Zions Bancorporation National Association UT Has $866,000 Stock Holdings in The Boeing Company $BA

Zions Bancorporation National Association UT decreased its position in shares of The Boeing Company (NYSE:BA) by 8.1% during the 2nd quarter, Holdings Channel reports. The fund owned 4,132 shares of the aircraft producer’s stock after selling 366 shares during the quarter. Zions Bancorporation National Association UT’s holdings in Boeing were worth $866,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Revolve Wealth Partners LLC bought a new stake in shares of Boeing in the fourth quarter worth about $201,000. Fidelis Capital Partners LLC grew its position in shares of Boeing by 10.6% in the 1st quarter. Fidelis Capital Partners LLC now owns 2,166 shares of the aircraft producer’s stock valued at $385,000 after purchasing an additional 207 shares during the period. IFC Advisors LLC acquired a new position in shares of Boeing in the 1st quarter valued at approximately $225,000. Ballentine Partners LLC increased its stake in Boeing by 10.2% during the 1st quarter. Ballentine Partners LLC now owns 6,377 shares of the aircraft producer’s stock worth $1,088,000 after purchasing an additional 589 shares in the last quarter. Finally, New York State Common Retirement Fund raised its holdings in Boeing by 5.4% during the 1st quarter. New York State Common Retirement Fund now owns 1,057,661 shares of the aircraft producer’s stock worth $180,384,000 after buying an additional 54,513 shares during the period. Institutional investors and hedge funds own 64.82% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Morgan Stanley reiterated an “equal weight” rating on shares of Boeing in a report on Monday, July 28th. JPMorgan Chase & Co. cut their price objective on shares of Boeing from $251.00 to $240.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. Loop Capital set a $223.00 target price on shares of Boeing in a research note on Monday, November 3rd. Susquehanna reissued a “positive” rating and issued a $270.00 price target on shares of Boeing in a research note on Monday, September 15th. Finally, Deutsche Bank Aktiengesellschaft lowered Boeing from a “buy” rating to a “hold” rating and set a $240.00 price target on the stock. in a report on Thursday, October 30th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have issued a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $241.80.

Insiders Place Their Bets

In other news, Director Mortimer J. Buckley purchased 2,200 shares of the company’s stock in a transaction 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 transaction, the director owned 2,200 shares of the company’s stock, valued at $497,420. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.09% of the company’s stock.

Boeing Stock Performance

BA opened at $194.40 on Monday. The business’s 50-day simple moving average is $216.65 and its 200 day simple moving average is $214.38. The Boeing Company has a 52-week low of $128.88 and a 52-week high of $242.69. The firm has a market capitalization of $147.76 billion, a PE ratio of -14.21 and a beta of 1.44.

Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, October 29th. The aircraft producer reported ($7.47) earnings per share for the quarter, missing the consensus estimate of ($0.51) by ($6.96). The business had revenue of $23.27 billion during the quarter, compared to analysts’ expectations of $21.61 billion. During the same quarter last year, the business earned ($10.44) earnings per share. The firm’s revenue was up 30.4% on a year-over-year basis. On average, research analysts forecast that The Boeing Company will post -2.58 earnings per share 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.