First PREMIER Bank Has $132,000 Stock Position in The Boeing Company (NYSE:BA)

First PREMIER Bank lessened its stake in The Boeing Company (NYSE:BA) by 47.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 744 shares of the aircraft producer’s stock after selling 667 shares during the quarter. First PREMIER Bank’s holdings in Boeing were worth $132,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Thrivent Financial for Lutherans raised its holdings in shares of Boeing by 28.2% in the second quarter. Thrivent Financial for Lutherans now owns 32,646 shares of the aircraft producer’s stock valued at $5,942,000 after purchasing an additional 7,182 shares during the last quarter. Frank Rimerman Advisors LLC lifted its position in Boeing by 1,401.6% during the 2nd quarter. Frank Rimerman Advisors LLC now owns 2,778 shares of the aircraft producer’s stock worth $506,000 after buying an additional 2,593 shares in the last quarter. Public Sector Pension Investment Board boosted its stake in shares of Boeing by 72.7% during the 2nd quarter. Public Sector Pension Investment Board now owns 21,790 shares of the aircraft producer’s stock worth $3,966,000 after buying an additional 9,171 shares during the last quarter. Evergreen Capital Management LLC grew its holdings in shares of Boeing by 3.1% in the 2nd quarter. Evergreen Capital Management LLC now owns 6,260 shares of the aircraft producer’s stock valued at $1,139,000 after acquiring an additional 191 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in shares of Boeing by 61.3% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 111,023 shares of the aircraft producer’s stock valued at $20,207,000 after acquiring an additional 42,174 shares during the last quarter. Institutional investors own 64.82% of the company’s stock.

Wall Street Analyst Weigh In

BA has been the subject of a number of analyst reports. JPMorgan Chase & Co. decreased their price target on Boeing from $195.00 to $190.00 and set an “overweight” rating for the company in a research note on Monday, November 25th. DZ Bank lowered shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 price target on the stock. in a research report on Tuesday, October 15th. Sanford C. Bernstein downgraded shares of Boeing from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $195.00 to $169.00 in a research report on Wednesday, October 30th. Benchmark reaffirmed a “buy” rating and issued a $250.00 target price on shares of Boeing in a report on Thursday, October 24th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $200.00 price target on shares of Boeing in a report on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, eight 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 currently has an average rating of “Moderate Buy” and a consensus target price of $192.21.

Boeing Stock Performance

NYSE:BA opened at $174.87 on Thursday. The Boeing Company has a 52 week low of $137.03 and a 52 week high of $217.59. The firm’s 50-day simple moving average is $164.90 and its 200 day simple moving average is $164.53. The firm has a market cap of $108.11 billion, a price-to-earnings ratio of -13.56 and a beta of 1.52.

Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The firm had revenue of $17.84 billion for the quarter, compared to the consensus estimate of $17.81 billion. The company’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period last year, the firm posted ($3.26) EPS. Sell-side analysts anticipate that The Boeing Company will post -16.36 EPS for the current year.

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.