Farmers Trust Co. Sells 227 Shares of The Boeing Company (NYSE:BA)

Farmers Trust Co. lessened its stake in The Boeing Company (NYSE:BA) by 16.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 1,190 shares of the aircraft producer’s stock after selling 227 shares during the period. Farmers Trust Co.’s holdings in Boeing were worth $211,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the company. Lantz Financial LLC grew its holdings in shares of Boeing by 109.7% during the 2nd quarter. Lantz Financial LLC now owns 2,695 shares of the aircraft producer’s stock worth $491,000 after purchasing an additional 1,410 shares in the last quarter. Strategic Financial Concepts LLC acquired a new stake in Boeing during the second quarter worth $41,000. Royal London Asset Management Ltd. increased its holdings in Boeing by 2.4% in the 2nd quarter. Royal London Asset Management Ltd. now owns 230,135 shares of the aircraft producer’s stock valued at $41,887,000 after buying an additional 5,296 shares during the period. Angeles Wealth Management LLC raised its stake in shares of Boeing by 11.0% in the 2nd quarter. Angeles Wealth Management LLC now owns 1,691 shares of the aircraft producer’s stock valued at $308,000 after buying an additional 167 shares in the last quarter. Finally, Capital Management Associates NY lifted its holdings in shares of Boeing by 16.3% during the 2nd quarter. Capital Management Associates NY now owns 7,215 shares of the aircraft producer’s stock worth $1,313,000 after acquiring an additional 1,012 shares during the period. 64.82% of the stock is owned by institutional investors and hedge funds.

Boeing Stock Performance

NYSE BA opened at $172.04 on Thursday. The stock has a market capitalization of $106.36 billion, a P/E ratio of -13.34 and a beta of 1.52. The Boeing Company has a 52 week low of $137.03 and a 52 week high of $231.61. The stock has a fifty day moving average of $160.58 and a 200-day moving average of $165.32.

Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The company had revenue of $17.84 billion during the quarter, compared to analysts’ expectations of $17.81 billion. During the same period last year, the firm posted ($3.26) EPS. The firm’s revenue for the quarter was down 1.5% on a year-over-year basis. Equities research analysts forecast that The Boeing Company will post -16.18 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently issued reports on BA shares. JPMorgan Chase & Co. dropped their price target on shares of Boeing from $195.00 to $190.00 and set an “overweight” rating for the company in a research report on Monday, November 25th. Sanford C. Bernstein cut Boeing from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $195.00 to $169.00 in a report on Wednesday, October 30th. Citigroup decreased their price target on Boeing from $224.00 to $209.00 and set a “buy” rating on the stock in a research note on Tuesday, October 15th. Benchmark reiterated a “buy” rating and set a $250.00 price objective on shares of Boeing in a research note on Thursday, October 24th. Finally, The Goldman Sachs Group reduced their target price on shares of Boeing from $232.00 to $202.00 and set a “buy” rating on the stock in a research note on Tuesday, September 24th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus 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.