The Boeing Company (NYSE:BA) Shares Sold by Charles Schwab Trust Co

Charles Schwab Trust Co decreased its position in shares of The Boeing Company (NYSE:BA) by 28.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,944 shares of the aircraft producer’s stock after selling 1,530 shares during the quarter. Charles Schwab Trust Co’s holdings in Boeing were worth $698,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Sugar Maple Asset Management LLC acquired a new position in Boeing during the 4th quarter worth $27,000. RPg Family Wealth Advisory LLC bought a new position in shares of Boeing in the third quarter valued at approximately $28,000. Cedar Wealth Management LLC acquired a new position in shares of Boeing during the 3rd quarter valued at $30,000. Planning Capital Management Corp raised its stake in shares of Boeing by 741.0% in the 3rd quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer’s stock worth $50,000 after buying an additional 289 shares in the last quarter. Finally, Truvestments Capital LLC acquired a new stake in shares of Boeing in the third quarter valued at $58,000. Institutional investors own 64.82% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on BA shares. DZ Bank downgraded shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 price target for the company. in a report on Tuesday, October 15th. Morgan Stanley decreased their target price on Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft lifted their price target on Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, January 2nd. Susquehanna decreased their target price on shares of Boeing from $210.00 to $200.00 and set a “positive” rating for the company in a report on Thursday, October 24th. Finally, The Goldman Sachs Group lowered 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. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $192.21.

Boeing Stock Performance

NYSE BA opened at $171.14 on Tuesday. The stock has a market capitalization of $105.80 billion, a PE ratio of -13.27 and a beta of 1.52. The stock has a 50-day simple moving average of $163.15 and a 200 day simple moving average of $164.61. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $217.59.

Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The firm had revenue of $17.84 billion for the quarter, compared to analyst estimates of $17.81 billion. During the same quarter last year, the firm posted ($3.26) EPS. The company’s revenue was down 1.5% compared to the same quarter last year. As a group, equities research analysts forecast that The Boeing Company will post -16.43 EPS for the current fiscal 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.