The Boeing Company (NYSE:BA) Shares Bought by First Citizens Bank & Trust Co.

First Citizens Bank & Trust Co. raised its holdings in The Boeing Company (NYSE:BA) by 2.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,899 shares of the aircraft producer’s stock after acquiring an additional 202 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in Boeing were worth $1,398,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of BA. Sugar Maple Asset Management LLC acquired a new stake in Boeing in the fourth quarter valued at $27,000. RPg Family Wealth Advisory LLC acquired a new stake in Boeing in the third quarter valued at $28,000. Cedar Wealth Management LLC acquired a new stake in Boeing in the third quarter valued at $30,000. Planning Capital Management Corp raised its stake in shares of Boeing by 741.0% during 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 during the last quarter. Finally, Albion Financial Group UT raised its stake in shares of Boeing by 116.1% during the 4th quarter. Albion Financial Group UT now owns 296 shares of the aircraft producer’s stock worth $52,000 after buying an additional 159 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Stock Performance

Shares of NYSE:BA opened at $175.95 on Monday. The Boeing Company has a 1 year low of $137.03 and a 1 year high of $214.63. The stock has a market capitalization of $108.77 billion, a P/E ratio of -13.64 and a beta of 1.52. The stock has a 50-day simple moving average of $166.42 and a 200-day simple moving average of $164.42.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on BA shares. Sanford C. Bernstein downgraded Boeing from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $195.00 to $169.00 in a research note on Wednesday, October 30th. Morgan Stanley cut their price target on Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a research note on Thursday, October 24th. Robert W. Baird cut their price target on Boeing from $240.00 to $200.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Benchmark reaffirmed a “buy” rating and set a $250.00 price target on shares of Boeing in a research note on Thursday, October 24th. Finally, UBS Group cut their price target on Boeing from $215.00 to $195.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has given 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 $192.11.

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.