Trust Investment Advisors Trims Holdings in The Boeing Company $BA

Trust Investment Advisors lowered its holdings in shares of The Boeing Company (NYSE:BA) by 1.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,730 shares of the aircraft producer’s stock after selling 79 shares during the period. Trust Investment Advisors’ holdings in Boeing were worth $1,410,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Revolve Wealth Partners LLC purchased a new stake in Boeing during the 4th quarter valued at approximately $201,000. GAMMA Investing LLC increased its holdings in shares of Boeing by 13.9% in the first quarter. GAMMA Investing LLC now owns 5,851 shares of the aircraft producer’s stock valued at $998,000 after purchasing an additional 716 shares during the period. Robeco Institutional Asset Management B.V. increased its holdings in shares of Boeing by 101.1% in the first quarter. Robeco Institutional Asset Management B.V. now owns 13,929 shares of the aircraft producer’s stock valued at $2,376,000 after purchasing an additional 7,002 shares during the period. Allspring Global Investments Holdings LLC raised its stake in shares of Boeing by 13.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 111,636 shares of the aircraft producer’s stock worth $18,774,000 after purchasing an additional 13,180 shares during the last quarter. Finally, Golden State Wealth Management LLC lifted its holdings in shares of Boeing by 38.3% during the first quarter. Golden State Wealth Management LLC now owns 5,250 shares of the aircraft producer’s stock worth $896,000 after purchasing an additional 1,454 shares during the period. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Boeing

In related news, EVP David Christopher Raymond sold 3,771 shares of the company’s stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $229.94, for a total value of $867,103.74. Following the sale, the executive vice president owned 35,873 shares in the company, valued at $8,248,637.62. This represents a 9.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Mortimer J. Buckley acquired 2,200 shares of Boeing stock in a transaction that occurred on Tuesday, August 19th. The shares were purchased at an average cost of $226.10 per share, with a total value of $497,420.00. Following the completion of the acquisition, the director owned 2,200 shares of the company’s stock, valued at $497,420. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. 0.09% of the stock is owned by insiders.

Boeing Stock Up 0.7%

Shares of NYSE BA opened at $223.01 on Tuesday. The stock has a market capitalization of $168.63 billion, a price-to-earnings ratio of -13.51 and a beta of 1.47. The Boeing Company has a 52 week low of $128.88 and a 52 week high of $242.69. The firm has a 50-day moving average price of $221.49 and a 200 day moving average price of $211.29.

Boeing (NYSE:BA) last issued its earnings results on Tuesday, July 29th. The aircraft producer reported ($1.24) earnings per share for the quarter, missing the consensus estimate of ($0.92) by ($0.32). The business had revenue of $22.75 billion for the quarter, compared to the consensus estimate of $20.13 billion. During the same quarter in the prior year, the firm earned ($2.90) EPS. The company’s revenue for the quarter was up 34.9% compared to the same quarter last year. Equities research analysts expect that The Boeing Company will post -2.58 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have issued reports on BA. Royal Bank Of Canada reissued an “outperform” rating and issued a $250.00 price objective on shares of Boeing in a research note on Monday, September 29th. JPMorgan Chase & Co. lifted their target price on shares of Boeing from $230.00 to $251.00 and gave the company an “overweight” rating in a report on Wednesday, July 30th. Barclays boosted their price target on shares of Boeing from $210.00 to $255.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 29th. Weiss Ratings reissued a “sell (d-)” rating on shares of Boeing in a report on Wednesday, October 8th. Finally, UBS Group set a $280.00 price objective on shares of Boeing and gave the company a “buy” rating in a research report on Wednesday, July 30th. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, two have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $242.32.

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.