Community Bank & Trust Waco Texas Cuts Stock Holdings in The Boeing Company (NYSE:BA)

Community Bank & Trust Waco Texas lowered its stake in shares of The Boeing Company (NYSE:BA) by 10.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,374 shares of the aircraft producer’s stock after selling 400 shares during the quarter. Community Bank & Trust Waco Texas’ holdings in Boeing were worth $597,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of BA. Sugar Maple Asset Management LLC purchased a new stake in shares of Boeing during the fourth quarter worth $27,000. RPg Family Wealth Advisory LLC acquired a new position in shares of Boeing during the third quarter worth $28,000. Fiduciary Advisors Inc. acquired a new position in shares of Boeing during the fourth quarter worth $28,000. Cedar Wealth Management LLC acquired a new position in shares of Boeing during the third quarter worth $30,000. Finally, Heck Capital Advisors LLC acquired a new position in shares of Boeing during the fourth quarter worth $33,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on BA. Citigroup boosted their target price on shares of Boeing from $207.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday. Benchmark reiterated a “buy” rating and set a $250.00 target price on shares of Boeing in a research note on Thursday, October 24th. UBS Group boosted their target price on shares of Boeing from $208.00 to $217.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. Susquehanna boosted their target price on shares of Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a research note on Wednesday, January 29th. Finally, Robert W. Baird decreased their price objective on shares of Boeing from $240.00 to $200.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $195.16.

Boeing Stock Performance

Shares of BA opened at $180.58 on Tuesday. The company has a market capitalization of $135.45 billion, a price-to-earnings ratio of -9.86 and a beta of 1.52. The Boeing Company has a fifty-two week low of $137.03 and a fifty-two week high of $209.80. The firm has a 50-day simple moving average of $172.22 and a 200-day simple moving average of $164.02.

Boeing (NYSE:BA) last posted its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same period in the previous year, the firm earned ($0.47) EPS. Equities research analysts forecast that The Boeing Company will post -2.3 EPS 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.