National Bank of Canada FI Has $131.63 Million Stock Holdings in The Boeing Company (NYSE:BA)

National Bank of Canada FI cut its stake in The Boeing Company (NYSE:BA) by 35.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 522,882 shares of the aircraft producer’s stock after selling 288,542 shares during the period. National Bank of Canada FI’s holdings in Boeing were worth $131,632,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. CNB Bank boosted its position in shares of Boeing by 106.5% in the third quarter. CNB Bank now owns 128 shares of the aircraft producer’s stock valued at $25,000 after acquiring an additional 66 shares during the period. Evolution Advisers Inc. bought a new stake in Boeing in the 4th quarter valued at about $28,000. DiNuzzo Private Wealth Inc. acquired a new position in shares of Boeing during the 4th quarter worth approximately $28,000. Naples Money Management LLC bought a new position in shares of Boeing during the fourth quarter worth approximately $44,000. Finally, Blue Bell Private Wealth Management LLC raised its position in shares of Boeing by 66.2% in the third quarter. Blue Bell Private Wealth Management LLC now owns 236 shares of the aircraft producer’s stock valued at $45,000 after buying an additional 94 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on BA. Citigroup lowered their price objective on Boeing from $252.00 to $224.00 and set a “buy” rating on the stock in a research note on Thursday, April 25th. Susquehanna decreased their price objective on shares of Boeing from $265.00 to $230.00 and set a “positive” rating on the stock in a research note on Thursday, March 21st. Royal Bank of Canada cut their target price on Boeing from $225.00 to $215.00 and set an “outperform” rating for the company in a research note on Tuesday, April 16th. Edward Jones lowered Boeing from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Finally, StockNews.com downgraded Boeing from a “hold” rating to a “sell” rating in a research report on Friday, April 26th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $222.41.

Boeing Trading Up 0.5 %

BA stock traded up $0.94 during midday trading on Friday, hitting $179.79. The stock had a trading volume of 5,416,263 shares, compared to its average volume of 8,228,397. The firm has a market cap of $110.37 billion, a P/E ratio of -50.64 and a beta of 1.54. The business has a fifty day moving average price of $183.74 and a two-hundred day moving average price of $205.91. The Boeing Company has a 1-year low of $159.70 and a 1-year high of $267.54.

Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.72) by $0.25. The business 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 business posted ($1.75) EPS. The business’s revenue for the quarter was up 10.2% compared to the same quarter last year. On average, equities analysts anticipate that The Boeing Company will post -0.18 EPS 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.