Moody National Bank Trust Division Sells 64 Shares of The Boeing Company (NYSE:BA)

Moody National Bank Trust Division lessened its holdings in shares of The Boeing Company (NYSE:BA – Get Rating) by 0.5% during the 4th quarter, HoldingsChannel reports. The firm owned 12,248 shares of the aircraft producer’s stock after selling 64 shares during the period. Moody National Bank Trust Division’s holdings in Boeing were worth $2,333,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Accurate Wealth Management LLC bought a new position in shares of Boeing during the 4th quarter valued at about $280,000. Platform Technology Partners lifted its holdings in shares of Boeing by 3.4% during the 4th quarter. Platform Technology Partners now owns 5,071 shares of the aircraft producer’s stock valued at $966,000 after purchasing an additional 166 shares in the last quarter. Foundations Investment Advisors LLC lifted its holdings in shares of Boeing by 6.6% during the 4th quarter. Foundations Investment Advisors LLC now owns 7,891 shares of the aircraft producer’s stock valued at $1,503,000 after purchasing an additional 489 shares in the last quarter. Community Trust & Investment Co. bought a new position in shares of Boeing during the 4th quarter valued at about $239,000. Finally, JDM Financial Group LLC bought a new position in shares of Boeing during the 4th quarter valued at about $70,000. Institutional investors own 57.07% of the company’s stock.

Boeing Stock Down 1.1 %

Shares of BA stock traded down $2.14 during trading on Friday, reaching $201.05. 9,858,936 shares of the company’s stock were exchanged, compared to its average volume of 6,524,440. The stock has a market capitalization of $120.46 billion, a PE ratio of -24.25, a PEG ratio of 55.65 and a beta of 1.43. The Boeing Company has a twelve month low of $113.02 and a twelve month high of $221.33. The firm’s fifty day moving average price is $209.05 and its 200-day moving average price is $177.92.

Boeing (NYSE:BA – Get Rating) last posted its earnings results on Wednesday, January 25th. The aircraft producer reported ($1.75) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($1.80). The company had revenue of $19.98 billion during the quarter, compared to analyst estimates of $20.10 billion. The company’s revenue was up 35.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($7.69) earnings per share. As a group, analysts anticipate that The Boeing Company will post 0.93 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have commented on BA. Credit Suisse Group set a $200.00 target price on Boeing in a research note on Thursday, January 26th. Jefferies Financial Group boosted their target price on Boeing from $240.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, January 30th. Morgan Stanley cut Boeing from an “overweight” rating to an “equal weight” rating and boosted their target price for the company from $213.00 to $220.00 in a research note on Tuesday, January 10th. Susquehanna boosted their target price on Boeing from $185.00 to $217.00 and gave the company a “positive” rating in a research note on Wednesday, December 14th. Finally, Citigroup boosted their target price on Boeing from $222.00 to $248.00 and gave the company a “buy” rating in a research note on Friday, January 27th. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, Boeing currently has a consensus rating of “Moderate Buy” and an average target price of $225.13.

About Boeing

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The Boeing Co is an aerospace company, which engages in the manufacture of commercial jetliners and defense, space, and security systems. It operates through the following segments: Commercial Airplanes (BCA), Defense, Space and Security (BDS), Global Services (BGS), and Boeing Capital (BCC). The Commercial Airplanes segment includes the development, production, and market of commercial jet aircraft and provides fleet support services, principally to the commercial airline industry worldwide.