First American Trust FSB Makes New $367,000 Investment in The Boeing Company (NYSE:BA)

First American Trust FSB acquired a new position in The Boeing Company (NYSE:BA) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,409 shares of the aircraft producer’s stock, valued at approximately $367,000.

Several other institutional investors have also recently made changes to their positions in BA. CNB Bank lifted its holdings in Boeing by 106.5% during the 3rd quarter. CNB Bank now owns 128 shares of the aircraft producer’s stock valued at $25,000 after buying an additional 66 shares in the last quarter. True Wealth Design LLC purchased a new position in shares of Boeing in the 4th quarter worth approximately $33,000. Park Place Capital Corp grew its position in Boeing by 185.1% during the 3rd quarter. Park Place Capital Corp now owns 211 shares of the aircraft producer’s stock worth $40,000 after purchasing an additional 137 shares during the last quarter. Industrial Alliance Investment Management Inc. purchased a new stake in Boeing during the 4th quarter worth approximately $41,000. Finally, Fortis Capital Advisors LLC grew its position in Boeing by 100.0% during the 1st quarter. Fortis Capital Advisors LLC now owns 200 shares of the aircraft producer’s stock worth $42,000 after purchasing an additional 100 shares during the last quarter. Institutional investors own 64.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on BA shares. Susquehanna dropped their price objective on shares of Boeing from $265.00 to $230.00 and set a “positive” rating on the stock in a report on Thursday, March 21st. Sanford C. Bernstein decreased their target price on shares of Boeing from $272.00 to $240.00 and set an “outperform” rating for the company in a research note on Monday, April 8th. Northcoast Research cut shares of Boeing from a “buy” rating to a “neutral” rating in a research note on Friday, February 23rd. Melius reiterated a “hold” rating on shares of Boeing in a research note on Monday, April 1st. Finally, TD Cowen decreased their target price on shares of Boeing from $275.00 to $230.00 and set an “outperform” rating for the company in a research note on Monday, March 25th. Nine analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $233.88.

Boeing Stock Up 0.3 %

NYSE:BA traded up $0.42 during midday trading on Tuesday, reaching $168.24. The stock had a trading volume of 1,891,726 shares, compared to its average volume of 9,769,129. The Boeing Company has a 12-month low of $167.53 and a 12-month high of $267.54. The firm has a fifty day simple moving average of $193.45 and a two-hundred day simple moving average of $207.95. The stock has a market cap of $102.65 billion, a P/E ratio of -45.69, a P/E/G ratio of 115.71 and a beta of 1.52.

Boeing (NYSE:BA) last released its earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.72) by $0.25. The firm had revenue of $22.02 billion during the quarter, compared to analysts’ expectations of $21.14 billion. Boeing’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter last year, the company posted ($1.75) earnings per share. On average, sell-side analysts anticipate that The Boeing Company will post 0.37 earnings per share for the current fiscal 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.