Bangor Savings Bank Buys 5,043 Shares of The Boeing Company (NYSE:BA)

Bangor Savings Bank boosted its position in shares of The Boeing Company (NYSE:BA) by 1,159.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,478 shares of the aircraft producer’s stock after acquiring an additional 5,043 shares during the period. Bangor Savings Bank’s holdings in Boeing were worth $970,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Lantz Financial LLC raised its holdings in Boeing by 109.7% during the second quarter. Lantz Financial LLC now owns 2,695 shares of the aircraft producer’s stock valued at $491,000 after acquiring an additional 1,410 shares during the period. Strategic Financial Concepts LLC bought a new stake in Boeing during the 2nd quarter valued at approximately $41,000. Caprock Group LLC lifted its holdings in Boeing by 40.0% in the 2nd quarter. Caprock Group LLC now owns 9,982 shares of the aircraft producer’s stock worth $1,817,000 after purchasing an additional 2,854 shares in the last quarter. Ellis Investment Partners LLC boosted its stake in Boeing by 74.1% in the 2nd quarter. Ellis Investment Partners LLC now owns 2,307 shares of the aircraft producer’s stock worth $420,000 after purchasing an additional 982 shares during the period. Finally, Ballentine Partners LLC grew its holdings in Boeing by 4.2% during the 2nd quarter. Ballentine Partners LLC now owns 5,584 shares of the aircraft producer’s stock valued at $1,016,000 after buying an additional 223 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Stock Up 0.6 %

BA opened at $170.87 on Tuesday. The business has a fifty day moving average of $159.83 and a 200 day moving average of $165.30. The stock has a market cap of $105.63 billion, a P/E ratio of -13.25 and a beta of 1.52. The Boeing Company has a 52-week low of $137.03 and a 52-week high of $233.85.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share (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. The company’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same period in the prior year, the company earned ($3.26) earnings per share. Equities analysts anticipate that The Boeing Company will post -16.18 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently weighed in on BA. TD Cowen dropped their target price on shares of Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a research report on Monday, October 14th. UBS Group dropped their price objective on shares of Boeing from $215.00 to $195.00 and set a “buy” rating for the company in a report on Thursday, October 24th. DZ Bank cut Boeing from a “buy” rating to a “hold” rating and set a $152.00 target price on the stock. in a report on Tuesday, October 15th. Royal Bank of Canada reissued an “outperform” rating and set a $200.00 price target on shares of Boeing in a research note on Wednesday, October 30th. Finally, Robert W. Baird reduced their price objective on Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $192.21.

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.