Legacy Private Trust Co. Grows Stake in The Boeing Company (NYSE:BA)

Legacy Private Trust Co. lifted its stake in shares of The Boeing Company (NYSE:BA) by 9.1% in the 4th quarter, HoldingsChannel reports. The firm owned 15,383 shares of the aircraft producer’s stock after buying an additional 1,288 shares during the quarter. Legacy Private Trust Co.’s holdings in Boeing were worth $2,723,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of the stock. RPg Family Wealth Advisory LLC purchased a new position in shares of Boeing in the third quarter worth about $28,000. Kiely Wealth Advisory Group Inc. purchased a new position in Boeing in the 2nd quarter valued at approximately $33,000. Cedar Wealth Management LLC purchased a new position in Boeing in the 3rd quarter valued at approximately $30,000. Meeder Asset Management Inc. raised its holdings in Boeing by 325.4% during the 2nd quarter. Meeder Asset Management Inc. now owns 302 shares of the aircraft producer’s stock valued at $55,000 after acquiring an additional 231 shares during the period. Finally, Fairscale Capital LLC purchased a new stake in shares of Boeing during the second quarter worth $59,000. Institutional investors own 64.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on BA. UBS Group reduced their price target on Boeing from $215.00 to $195.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. Citigroup reduced their target price on Boeing from $224.00 to $209.00 and set a “buy” rating for the company in a report on Tuesday, October 15th. JPMorgan Chase & Co. cut their price objective on shares of Boeing from $195.00 to $190.00 and set an “overweight” rating for the company in a research report on Monday, November 25th. Susquehanna decreased their target price on shares of Boeing from $210.00 to $200.00 and set a “positive” rating on the stock in a report on Thursday, October 24th. Finally, Robert W. Baird cut their price target on shares of Boeing from $240.00 to $200.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $192.21.

Boeing Stock Performance

NYSE:BA traded down $0.47 during trading hours on Wednesday, reaching $172.04. The company’s stock had a trading volume of 5,097,838 shares, compared to its average volume of 9,247,082. The firm has a market capitalization of $106.36 billion, a price-to-earnings ratio of -13.34 and a beta of 1.52. The Boeing Company has a 1 year low of $137.03 and a 1 year high of $231.61. The firm has a 50-day simple moving average of $160.22 and a 200-day simple moving average of $165.27.

Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The business had revenue of $17.84 billion for the quarter, compared to analyst estimates of $17.81 billion. The company’s quarterly revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the business earned ($3.26) EPS. Equities analysts anticipate that The Boeing Company will post -16.18 earnings per share for the current fiscal 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.