The Boeing Company (NYSE:BA) Holdings Lowered by Citizens National Bank Trust Department

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

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC grew its stake in shares of Boeing by 90.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 71,090 shares of the aircraft producer’s stock worth $10,809,000 after purchasing an additional 33,695 shares during the last quarter. Calton & Associates Inc. acquired a new position in shares of Boeing in the 3rd quarter worth approximately $270,000. Sequoia Financial Advisors LLC increased its position in shares of Boeing by 10.4% in the third quarter. Sequoia Financial Advisors LLC now owns 23,217 shares of the aircraft producer’s stock worth $3,530,000 after acquiring an additional 2,179 shares in the last quarter. Eastern Bank increased its position in shares of Boeing by 154.0% in the third quarter. Eastern Bank now owns 12,120 shares of the aircraft producer’s stock worth $1,843,000 after acquiring an additional 7,348 shares in the last quarter. Finally, Waldron Private Wealth LLC increased its position in shares of Boeing by 9.3% in the third quarter. Waldron Private Wealth LLC now owns 5,431 shares of the aircraft producer’s stock worth $826,000 after acquiring an additional 461 shares in the last quarter. 64.82% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Morgan Stanley dropped their target price on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 24th. Citigroup lifted their target price on shares of Boeing from $207.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. Robert W. Baird dropped their target price on shares of Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Sanford C. Bernstein cut shares of Boeing from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $195.00 to $169.00 in a report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. raised their price target on shares of Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Two investment 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 currently has a consensus rating of “Moderate Buy” and a consensus target price of $195.16.

Boeing Trading Up 0.7 %

Shares of Boeing stock opened at $186.20 on Thursday. The firm has a fifty day simple moving average of $176.32 and a 200-day simple moving average of $164.20. The Boeing Company has a 1-year low of $137.03 and a 1-year high of $208.10. The stock has a market capitalization of $139.66 billion, a price-to-earnings ratio of -10.16 and a beta of 1.52.

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 analysts’ consensus estimates of ($1.60) by ($4.30). During the same period last year, the business posted ($0.47) EPS. As a group, research analysts predict that The Boeing Company will post -2.32 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.