Community Bank & Trust Waco Texas Reduces Stake in The Boeing Company (NYSE:BA)

Community Bank & Trust Waco Texas decreased its holdings in shares of The Boeing Company (NYSE:BA) by 3.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,399 shares of the aircraft producer’s stock after selling 169 shares during the quarter. Community Bank & Trust Waco Texas’ holdings in Boeing were worth $1,147,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Summit Global Investments lifted its holdings in shares of Boeing by 3.5% during the third quarter. Summit Global Investments now owns 4,208 shares of the aircraft producer’s stock worth $807,000 after purchasing an additional 143 shares during the period. RFG Advisory LLC increased its position in shares of Boeing by 13.1% in the third quarter. RFG Advisory LLC now owns 4,172 shares of the aircraft producer’s stock worth $800,000 after acquiring an additional 483 shares in the last quarter. Bard Financial Services Inc. boosted its stake in shares of Boeing by 6.7% in the third quarter. Bard Financial Services Inc. now owns 2,000 shares of the aircraft producer’s stock valued at $383,000 after purchasing an additional 125 shares during the period. McBroom & Associates LLC boosted its stake in shares of Boeing by 3.4% in the third quarter. McBroom & Associates LLC now owns 26,660 shares of the aircraft producer’s stock valued at $5,110,000 after purchasing an additional 877 shares during the period. Finally, Community Trust & Investment Co. boosted its stake in Boeing by 5.3% during the 3rd quarter. Community Trust & Investment Co. now owns 1,322 shares of the aircraft producer’s stock valued at $253,000 after acquiring an additional 67 shares during the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Analyst Upgrades and Downgrades

BA has been the topic of a number of analyst reports. Barclays dropped their price objective on shares of Boeing from $235.00 to $190.00 and set an “equal weight” rating on the stock in a report on Monday. Susquehanna decreased their target price on shares of Boeing from $265.00 to $230.00 and set a “positive” rating for the company in a report on Thursday, March 21st. Benchmark restated a “buy” rating and set a $250.00 price target on shares of Boeing in a report on Tuesday, March 26th. Melius Research restated a “hold” rating on shares of Boeing in a report on Monday, April 1st. Finally, The Goldman Sachs Group decreased their price target on shares of Boeing from $268.00 to $257.00 and set a “buy” rating for the company in a report on Monday, March 25th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $226.71.

Boeing Stock Down 1.4 %

Shares of NYSE:BA traded down $2.37 during midday trading on Wednesday, hitting $166.81. The stock had a trading volume of 10,584,045 shares, compared to its average volume of 9,616,926. The Boeing Company has a 12 month low of $166.26 and a 12 month high of $267.54. The business’s 50-day simple moving average is $188.81 and its 200-day simple moving average is $207.19. The company has a market cap of $101.78 billion, a P/E ratio of -46.67, a PEG ratio of 135.00 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 for the quarter, beating the consensus estimate of ($0.72) by $0.25. The firm had revenue of $22.02 billion during the quarter, compared to the consensus estimate of $21.14 billion. During the same period in the prior year, the business posted ($1.75) earnings per share. Boeing’s quarterly revenue was up 10.2% compared to the same quarter last year. As a group, equities analysts predict that The Boeing Company will post 0.32 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.