Fulton Bank N.A. Has $678,000 Stock Holdings in The Boeing Company (NYSE:BA)

Fulton Bank N.A. lessened its position in The Boeing Company (NYSE:BA) by 35.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,726 shares of the aircraft producer’s stock after selling 2,002 shares during the quarter. Fulton Bank N.A.’s holdings in Boeing were worth $678,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Vermillion & White Wealth Management Group LLC bought a new position in shares of Boeing during the 4th quarter worth approximately $26,000. Evolution Advisers Inc. bought a new position in shares of Boeing during the 4th quarter worth approximately $28,000. DiNuzzo Private Wealth Inc. bought a new position in shares of Boeing during the 4th quarter worth approximately $28,000. Vima LLC bought a new stake in Boeing in the 4th quarter valued at $34,000. Finally, McClarren Financial Advisors Inc. boosted its stake in Boeing by 451.4% in the 1st quarter. McClarren Financial Advisors Inc. now owns 193 shares of the aircraft producer’s stock valued at $37,000 after purchasing an additional 158 shares during the period. Institutional investors and hedge funds own 64.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Citigroup cut their target price on Boeing from $252.00 to $224.00 and set a “buy” rating for the company in a research report on Thursday, April 25th. UBS Group lowered their price target on Boeing from $250.00 to $240.00 and set a “buy” rating for the company in a report on Friday, June 7th. Argus cut Boeing from a “buy” rating to a “hold” rating in a report on Tuesday, April 30th. Northcoast Research cut Boeing from a “neutral” rating to a “sell” rating and set a $140.00 price target for the company. in a report on Wednesday, April 17th. Finally, Wells Fargo & Company lowered their price target on Boeing from $190.00 to $185.00 and set an “equal weight” rating for the company in a report on Friday, August 2nd. Two analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Boeing has an average rating of “Moderate Buy” and an average price target of $215.18.

Boeing Stock Down 0.6 %

Boeing stock traded down $1.06 during mid-day trading on Wednesday, reaching $163.98. 2,558,615 shares of the company’s stock were exchanged, compared to its average volume of 8,171,327. The business’s fifty day simple moving average is $181.52 and its 200 day simple moving average is $186.50. The firm has a market capitalization of $100.66 billion, a PE ratio of -46.69 and a beta of 1.56. The Boeing Company has a one year low of $159.70 and a one year high of $267.54.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.00) by ($1.90). The business had revenue of $16.87 billion during the quarter, compared to analysts’ expectations of $17.35 billion. Boeing’s revenue for the quarter was down 14.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.82) EPS. On average, sell-side analysts forecast that The Boeing Company will post -2.38 earnings per share for the current year.

Boeing Company 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.