The Boeing Company (NYSE:BA) Shares Sold by Citizens National Bank Trust Department

Citizens National Bank Trust Department lowered its holdings in The Boeing Company (NYSE:BA) by 4.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,687 shares of the aircraft producer’s stock after selling 438 shares during the period. Citizens National Bank Trust Department’s holdings in Boeing were worth $1,715,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in BA. Sierra Ocean LLC acquired a new stake in shares of Boeing in the fourth quarter worth $26,000. Sugar Maple Asset Management LLC acquired a new stake in Boeing during the 4th quarter valued at $27,000. RPg Family Wealth Advisory LLC acquired a new stake in Boeing during the 3rd quarter valued at $28,000. Fiduciary Advisors Inc. acquired a new stake in Boeing during the 4th quarter valued at $28,000. Finally, HighMark Wealth Management LLC grew its holdings in Boeing by 121.6% during the 4th quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock valued at $29,000 after purchasing an additional 90 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on BA shares. Deutsche Bank Aktiengesellschaft raised their price target on shares of Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, January 2nd. Morgan Stanley lowered their price target on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a report on Thursday, October 24th. Northcoast Research raised shares of Boeing from a “sell” rating to a “neutral” rating in a report on Thursday, December 12th. Barclays raised shares of Boeing from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $190.00 to $210.00 in a report on Monday, January 6th. Finally, UBS Group raised their price objective on shares of Boeing from $208.00 to $217.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $195.16.

Boeing Stock Up 0.7 %

Shares of NYSE:BA opened at $186.20 on Thursday. The company has a market cap of $139.66 billion, a PE ratio of -10.16 and a beta of 1.52. The company’s 50-day moving average price is $176.32 and its 200 day moving average price is $164.20. 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 issued its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same quarter in the previous year, the company posted ($0.47) EPS. As a group, equities analysts anticipate that The Boeing Company will post -2.32 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.