BankPlus Trust Department Buys Shares of 198 The Boeing Company (NYSE:BA)

BankPlus Trust Department purchased a new stake in shares of The Boeing Company (NYSE:BA) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 198 shares of the aircraft producer’s stock, valued at approximately $35,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of BA. Van ECK Associates Corp lifted its holdings in shares of Boeing by 122.0% during the 3rd quarter. Van ECK Associates Corp now owns 2,277,548 shares of the aircraft producer’s stock valued at $357,712,000 after buying an additional 1,251,456 shares during the period. Franklin Resources Inc. lifted its holdings in shares of Boeing by 1,296.3% during the 3rd quarter. Franklin Resources Inc. now owns 1,136,895 shares of the aircraft producer’s stock valued at $169,386,000 after buying an additional 1,055,472 shares during the period. State Street Corp lifted its holdings in shares of Boeing by 2.3% during 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 period. Jennison Associates LLC lifted its holdings in shares of Boeing by 9.9% during the 3rd quarter. Jennison Associates LLC now owns 6,700,706 shares of the aircraft producer’s stock valued at $1,018,775,000 after buying an additional 602,143 shares during the period. Finally, TB Alternative Assets Ltd. bought a new position in shares of Boeing during the 4th quarter valued at $68,018,000. 64.82% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on BA. UBS Group increased their price target on Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Barclays raised Boeing from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $190.00 to $210.00 in a report on Monday, January 6th. Northcoast Research raised Boeing from a “sell” rating to a “neutral” rating in a report on Thursday, December 12th. Citigroup raised their target price on Boeing from $207.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, February 10th. Finally, Susquehanna raised their target price on Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a report on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $195.16.

Insider Activity

In related news, EVP Uma M. Amuluru sold 3,159 shares of Boeing stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $180.69, for a total value of $570,799.71. Following the completion of the transaction, the executive vice president now owns 19,213 shares in the company, valued at approximately $3,471,596.97. This trade represents a 14.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.16% of the company’s stock.

Boeing Stock Down 0.9 %

Shares of Boeing stock opened at $178.36 on Wednesday. The firm has a market cap of $133.78 billion, a price-to-earnings ratio of -9.74 and a beta of 1.52. The business has a 50-day moving average price of $176.98 and a 200-day moving average price of $164.55. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $208.10.

Boeing (NYSE:BA) last issued its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same quarter in the previous year, the firm posted ($0.47) earnings per share. On average, equities analysts expect that The Boeing Company will post -2.58 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.