Enterprise Bank & Trust Co Has $496,000 Stock Position in The Boeing Company (NYSE:BA)

Enterprise Bank & Trust Co lowered its stake in The Boeing Company (NYSE:BAFree Report) by 30.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 2,802 shares of the aircraft producer’s stock after selling 1,212 shares during the period. Enterprise Bank & Trust Co’s holdings in Boeing were worth $496,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. American Century Companies Inc. lifted its holdings in shares of Boeing by 20.8% during the 2nd quarter. American Century Companies Inc. now owns 44,992 shares of the aircraft producer’s stock worth $8,189,000 after acquiring an additional 7,739 shares during the period. Meeder Asset Management Inc. lifted its stake in Boeing by 325.4% in the 2nd quarter. Meeder Asset Management Inc. now owns 302 shares of the aircraft producer’s stock valued at $55,000 after purchasing an additional 231 shares during the last quarter. Zions Bancorporation N.A. lifted its stake in Boeing by 87.0% in the 2nd quarter. Zions Bancorporation N.A. now owns 836 shares of the aircraft producer’s stock valued at $152,000 after purchasing an additional 389 shares during the last quarter. Westover Capital Advisors LLC bought a new position in Boeing in the 2nd quarter valued at approximately $348,000. Finally, Thoroughbred Financial Services LLC lifted its stake in Boeing by 5.1% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 10,803 shares of the aircraft producer’s stock valued at $1,966,000 after purchasing an additional 520 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Stock Down 1.3 %

NYSE:BA traded down $2.20 during trading hours on Monday, reaching $169.80. The company had a trading volume of 4,055,104 shares, compared to its average volume of 8,246,402. The firm has a market cap of $104.97 billion, a price-to-earnings ratio of -13.16 and a beta of 1.52. The business’s 50-day simple moving average is $161.39 and its two-hundred day simple moving average is $165.16. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $217.59.

Boeing (NYSE:BAGet Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The business had revenue of $17.84 billion for the quarter, compared to analysts’ expectations of $17.81 billion. During the same quarter last year, the business earned ($3.26) earnings per share. The company’s quarterly revenue was down 1.5% on a year-over-year basis. As a group, equities analysts predict that The Boeing Company will post -16.18 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently commented on BA shares. Barclays raised shares of Boeing from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $190.00 to $210.00 in a research note on Monday, January 6th. Citigroup dropped their price objective on shares of Boeing from $224.00 to $209.00 and set a “buy” rating for the company in a research note on Tuesday, October 15th. TD Cowen dropped their price objective on shares of Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a research note on Monday, October 14th. Jefferies Financial Group decreased their price target on shares of Boeing from $270.00 to $240.00 and set a “buy” rating for the company in a research report on Monday, September 23rd. Finally, Benchmark restated a “buy” rating and issued a $250.00 price target on shares of Boeing in a research report on Thursday, October 24th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $192.21.

View Our Latest Analysis on Boeing

About Boeing

(Free Report)

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.

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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