Missouri Trust & Investment Co Has $2.03 Million Stock Position in The Boeing Company (NYSE:BA)

Missouri Trust & Investment Co lessened its holdings in The Boeing Company (NYSE:BA) by 3.3% during the fourth quarter, HoldingsChannel reports. The fund owned 11,474 shares of the aircraft producer’s stock after selling 392 shares during the quarter. Boeing accounts for about 0.7% of Missouri Trust & Investment Co’s investment portfolio, making the stock its 29th biggest holding. Missouri Trust & Investment Co’s holdings in Boeing were worth $2,031,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Sugar Maple Asset Management LLC bought a new stake in shares of Boeing in the 4th quarter worth $27,000. RPg Family Wealth Advisory LLC purchased a new stake in Boeing in the 3rd quarter valued at about $28,000. Cedar Wealth Management LLC bought a new position in shares of Boeing during the 3rd quarter worth approximately $30,000. Planning Capital Management Corp boosted its stake in shares of Boeing by 741.0% in the 3rd quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer’s stock worth $50,000 after buying an additional 289 shares during the last quarter. Finally, Truvestments Capital LLC bought a new position in shares of Boeing in the third quarter valued at approximately $58,000. Institutional investors own 64.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on BA shares. DZ Bank cut Boeing from a “buy” rating to a “hold” rating and set a $152.00 target price on the stock. in a research note on Tuesday, October 15th. The Goldman Sachs Group dropped their target price on shares of Boeing from $232.00 to $202.00 and set a “buy” rating on the stock in a research note on Tuesday, September 24th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, January 2nd. Benchmark reissued a “buy” rating and set a $250.00 price objective on shares of Boeing in a report on Thursday, October 24th. Finally, Barclays upgraded Boeing from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $190.00 to $210.00 in a research note on Monday, January 6th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $192.21.

Boeing Trading Up 2.7 %

Shares of NYSE BA opened at $175.63 on Wednesday. The business has a 50-day moving average of $163.59 and a 200-day moving average of $164.52. The firm has a market capitalization of $108.58 billion, a price-to-earnings ratio of -13.61 and a beta of 1.52. The Boeing Company has a 12 month low of $137.03 and a 12 month high of $217.59.

Boeing (NYSE:BA) last issued 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 firm had revenue of $17.84 billion for the quarter, compared to analysts’ expectations of $17.81 billion. During the same quarter last year, the firm earned ($3.26) earnings per share. Boeing’s revenue was down 1.5% on a year-over-year basis. On average, analysts predict that The Boeing Company will post -16.43 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.