Boston Trust Walden Corp Sells 203 Shares of The Boeing Company (NYSE:BA)

Boston Trust Walden Corp trimmed its position in shares of The Boeing Company (NYSE:BA) by 5.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,227 shares of the aircraft producer’s stock after selling 203 shares during the period. Boston Trust Walden Corp’s holdings in Boeing were worth $491,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. NorthCrest Asset Manangement LLC increased its position in shares of Boeing by 3.1% during the third quarter. NorthCrest Asset Manangement LLC now owns 62,188 shares of the aircraft producer’s stock valued at $9,455,000 after purchasing an additional 1,882 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in Boeing by 28.3% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 480,246 shares of the aircraft producer’s stock worth $75,072,000 after buying an additional 105,853 shares in the last quarter. Louisiana State Employees Retirement System increased its holdings in Boeing by 1.2% in the 3rd quarter. Louisiana State Employees Retirement System now owns 33,000 shares of the aircraft producer’s stock valued at $5,017,000 after buying an additional 400 shares during the period. Legacy Wealth Asset Management LLC raised its stake in shares of Boeing by 1.4% in the 3rd quarter. Legacy Wealth Asset Management LLC now owns 5,465 shares of the aircraft producer’s stock valued at $831,000 after buying an additional 76 shares in the last quarter. Finally, Massachusetts Wealth Management lifted its holdings in shares of Boeing by 23.9% during the 3rd quarter. Massachusetts Wealth Management now owns 4,230 shares of the aircraft producer’s stock worth $643,000 after acquiring an additional 815 shares during the period. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Price Performance

Shares of NYSE BA opened at $155.01 on Monday. The Boeing Company has a fifty-two week low of $146.02 and a fifty-two week high of $267.54. The firm has a market capitalization of $95.16 billion, a P/E ratio of -43.66 and a beta of 1.57. The company’s 50 day simple moving average is $159.68 and its 200 day simple moving average is $171.64.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The business had revenue of $17.84 billion for the quarter, compared to the consensus estimate of $17.81 billion. During the same period last year, the firm earned ($3.26) EPS. The business’s revenue was down 1.5% on a year-over-year basis. Sell-side analysts expect that The Boeing Company will post -5.35 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. TD Cowen lowered their price objective on Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Royal Bank of Canada reiterated an “outperform” rating and set a $200.00 price objective on shares of Boeing in a research note on Thursday. Stifel Nicolaus boosted their target price on shares of Boeing from $230.00 to $235.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Wells Fargo & Company dropped their target price on shares of Boeing from $109.00 to $86.00 and set an “underweight” rating for the company in a research report on Thursday. Finally, Morgan Stanley cut their price target on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a report on Thursday. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Boeing has an average rating of “Moderate Buy” and an average price target of $191.79.

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.