The Boeing Company (NYSE:BA) Stock Holdings Lifted by Parkside Financial Bank & Trust

Parkside Financial Bank & Trust lifted its position in The Boeing Company (NYSE:BA) by 24.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,683 shares of the aircraft producer’s stock after acquiring an additional 730 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Boeing were worth $960,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CNB Bank boosted its position in shares of Boeing by 106.5% in the third quarter. CNB Bank now owns 128 shares of the aircraft producer’s stock worth $25,000 after buying an additional 66 shares during the period. Naples Money Management LLC purchased a new stake in shares of Boeing in the fourth quarter worth approximately $44,000. M&R Capital Management Inc. grew its position in Boeing by 35.0% during the fourth quarter. M&R Capital Management Inc. now owns 193 shares of the aircraft producer’s stock valued at $50,000 after purchasing an additional 50 shares in the last quarter. Keener Financial Planning LLC acquired a new stake in shares of Boeing during the 4th quarter valued at $52,000. Finally, Park Place Capital Corp grew its holdings in shares of Boeing by 185.1% during the 3rd quarter. Park Place Capital Corp now owns 211 shares of the aircraft producer’s stock valued at $40,000 after acquiring an additional 137 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Stock Performance

Shares of BA stock traded up $1.17 during mid-day trading on Wednesday, reaching $170.35. The company’s stock had a trading volume of 7,248,880 shares, compared to its average volume of 9,578,351. The firm’s 50-day moving average is $188.81 and its two-hundred day moving average is $207.19. The company has a market cap of $103.94 billion, a P/E ratio of -46.67, a PEG ratio of 135.00 and a beta of 1.52. The Boeing Company has a 1-year low of $167.53 and a 1-year high of $267.54.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.72) by $0.25. The company had revenue of $22.02 billion during the quarter, compared to analyst estimates of $21.14 billion. The company’s quarterly revenue was up 10.2% on a year-over-year basis. During the same period in the previous year, the company posted ($1.75) earnings per share. Sell-side analysts anticipate that The Boeing Company will post 0.32 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on BA. Citigroup lowered their target price on Boeing from $263.00 to $252.00 and set a “buy” rating on the stock in a research note on Thursday, March 28th. Bank of America reduced their target price on shares of Boeing from $210.00 to $190.00 and set a “neutral” rating for the company in a research note on Thursday, April 11th. Melius Research restated a “hold” rating on shares of Boeing in a research note on Monday, April 1st. Edward Jones cut shares of Boeing from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Finally, Melius restated a “hold” rating on shares of Boeing in a report on Monday, April 1st. One analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $226.71.

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.