Trust Investment Advisors Lowers Stock Position in The Boeing Company (NYSE:BA)

Trust Investment Advisors trimmed its stake in The Boeing Company (NYSE:BA) by 1.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 7,042 shares of the aircraft producer’s stock after selling 89 shares during the period. Boeing comprises 1.4% of Trust Investment Advisors’ investment portfolio, making the stock its 16th biggest holding. Trust Investment Advisors’ holdings in Boeing were worth $1,836,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in BA. Trust Co. of Vermont boosted its stake in shares of Boeing by 1.0% in the 3rd quarter. Trust Co. of Vermont now owns 4,389 shares of the aircraft producer’s stock valued at $841,000 after buying an additional 45 shares during the period. Benchmark Financial Wealth Advisors LLC raised its holdings in Boeing by 2.7% in the fourth quarter. Benchmark Financial Wealth Advisors LLC now owns 1,785 shares of the aircraft producer’s stock valued at $465,000 after acquiring an additional 47 shares in the last quarter. Waverly Advisors LLC lifted its stake in Boeing by 0.6% in the fourth quarter. Waverly Advisors LLC now owns 8,015 shares of the aircraft producer’s stock worth $1,527,000 after acquiring an additional 49 shares during the last quarter. WealthPlan Investment Management LLC grew its holdings in Boeing by 1.0% during the 4th quarter. WealthPlan Investment Management LLC now owns 4,716 shares of the aircraft producer’s stock worth $1,229,000 after acquiring an additional 49 shares in the last quarter. Finally, RB Capital Management LLC increased its position in shares of Boeing by 2.7% in the 3rd quarter. RB Capital Management LLC now owns 1,893 shares of the aircraft producer’s stock valued at $363,000 after purchasing an additional 50 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Citigroup decreased their price objective on shares of Boeing from $263.00 to $252.00 and set a “buy” rating for the company in a research report on Thursday, March 28th. UBS Group lowered their price objective on Boeing from $275.00 to $250.00 and set a “buy” rating for the company in a research report on Thursday, March 21st. Melius Research reissued a “hold” rating on shares of Boeing in a research report on Monday, April 1st. Sanford C. Bernstein lowered their price target on Boeing from $272.00 to $240.00 and set an “outperform” rating for the company in a report on Monday, April 8th. Finally, Bank of America dropped their price target on shares of Boeing from $210.00 to $190.00 and set a “neutral” rating on the stock in a research note on Thursday, April 11th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $229.35.

Boeing Stock Up 0.0 %

BA stock traded up $0.02 during trading on Thursday, hitting $170.23. The company had a trading volume of 4,784,550 shares, compared to its average volume of 9,765,469. The firm has a 50-day moving average price of $191.86 and a 200-day moving average price of $207.54. The firm has a market cap of $103.86 billion, a PE ratio of -46.32, a price-to-earnings-growth ratio of 116.39 and a beta of 1.52. The Boeing Company has a 1-year low of $167.53 and a 1-year high of $267.54.

Boeing (NYSE:BA) last released its earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.72) by $0.25. The company had revenue of $22.02 billion during the quarter, compared to analyst estimates of $21.14 billion. During the same period in the previous year, the firm posted ($1.75) EPS. The company’s revenue for the quarter was up 10.2% on a year-over-year basis. Sell-side analysts anticipate that The Boeing Company will post 0.37 earnings per share for the current 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.