CHICAGO TRUST Co NA Has $951,000 Stock Position in The Boeing Company (NYSE:BA)

CHICAGO TRUST Co NA boosted its holdings in shares of The Boeing Company (NYSE:BA) by 16.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,373 shares of the aircraft producer’s stock after purchasing an additional 777 shares during the quarter. CHICAGO TRUST Co NA’s holdings in Boeing were worth $951,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of BA. RPg Family Wealth Advisory LLC acquired a new stake in shares of Boeing during the 3rd quarter valued at about $28,000. Cedar Wealth Management LLC acquired a new position in shares of Boeing during the third quarter worth approximately $30,000. Kiely Wealth Advisory Group Inc. bought a new position in Boeing in the 2nd quarter valued at $33,000. Planning Capital Management Corp increased its position in Boeing by 741.0% in the third quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer’s stock worth $50,000 after purchasing an additional 289 shares during the period. Finally, Meeder Asset Management Inc. lifted its holdings in Boeing by 325.4% in the second quarter. Meeder Asset Management Inc. now owns 302 shares of the aircraft producer’s stock valued at $55,000 after buying an additional 231 shares during the period. Institutional investors and hedge funds own 64.82% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on BA. Barclays upgraded shares of Boeing from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $190.00 to $210.00 in a research report on Monday, January 6th. UBS Group cut their target price on Boeing from $215.00 to $195.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th. Jefferies Financial Group lowered their target price on Boeing from $270.00 to $240.00 and set a “buy” rating on the stock in a research report on Monday, September 23rd. Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 price target on shares of Boeing in a research note on Wednesday, October 30th. Finally, Benchmark reiterated a “buy” rating and set a $250.00 target price on shares of Boeing in a research note on Thursday, October 24th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $192.21.

Boeing Trading Down 2.1 %

BA traded down $3.58 during midday trading on Monday, reaching $168.42. The company’s stock had a trading volume of 2,626,970 shares, compared to its average volume of 7,996,468. The stock’s 50-day moving average is $161.39 and its 200-day moving average is $165.16. The firm has a market capitalization of $104.12 billion, a price-to-earnings ratio of -13.06 and a beta of 1.52. The Boeing Company has a 1 year low of $137.03 and a 1 year high of $217.59.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS 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 analysts’ expectations of $17.81 billion. The firm’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same period in the previous year, the company earned ($3.26) EPS. As a group, equities research analysts forecast that The Boeing Company will post -16.18 earnings per share for the current fiscal year.

Boeing Company 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.