Trust Co. of Toledo NA OH Sells 160 Shares of The Boeing Company (NYSE:BA)

Trust Co. of Toledo NA OH trimmed its position in The Boeing Company (NYSE:BA) by 1.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,768 shares of the aircraft producer’s stock after selling 160 shares during the period. Trust Co. of Toledo NA OH’s holdings in Boeing were worth $1,637,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. KBC Group NV boosted its holdings in Boeing by 8.2% in the fourth quarter. KBC Group NV now owns 39,196 shares of the aircraft producer’s stock worth $10,217,000 after acquiring an additional 2,977 shares in the last quarter. Capital International Sarl grew its position in Boeing by 10.8% during the 4th quarter. Capital International Sarl now owns 24,498 shares of the aircraft producer’s stock worth $6,386,000 after purchasing an additional 2,397 shares during the last quarter. Crossmark Global Holdings Inc. increased its stake in Boeing by 5.8% during the 4th quarter. Crossmark Global Holdings Inc. now owns 14,709 shares of the aircraft producer’s stock valued at $3,834,000 after purchasing an additional 811 shares in the last quarter. Annex Advisory Services LLC raised its holdings in shares of Boeing by 61.7% in the fourth quarter. Annex Advisory Services LLC now owns 2,468 shares of the aircraft producer’s stock worth $643,000 after buying an additional 942 shares during the last quarter. Finally, Cetera Advisor Networks LLC lifted its stake in shares of Boeing by 13.6% during the fourth quarter. Cetera Advisor Networks LLC now owns 120,736 shares of the aircraft producer’s stock worth $31,471,000 after buying an additional 14,459 shares during the period. 64.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BA has been the topic of a number of research analyst reports. TD Cowen dropped their price objective on shares of Boeing from $230.00 to $200.00 and set a “buy” rating on the stock in a report on Tuesday. Wells Fargo & Company dropped their price objective on shares of Boeing from $119.00 to $110.00 and set an “underweight” rating on the stock in a report on Tuesday. The Goldman Sachs Group dropped their price objective on shares of Boeing from $232.00 to $202.00 and set a “buy” rating on the stock in a report on Tuesday, September 24th. Jefferies Financial Group dropped their price objective on shares of Boeing from $270.00 to $240.00 and set a “buy” rating on the stock in a report on Monday, September 23rd. Finally, Sanford C. Bernstein lowered their price target on shares of Boeing from $222.00 to $207.00 and set an “outperform” rating on the stock in a report on Monday, August 5th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating, fourteen have given 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 a consensus target price of $207.67.

Boeing Stock Down 0.9 %

BA opened at $152.89 on Thursday. The Boeing Company has a twelve month low of $149.49 and a twelve month high of $267.54. The company has a 50-day moving average price of $166.80 and a 200 day moving average price of $175.54. The company has a market cap of $93.86 billion, a PE ratio of -43.07 and a beta of 1.57.

Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share for the quarter, missing the consensus estimate of ($1.00) by ($1.90). The company had revenue of $16.87 billion for the quarter, compared to analysts’ expectations of $17.35 billion. During the same period in the previous year, the business posted ($0.82) EPS. The firm’s revenue was down 14.6% on a year-over-year basis. As a group, sell-side analysts expect that The Boeing Company will post -4.27 earnings per share for the current year.

About Boeing

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.