Blue Trust Inc. Has $2.20 Million Holdings in The Boeing Company (NYSE:BA)

Blue Trust Inc. decreased its position in shares of The Boeing Company (NYSE:BA) by 22.1% in the fourth quarter, Holdings Channel reports. The fund owned 12,429 shares of the aircraft producer’s stock after selling 3,521 shares during the period. Blue Trust Inc.’s holdings in Boeing were worth $2,200,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of BA. Exchange Traded Concepts LLC grew its stake in shares of Boeing by 691.3% in the third quarter. Exchange Traded Concepts LLC now owns 1,725 shares of the aircraft producer’s stock worth $262,000 after acquiring an additional 1,507 shares during the last quarter. Vontobel Holding Ltd. grew its position in Boeing by 50.8% in the 3rd quarter. Vontobel Holding Ltd. now owns 22,176 shares of the aircraft producer’s stock worth $3,372,000 after purchasing an additional 7,471 shares during the last quarter. Cardinal Capital Management acquired a new position in shares of Boeing during the third quarter valued at about $461,000. Claro Advisors LLC lifted its stake in shares of Boeing by 624.4% in the third quarter. Claro Advisors LLC now owns 10,953 shares of the aircraft producer’s stock valued at $1,665,000 after buying an additional 9,441 shares during the period. Finally, Aaron Wealth Advisors LLC raised its holdings in Boeing by 18.7% in the 3rd quarter. Aaron Wealth Advisors LLC now owns 2,029 shares of the aircraft producer’s stock valued at $308,000 after acquiring an additional 320 shares in the last quarter. 64.82% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

BA has been the topic of several analyst reports. Barclays raised shares of Boeing from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $190.00 to $210.00 in a report on Monday, January 6th. Northcoast Research upgraded shares of Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $200.00 price objective on shares of Boeing in a research note on Wednesday, January 29th. Citigroup boosted their target price on Boeing from $207.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, February 10th. Finally, Wells Fargo & Company increased their target price on Boeing from $85.00 to $103.00 and gave the stock an “underweight” rating in a report on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $195.16.

Boeing Price Performance

Shares of NYSE BA opened at $184.52 on Friday. The business has a 50-day moving average of $174.96 and a 200-day moving average of $164.24. The stock has a market capitalization of $138.40 billion, a price-to-earnings ratio of -10.07 and a beta of 1.52. The Boeing Company has a fifty-two week low of $137.03 and a fifty-two week high of $208.10.

Boeing (NYSE:BA) last announced its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same period in the prior year, the company posted ($0.47) earnings per share. On average, sell-side analysts expect that The Boeing Company will post -2.3 EPS for the current year.

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.