The Boeing Company (NYSE:BA) Shares Bought by First National Trust Co

First National Trust Co lifted its position in shares of The Boeing Company (NYSE:BA) by 6.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,787 shares of the aircraft producer’s stock after acquiring an additional 225 shares during the quarter. First National Trust Co’s holdings in Boeing were worth $987,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of BA. Jennison Associates LLC acquired a new stake in shares of Boeing in the fourth quarter valued at about $960,397,000. Lazard Asset Management LLC grew its position in shares of Boeing by 8,961.2% in the third quarter. Lazard Asset Management LLC now owns 1,161,461 shares of the aircraft producer’s stock valued at $222,628,000 after purchasing an additional 1,148,643 shares during the period. Barclays PLC grew its position in shares of Boeing by 54.5% in the third quarter. Barclays PLC now owns 2,351,731 shares of the aircraft producer’s stock valued at $450,783,000 after purchasing an additional 829,321 shares during the period. Invesco Ltd. grew its position in shares of Boeing by 30.1% in the third quarter. Invesco Ltd. now owns 3,279,421 shares of the aircraft producer’s stock valued at $628,599,000 after purchasing an additional 759,267 shares during the period. Finally, Cerity Partners LLC boosted its position in Boeing by 726.7% during the fourth quarter. Cerity Partners LLC now owns 624,906 shares of the aircraft producer’s stock worth $162,888,000 after acquiring an additional 549,318 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Boeing Trading Up 0.5 %

BA traded up $0.94 during trading hours on Friday, hitting $179.79. 5,416,263 shares of the company’s stock were exchanged, compared to its average volume of 8,228,397. The Boeing Company has a 12-month low of $159.70 and a 12-month high of $267.54. The firm has a 50 day moving average of $183.74 and a 200 day moving average of $205.91. The firm has a market cap of $110.37 billion, a P/E ratio of -50.64 and a beta of 1.54.

Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) EPS for the quarter, topping the consensus estimate of ($0.72) by $0.25. The firm had revenue of $22.02 billion for the quarter, compared to analyst estimates of $21.14 billion. During the same quarter last year, the firm earned ($1.75) EPS. The company’s revenue was up 10.2% on a year-over-year basis. As a group, research analysts expect that The Boeing Company will post -0.18 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on BA shares. Edward Jones lowered shares of Boeing from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Benchmark restated a “buy” rating and set a $250.00 price target on shares of Boeing in a research report on Tuesday, March 26th. Melius Research restated a “hold” rating on shares of Boeing in a research report on Monday, April 1st. Sanford C. Bernstein lowered their price target on shares of Boeing from $272.00 to $240.00 and set an “outperform” rating on the stock in a research report on Monday, April 8th. Finally, Bank of America reduced their target price on shares of Boeing from $210.00 to $190.00 and set a “neutral” rating on the stock in a research note on Thursday, April 11th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $222.41.

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.