Jacobs & Co. CA Trims Holdings in The Boeing Company (NYSE:BA)

Jacobs & Co. CA trimmed its stake in The Boeing Company (NYSE:BA) by 0.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 56,733 shares of the aircraft producer’s stock after selling 480 shares during the period. Boeing comprises 1.7% of Jacobs & Co. CA’s investment portfolio, making the stock its 11th biggest holding. Jacobs & Co. CA’s holdings in Boeing were worth $14,788,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the business. CNB Bank grew its holdings in Boeing by 106.5% during the 3rd quarter. CNB Bank now owns 128 shares of the aircraft producer’s stock worth $25,000 after acquiring an additional 66 shares in the last quarter. VisionPoint Advisory Group LLC acquired a new position in Boeing during the 2nd quarter worth approximately $32,000. True Wealth Design LLC acquired a new position in Boeing during the 4th quarter worth approximately $33,000. M&R Capital Management Inc. boosted its holdings in shares of Boeing by 35.0% in the 4th quarter. M&R Capital Management Inc. now owns 193 shares of the aircraft producer’s stock valued at $50,000 after buying an additional 50 shares in the last quarter. Finally, Fortis Capital Advisors LLC boosted its holdings in shares of Boeing by 100.0% in the 1st quarter. Fortis Capital Advisors LLC now owns 200 shares of the aircraft producer’s stock valued at $42,000 after buying an additional 100 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Stock Up 2.4 %

Boeing stock opened at $191.96 on Thursday. The company has a fifty day moving average price of $200.81 and a two-hundred day moving average price of $209.96. The Boeing Company has a 12 month low of $176.25 and a 12 month high of $267.54.

Boeing (NYSE:BA) last announced 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 firm had revenue of $22.02 billion for the quarter, compared to analyst estimates of $21.14 billion. During the same period last year, the firm posted ($1.75) EPS. The business’s revenue was up 10.2% compared to the same quarter last year. As a group, sell-side analysts expect that The Boeing Company will post 1.55 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on BA. Edward Jones cut shares of Boeing from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Royal Bank of Canada reduced their price target on shares of Boeing from $285.00 to $260.00 and set an “outperform” rating for the company in a research report on Thursday, February 1st. Stifel Nicolaus reiterated a “buy” rating and issued a $270.00 price target on shares of Boeing in a research report on Monday. Bank of America reduced their price target on shares of Boeing from $225.00 to $210.00 and set a “neutral” rating for the company in a research report on Thursday, March 21st. Finally, UBS Group reduced their price target on shares of Boeing from $275.00 to $250.00 and set a “buy” rating for the company in a research report on Thursday, March 21st. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $242.65.

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.