Enterprise Bank & Trust Co lessened its holdings in The Boeing Company (NYSE:BA – Get Rating) by 17.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,730 shares of the aircraft producer’s stock after selling 790 shares during the quarter. Enterprise Bank & Trust Co’s holdings in Boeing were worth $711,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of BA. United Bank increased its holdings in shares of Boeing by 4.7% during the first quarter. United Bank now owns 5,036 shares of the aircraft producer’s stock worth $964,000 after buying an additional 226 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its position in Boeing by 1,064.4% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 850 shares of the aircraft producer’s stock worth $163,000 after acquiring an additional 777 shares during the last quarter. Panagora Asset Management Inc. increased its holdings in Boeing by 68.0% in the 1st quarter. Panagora Asset Management Inc. now owns 7,111 shares of the aircraft producer’s stock worth $1,362,000 after purchasing an additional 2,879 shares in the last quarter. Prudential PLC bought a new position in Boeing in the first quarter valued at about $836,000. Finally, Dakota Wealth Management boosted its stake in shares of Boeing by 26.7% during the first quarter. Dakota Wealth Management now owns 2,127 shares of the aircraft producer’s stock valued at $408,000 after purchasing an additional 448 shares in the last quarter. Institutional investors own 57.07% of the company’s stock.
Analyst Upgrades and Downgrades
Several research firms have recently issued reports on BA. Royal Bank of Canada set a $225.00 price objective on Boeing in a research note on Tuesday. Wells Fargo & Company lifted their price target on shares of Boeing from $218.00 to $240.00 and gave the stock an “overweight” rating in a report on Wednesday, January 11th. Jefferies Financial Group raised their target price on Boeing from $240.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, January 30th. Robert W. Baird upped their price target on Boeing from $210.00 to $250.00 in a research report on Tuesday, January 3rd. Finally, The Goldman Sachs Group set a $261.00 price target on Boeing in a research note on Wednesday, February 15th. Seven equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $225.13.
Boeing Stock Performance
Boeing (NYSE:BA – Get Rating) last posted its quarterly earnings results on Wednesday, January 25th. The aircraft producer reported ($1.75) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($1.80). The company had revenue of $19.98 billion during the quarter, compared to analyst estimates of $20.10 billion. During the same quarter in the prior year, the business posted ($7.69) earnings per share. The business’s revenue for the quarter was up 35.1% compared to the same quarter last year. As a group, sell-side analysts expect that The Boeing Company will post 0.93 EPS for the current fiscal year.
Boeing Company Profile
The Boeing Co is an aerospace company, which engages in the manufacture of commercial jetliners and defense, space, and security systems. It operates through the following segments: Commercial Airplanes (BCA), Defense, Space and Security (BDS), Global Services (BGS), and Boeing Capital (BCC). The Commercial Airplanes segment includes the development, production, and market of commercial jet aircraft and provides fleet support services, principally to the commercial airline industry worldwide.
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