Greenleaf Trust Sells 169 Shares of The Boeing Company (NYSE:BA)

Greenleaf Trust lessened its stake in The Boeing Company (NYSE:BA) by 1.9% in the 4th quarter, HoldingsChannel reports. The fund owned 8,701 shares of the aircraft producer’s stock after selling 169 shares during the quarter. Greenleaf Trust’s holdings in Boeing were worth $2,268,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Boeing by 0.8% during the third quarter. Vanguard Group Inc. now owns 47,609,508 shares of the aircraft producer’s stock worth $9,125,790,000 after acquiring an additional 356,496 shares during the last quarter. Moneta Group Investment Advisors LLC increased its position in Boeing by 109,667.8% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 16,055,730 shares of the aircraft producer’s stock worth $3,058,456,000 after purchasing an additional 16,041,103 shares during the period. Morgan Stanley raised its holdings in Boeing by 1.1% during the 3rd quarter. Morgan Stanley now owns 8,362,267 shares of the aircraft producer’s stock worth $1,602,880,000 after purchasing an additional 91,801 shares during the last quarter. Nuveen Asset Management LLC lifted its position in Boeing by 7.9% during the 2nd quarter. Nuveen Asset Management LLC now owns 6,200,798 shares of the aircraft producer’s stock valued at $1,309,361,000 after purchasing an additional 452,721 shares during the period. Finally, Northern Trust Corp boosted its stake in shares of Boeing by 3.2% in the 3rd quarter. Northern Trust Corp now owns 4,951,181 shares of the aircraft producer’s stock valued at $949,042,000 after purchasing an additional 153,168 shares during the last quarter. 64.82% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on BA shares. Stifel Nicolaus dropped their price target on shares of Boeing from $270.00 to $260.00 and set a “buy” rating for the company in a research note on Wednesday, April 10th. UBS Group dropped their target price 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. TD Cowen reduced their price target on Boeing from $275.00 to $230.00 and set an “outperform” rating on the stock in a research report on Monday, March 25th. Melius Research reiterated a “hold” rating on shares of Boeing in a report on Monday, April 1st. Finally, Edward Jones cut Boeing from a “buy” rating to a “hold” rating in a report on Monday, January 8th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, Boeing has an average rating of “Moderate Buy” and a consensus target price of $229.35.

Boeing Stock Down 0.2 %

Shares of NYSE BA traded down $0.41 during midday trading on Friday, hitting $169.82. 4,693,869 shares of the company’s stock were exchanged, compared to its average volume of 6,936,782. The firm has a market capitalization of $103.61 billion, a PE ratio of -46.15, a price-to-earnings-growth ratio of 134.80 and a beta of 1.52. The Boeing Company has a 12 month low of $167.53 and a 12 month high of $267.54. The company’s 50 day moving average price is $190.29 and its 200 day moving average price is $207.16.

Boeing (NYSE:BA) last posted its earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share for the quarter, topping analysts’ consensus estimates 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 in the prior year, the business posted ($1.75) EPS. The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. On average, equities research analysts anticipate that The Boeing Company will post 0.32 EPS 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.