Legacy Private Trust Co. Has $2.72 Million Position in The Boeing Company (NYSE:BA)

Legacy Private Trust Co. increased its holdings in shares of The Boeing Company (NYSE:BA) by 9.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,383 shares of the aircraft producer’s stock after buying an additional 1,288 shares during the period. Legacy Private Trust Co.’s holdings in Boeing were worth $2,723,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Newport Trust Company LLC grew its stake in shares of Boeing by 1.2% in the second quarter. Newport Trust Company LLC now owns 31,640,184 shares of the aircraft producer’s stock worth $5,758,830,000 after purchasing an additional 388,633 shares during the last quarter. State Street Corp grew its position in shares of Boeing by 2.3% in the 3rd quarter. State Street Corp now owns 27,778,195 shares of the aircraft producer’s stock valued at $4,223,397,000 after buying an additional 636,594 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Boeing by 2.8% in the third quarter. Geode Capital Management LLC now owns 11,719,794 shares of the aircraft producer’s stock valued at $1,774,705,000 after buying an additional 320,415 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of Boeing by 1.4% during the second quarter. Massachusetts Financial Services Co. MA now owns 7,619,126 shares of the aircraft producer’s stock worth $1,386,757,000 after acquiring an additional 106,513 shares during the last quarter. Finally, Jennison Associates LLC lifted its stake in shares of Boeing by 9.9% in the third quarter. Jennison Associates LLC now owns 6,700,706 shares of the aircraft producer’s stock worth $1,018,775,000 after acquiring an additional 602,143 shares during the period. 64.82% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on BA. Citigroup lowered their price target on shares of Boeing from $224.00 to $209.00 and set a “buy” rating for the company in a report on Tuesday, October 15th. Jefferies Financial Group dropped their target price on shares of Boeing from $270.00 to $240.00 and set a “buy” rating on the stock in a report on Monday, September 23rd. Susquehanna lowered their price objective on Boeing from $210.00 to $200.00 and set a “positive” rating for the company in a research report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft upped their target price on Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, January 2nd. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 target price on shares of Boeing in a report on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $192.21.

Boeing Trading Down 0.3 %

Shares of NYSE:BA traded down $0.47 during mid-day trading on Wednesday, hitting $172.04. 5,097,838 shares of the company traded hands, compared to its average volume of 9,247,082. The stock has a 50-day moving average price of $160.22 and a two-hundred day moving average price of $165.27. The Boeing Company has a 12-month low of $137.03 and a 12-month high of $231.61. The stock has a market cap of $106.36 billion, a P/E ratio of -13.34 and a beta of 1.52.

Boeing (NYSE:BA) last posted its earnings results 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 analysts’ expectations of $17.81 billion. Boeing’s quarterly revenue was down 1.5% on a year-over-year basis. During the same period last year, the firm posted ($3.26) EPS. As a group, analysts expect that The Boeing Company will post -16.18 earnings per share for the current 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.