Community Bank & Trust Waco Texas Cuts Stock Position in The Boeing Company (NYSE:BA)

Community Bank & Trust Waco Texas lessened its holdings in The Boeing Company (NYSE:BA) by 3.7% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 4,399 shares of the aircraft producer’s stock after selling 169 shares during the period. Community Bank & Trust Waco Texas’ holdings in Boeing were worth $1,147,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of BA. CNB Bank grew its position in shares of Boeing by 106.5% during the third quarter. CNB Bank now owns 128 shares of the aircraft producer’s stock valued at $25,000 after purchasing an additional 66 shares in the last quarter. Park Place Capital Corp grew its position in shares of Boeing by 185.1% during the third quarter. Park Place Capital Corp now owns 211 shares of the aircraft producer’s stock valued at $40,000 after purchasing an additional 137 shares in the last quarter. Lowe Wealth Advisors LLC purchased a new position in shares of Boeing during the third quarter valued at about $43,000. Naples Money Management LLC purchased a new position in Boeing in the fourth quarter worth about $44,000. Finally, Blue Bell Private Wealth Management LLC grew its position in Boeing by 66.2% in the third quarter. Blue Bell Private Wealth Management LLC now owns 236 shares of the aircraft producer’s stock worth $45,000 after acquiring an additional 94 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Stock Performance

NYSE:BA traded down $2.37 during trading hours on Wednesday, reaching $166.81. The company’s stock had a trading volume of 10,584,045 shares, compared to its average volume of 9,616,926. The stock has a 50 day moving average price of $188.81 and a two-hundred day moving average price of $207.19. The Boeing Company has a 12 month low of $166.26 and a 12 month high of $267.54. The company has a market capitalization of $101.78 billion, a P/E ratio of -46.67, a price-to-earnings-growth ratio of 135.00 and a beta of 1.52.

Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.72) by $0.25. The firm had revenue of $22.02 billion during the quarter, compared to analysts’ expectations of $21.14 billion. During the same period in the prior year, the firm posted ($1.75) earnings per share. Boeing’s revenue for the quarter was up 10.2% compared to the same quarter last year. As a group, analysts predict that The Boeing Company will post 0.32 EPS for the current fiscal year.

Analysts Set New Price Targets

BA has been the subject of several analyst reports. Stifel Nicolaus decreased their price objective 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. Melius reissued a “hold” rating on shares of Boeing in a research note on Monday, April 1st. Benchmark reissued a “buy” rating and issued a $250.00 price objective on shares of Boeing in a research note on Tuesday, March 26th. Northcoast Research downgraded shares of Boeing from a “neutral” rating to a “sell” rating and set a $140.00 price objective for the company. in a research note on Wednesday, April 17th. Finally, Barclays decreased their price objective on shares of Boeing from $235.00 to $190.00 and set an “equal weight” rating for the company in a research note on Monday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $226.71.

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.