Zions Bancorporation N.A. Increases Stock Holdings in The Boeing Company (NYSE:BA)

Zions Bancorporation N.A. boosted its stake in The Boeing Company (NYSE:BA) by 157.2% in the fourth quarter, Holdings Channel reports. The fund owned 3,987 shares of the aircraft producer’s stock after buying an additional 2,437 shares during the quarter. Zions Bancorporation N.A.’s holdings in Boeing were worth $706,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Insight 2811 Inc. boosted its stake in shares of Boeing by 32.8% in the fourth quarter. Insight 2811 Inc. now owns 3,115 shares of the aircraft producer’s stock valued at $551,000 after purchasing an additional 769 shares during the period. TIAA Trust National Association boosted its position in Boeing by 144.2% in the 4th quarter. TIAA Trust National Association now owns 119,959 shares of the aircraft producer’s stock valued at $21,233,000 after buying an additional 70,838 shares during the last quarter. Ashton Thomas Securities LLC grew its stake in shares of Boeing by 12.0% during the fourth quarter. Ashton Thomas Securities LLC now owns 9,913 shares of the aircraft producer’s stock valued at $1,755,000 after acquiring an additional 1,062 shares in the last quarter. Modern Wealth Management LLC purchased a new stake in shares of Boeing during the fourth quarter worth about $5,547,000. Finally, Rovida Investment Management Ltd acquired a new position in shares of Boeing in the fourth quarter worth about $84,429,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on BA shares. Melius Research upgraded Boeing from a “hold” rating to a “strong-buy” rating in a research note on Monday. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, January 2nd. UBS Group increased their price objective on shares of Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. StockNews.com raised shares of Boeing to a “sell” rating in a research report on Wednesday, March 12th. Finally, Susquehanna increased their price target on shares of Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a research report on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $195.68.

Insider Buying and Selling at Boeing

In related news, EVP Uma M. Amuluru sold 3,159 shares of the stock in a transaction dated Thursday, February 20th. The shares were 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 $3,471,596.97. This represents a 14.12 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.09% of the stock is owned by company insiders.

Boeing Stock Down 2.3 %

BA stock opened at $178.42 on Thursday. The firm’s 50-day simple moving average is $173.74 and its 200 day simple moving average is $164.00. The stock has a market cap of $133.83 billion, a PE ratio of -9.74 and a beta of 1.53. The Boeing Company has a fifty-two week low of $137.03 and a fifty-two week high of $196.95.

Boeing (NYSE:BA) last released its quarterly earnings results 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 prior year, the company earned ($0.47) earnings per share. Equities analysts forecast that The Boeing Company will post -2.58 EPS for the current fiscal year.

About Boeing

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.