First Western Trust Bank Sells 353 Shares of The Boeing Company (NYSE:BA)

First Western Trust Bank reduced its stake in The Boeing Company (NYSE:BA) by 29.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 863 shares of the aircraft producer’s stock after selling 353 shares during the period. First Western Trust Bank’s holdings in Boeing were worth $225,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Jennison Associates LLC bought a new stake in shares of Boeing in the fourth quarter valued at about $960,397,000. Lazard Asset Management LLC increased its holdings in Boeing by 8,961.2% during the third quarter. Lazard Asset Management LLC now owns 1,161,461 shares of the aircraft producer’s stock valued at $222,628,000 after buying an additional 1,148,643 shares during the period. Barclays PLC raised its stake in Boeing by 54.5% in the third quarter. Barclays PLC now owns 2,351,731 shares of the aircraft producer’s stock worth $450,783,000 after buying an additional 829,321 shares in the last quarter. Invesco Ltd. lifted its holdings in Boeing by 30.1% during the third quarter. Invesco Ltd. now owns 3,279,421 shares of the aircraft producer’s stock worth $628,599,000 after buying an additional 759,267 shares during the period. Finally, Cerity Partners LLC boosted its position in Boeing by 726.7% during the 4th quarter. Cerity Partners LLC now owns 624,906 shares of the aircraft producer’s stock valued at $162,888,000 after acquiring an additional 549,318 shares in the last quarter. Institutional investors own 64.82% of the company’s stock.

Analysts Set New Price Targets

BA has been the subject of a number of analyst reports. Benchmark restated a “buy” rating and set a $250.00 price objective on shares of Boeing in a research note on Tuesday, March 26th. JPMorgan Chase & Co. lowered their price target on shares of Boeing from $230.00 to $210.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. Wells Fargo & Company reduced their price objective on shares of Boeing from $225.00 to $215.00 and set an “equal weight” rating for the company in a research note on Thursday, February 1st. The Goldman Sachs Group lowered their target price on shares of Boeing from $268.00 to $257.00 and set a “buy” rating for the company in a research note on Monday, March 25th. Finally, Melius Research reaffirmed a “hold” rating on shares of Boeing in a research report on Monday, April 1st. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $222.41.

Boeing Stock Performance

BA stock traded up $0.94 during midday trading on Thursday, reaching $181.29. The stock had a trading volume of 5,094,057 shares, compared to its average volume of 9,504,012. The stock has a market cap of $111.29 billion, a PE ratio of -51.06 and a beta of 1.54. The firm has a fifty day simple moving average of $182.26 and a two-hundred day simple moving average of $205.96. The Boeing Company has a 52-week low of $159.70 and a 52-week high of $267.54.

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.