Bank of Jackson Hole Trust Takes $64,000 Position in The Boeing Company (NYSE:BA)

Bank of Jackson Hole Trust acquired a new position in shares of The Boeing Company (NYSE:BA) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 359 shares of the aircraft producer’s stock, valued at approximately $64,000.

A number of other institutional investors have also added to or reduced their stakes in BA. Allspring Global Investments Holdings LLC increased its position in Boeing by 90.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 71,090 shares of the aircraft producer’s stock worth $10,809,000 after purchasing an additional 33,695 shares in the last quarter. Calton & Associates Inc. acquired a new position in Boeing during the 3rd quarter worth approximately $270,000. Sequoia Financial Advisors LLC increased its position in Boeing by 10.4% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 23,217 shares of the aircraft producer’s stock worth $3,530,000 after purchasing an additional 2,179 shares in the last quarter. Eastern Bank increased its position in Boeing by 154.0% during the 3rd quarter. Eastern Bank now owns 12,120 shares of the aircraft producer’s stock worth $1,843,000 after purchasing an additional 7,348 shares in the last quarter. Finally, Waldron Private Wealth LLC increased its position in Boeing by 9.3% during the 3rd quarter. Waldron Private Wealth LLC now owns 5,431 shares of the aircraft producer’s stock worth $826,000 after purchasing an additional 461 shares in the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Boeing Stock Up 0.7 %

Shares of NYSE BA opened at $186.20 on Thursday. The firm has a market cap of $139.66 billion, a PE ratio of -10.16 and a beta of 1.52. The Boeing Company has a 12-month low of $137.03 and a 12-month high of $208.10. The company’s fifty day simple moving average is $176.32 and its 200 day simple moving average is $164.20.

Boeing (NYSE:BA) last released its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same period in the previous year, the business posted ($0.47) EPS. On average, equities analysts predict that The Boeing Company will post -2.32 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Robert W. Baird lowered their price objective on shares of Boeing from $240.00 to $200.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Sanford C. Bernstein lowered shares of Boeing from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $195.00 to $169.00 in a report on Wednesday, October 30th. Morgan Stanley reduced their target price on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a report on Thursday, October 24th. Susquehanna boosted their target price on shares of Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Boeing currently has a consensus rating of “Moderate Buy” and a consensus target price of $195.16.

Boeing 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.