The Boeing Company (NYSE:BA) Shares Bought by Trust Co. of Toledo NA OH

Trust Co. of Toledo NA OH boosted its holdings in shares of The Boeing Company (NYSE:BA) by 15.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,382 shares of the aircraft producer’s stock after purchasing an additional 1,614 shares during the quarter. Trust Co. of Toledo NA OH’s holdings in Boeing were worth $2,192,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. American Century Companies Inc. lifted its holdings in Boeing by 20.8% during the second quarter. American Century Companies Inc. now owns 44,992 shares of the aircraft producer’s stock valued at $8,189,000 after purchasing an additional 7,739 shares in the last quarter. Meeder Asset Management Inc. boosted its holdings in Boeing by 325.4% in the 2nd quarter. Meeder Asset Management Inc. now owns 302 shares of the aircraft producer’s stock worth $55,000 after buying an additional 231 shares during the last quarter. Zions Bancorporation N.A. increased its stake in Boeing by 87.0% during the 2nd quarter. Zions Bancorporation N.A. now owns 836 shares of the aircraft producer’s stock worth $152,000 after buying an additional 389 shares in the last quarter. Westover Capital Advisors LLC acquired a new position in shares of Boeing during the second quarter valued at approximately $348,000. Finally, Thoroughbred Financial Services LLC lifted its position in shares of Boeing by 5.1% in the second quarter. Thoroughbred Financial Services LLC now owns 10,803 shares of the aircraft producer’s stock valued at $1,966,000 after acquiring an additional 520 shares in the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

Boeing Stock Down 0.9 %

BA traded down $1.60 during trading on Monday, hitting $170.40. 1,333,619 shares of the stock were exchanged, compared to its average volume of 7,836,214. The firm has a market capitalization of $105.34 billion, a P/E ratio of -13.21 and a beta of 1.52. The Boeing Company has a 1-year low of $137.03 and a 1-year high of $217.59. The stock has a fifty day moving average price of $161.39 and a two-hundred day moving average price of $165.16.

Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The company had revenue of $17.84 billion for the quarter, compared to analysts’ expectations of $17.81 billion. Boeing’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period in the prior year, the company posted ($3.26) EPS. Analysts predict that The Boeing Company will post -16.18 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on BA shares. Barclays upgraded Boeing from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $190.00 to $210.00 in a report on Monday, January 6th. The Goldman Sachs Group lowered their price target on shares of Boeing from $232.00 to $202.00 and set a “buy” rating on the stock in a research report on Tuesday, September 24th. Northcoast Research upgraded shares of Boeing from a “sell” rating to a “neutral” rating in a report on Thursday, December 12th. UBS Group lowered their target price on Boeing from $215.00 to $195.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, January 2nd. Two research 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 company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $192.21.

Boeing 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.