boeing Stock Down 1.8 %

BA stock opened at $181.51 on Monday. The stock has a market capitalization of $136.14 billion, a P/E ratio of -9.91 and a beta of 1.52. The firm has a 50-day simple moving average of $172.22 and a 200-day simple moving average of $164.13. The Boeing Company has a 52 week low of $137.03 and a 52 week high of $213.10.

Boeing (NYSE:BA) last released its earnings results 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 last year, the firm earned ($0.47) EPS. On average, analysts expect that The Boeing Company will post -2.3 earnings per share for the current 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.