Missouri Trust & Investment Co Sells 392 Shares of The Boeing Company (NYSE:BA)

Missouri Trust & Investment Co lowered its position in shares of The Boeing Company (NYSE:BA) by 3.3% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,474 shares of the aircraft producer’s stock after selling 392 shares during the quarter. Boeing comprises 0.7% of Missouri Trust & Investment Co’s holdings, making the stock its 29th biggest position. Missouri Trust & Investment Co’s holdings in Boeing were worth $2,031,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Van ECK Associates Corp increased its stake in shares of Boeing by 122.0% in the 3rd quarter. Van ECK Associates Corp now owns 2,277,548 shares of the aircraft producer’s stock valued at $357,712,000 after purchasing an additional 1,251,456 shares during the last quarter. International Assets Investment Management LLC boosted its stake in Boeing by 289.8% in the third quarter. International Assets Investment Management LLC now owns 1,682,970 shares of the aircraft producer’s stock valued at $2,558,790,000 after buying an additional 1,251,165 shares in the last quarter. Franklin Resources Inc. grew its position in Boeing by 1,296.3% in the third quarter. Franklin Resources Inc. now owns 1,136,895 shares of the aircraft producer’s stock valued at $169,386,000 after acquiring an additional 1,055,472 shares during the last quarter. State Street Corp raised its stake in Boeing by 2.3% during the third quarter. State Street Corp now owns 27,778,195 shares of the aircraft producer’s stock worth $4,223,397,000 after acquiring an additional 636,594 shares in the last quarter. Finally, Jennison Associates LLC raised its stake in Boeing by 9.9% during the third quarter. Jennison Associates LLC now owns 6,700,706 shares of the aircraft producer’s stock worth $1,018,775,000 after acquiring an additional 602,143 shares in the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Boeing Stock Performance

Shares of BA opened at $175.63 on Wednesday. The firm has a market cap of $108.58 billion, a PE ratio of -13.61 and a beta of 1.52. The Boeing Company has a 52-week low of $137.03 and a 52-week high of $217.59. The business’s 50 day moving average price is $163.59 and its two-hundred day moving average price is $164.52.

Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The business had revenue of $17.84 billion for the quarter, compared to analyst estimates of $17.81 billion. During the same period last year, the firm earned ($3.26) EPS. The company’s revenue for the quarter was down 1.5% on a year-over-year basis. Research analysts predict that The Boeing Company will post -16.43 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on BA shares. Northcoast Research raised shares of Boeing from a “sell” rating to a “neutral” rating in a report on Thursday, December 12th. Barclays upgraded shares of Boeing from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $190.00 to $210.00 in a research report on Monday, January 6th. Benchmark reiterated a “buy” rating and set a $250.00 price target on shares of Boeing in a report on Thursday, October 24th. Citigroup cut their price objective on Boeing from $224.00 to $209.00 and set a “buy” rating on the stock in a report on Tuesday, October 15th. Finally, Sanford C. Bernstein lowered Boeing from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $195.00 to $169.00 in a research report on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Boeing has an average rating of “Moderate Buy” and an average target price of $192.21.

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.