First Financial Bank Trust Division Sells 144 Shares of The Boeing Company (NYSE:BA)

First Financial Bank Trust Division lessened its stake in shares of The Boeing Company (NYSE:BA) by 2.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,494 shares of the aircraft producer’s stock after selling 144 shares during the period. First Financial Bank Trust Division’s holdings in Boeing were worth $1,149,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. RPg Family Wealth Advisory LLC bought a new position in shares of Boeing in the 3rd quarter valued at about $28,000. Cedar Wealth Management LLC bought a new position in Boeing during the third quarter worth about $30,000. Kiely Wealth Advisory Group Inc. acquired a new position in Boeing during the second quarter worth approximately $33,000. Strategic Financial Concepts LLC bought a new stake in Boeing in the second quarter valued at approximately $41,000. Finally, Planning Capital Management Corp lifted its position in shares of Boeing by 741.0% in the third quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer’s stock valued at $50,000 after buying an additional 289 shares during the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

Boeing Stock Performance

Shares of NYSE BA traded down $5.13 during mid-day trading on Thursday, reaching $171.87. The company had a trading volume of 12,315,286 shares, compared to its average volume of 9,357,763. The Boeing Company has a one year low of $137.03 and a one year high of $250.19. The business’s 50-day simple moving average is $158.80 and its 200 day simple moving average is $165.49. The firm has a market cap of $106.25 billion, a price-to-earnings ratio of -13.32 and a beta of 1.56.

Boeing (NYSE:BA) last released its earnings results 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 analysts’ expectations of $17.81 billion. During the same quarter in the prior year, the company posted ($3.26) earnings per share. The firm’s revenue for the quarter was down 1.5% on a year-over-year basis. On average, sell-side analysts anticipate that The Boeing Company will post -16.18 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on BA. Deutsche Bank Aktiengesellschaft boosted their target price on Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday. The Goldman Sachs Group dropped their price objective on shares of Boeing from $232.00 to $202.00 and set a “buy” rating on the stock in a research report on Tuesday, September 24th. 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 report on Tuesday, October 15th. Morgan Stanley decreased their price target on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 24th. Finally, Sanford C. Bernstein downgraded shares of Boeing from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $195.00 to $169.00 in a research report on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $191.16.

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.