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

Trust Investment Advisors decreased its position in The Boeing Company (NYSE:BA) by 4.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 6,569 shares of the aircraft producer’s stock after selling 314 shares during the quarter. Trust Investment Advisors’ holdings in Boeing were worth $1,163,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Murphy & Mullick Capital Management Corp purchased a new position in Boeing during the 4th quarter valued at about $38,000. Mitsubishi UFJ Trust & Banking Corp grew its position in shares of Boeing by 20.1% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 321,908 shares of the aircraft producer’s stock worth $56,978,000 after buying an additional 53,896 shares during the last quarter. Jackson Square Partners LLC increased its stake in shares of Boeing by 26.8% during the fourth quarter. Jackson Square Partners LLC now owns 37,340 shares of the aircraft producer’s stock valued at $6,609,000 after buying an additional 7,891 shares during the period. Meiji Yasuda Asset Management Co Ltd. raised its holdings in shares of Boeing by 18.5% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 12,090 shares of the aircraft producer’s stock valued at $2,140,000 after acquiring an additional 1,890 shares in the last quarter. Finally, PKS Advisory Services LLC purchased a new stake in Boeing in the fourth quarter worth $397,000. 64.82% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on BA shares. StockNews.com raised shares of Boeing to a “sell” rating in a research report on Wednesday, March 12th. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 price target on shares of Boeing in a research note on Wednesday, January 29th. Melius raised Boeing from a “hold” rating to a “buy” rating in a research report on Monday. Citigroup increased their target price on Boeing from $207.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. Finally, Wells Fargo & Company lifted their price target on Boeing from $103.00 to $113.00 and gave the company an “underweight” rating in a research report on Monday, March 17th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $195.68.

Boeing Trading Up 1.0 %

BA stock opened at $182.71 on Wednesday. The stock’s 50 day simple moving average is $173.50 and its 200 day simple moving average is $163.90. The Boeing Company has a 12-month low of $137.03 and a 12-month high of $196.95. The stock has a market capitalization of $137.05 billion, a PE ratio of -9.97 and a beta of 1.53.

Boeing (NYSE:BA) last released its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same quarter in the prior year, the firm earned ($0.47) earnings per share. On average, research analysts predict that The Boeing Company will post -2.58 earnings per share for the current year.

Insider Activity

In other news, EVP Uma M. Amuluru sold 3,159 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $180.69, for a total value of $570,799.71. Following the transaction, the executive vice president now directly owns 19,213 shares in the company, valued at $3,471,596.97. This trade represents a 14.12 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.09% of the stock is owned by corporate insiders.

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.