First Citizens Bank & Trust Co. Acquires 608 Shares of The Boeing Company $BA

First Citizens Bank & Trust Co. increased its holdings in The Boeing Company (NYSE:BA) by 10.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,404 shares of the aircraft producer’s stock after buying an additional 608 shares during the period. First Citizens Bank & Trust Co.’s holdings in Boeing were worth $1,342,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Harbor Asset Planning Inc. purchased a new position in Boeing in the second quarter worth $25,000. Piscataqua Savings Bank grew its holdings in Boeing by 1,712.5% in the second quarter. Piscataqua Savings Bank now owns 145 shares of the aircraft producer’s stock worth $30,000 after purchasing an additional 137 shares during the last quarter. IMG Wealth Management Inc. grew its holdings in Boeing by 159.4% in the second quarter. IMG Wealth Management Inc. now owns 179 shares of the aircraft producer’s stock worth $38,000 after purchasing an additional 110 shares during the last quarter. Monetary Management Group Inc. grew its holdings in Boeing by 33.3% in the first quarter. Monetary Management Group Inc. now owns 200 shares of the aircraft producer’s stock worth $34,000 after purchasing an additional 50 shares during the last quarter. Finally, Keener Financial Planning LLC purchased a new position in Boeing in the second quarter worth $41,000. Institutional investors own 64.82% of the company’s stock.

Insider Buying and Selling at Boeing

In other Boeing news, Director Mortimer J. Buckley purchased 2,200 shares of the stock in a transaction on Tuesday, August 19th. The shares were bought at an average cost of $226.10 per share, with a total value of $497,420.00. Following the completion of the acquisition, the director owned 2,200 shares in the company, valued at $497,420. This trade represents a ? increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP David Christopher Raymond sold 3,771 shares of the company’s stock in a transaction on Friday, August 8th. The shares were sold at an average price of $229.94, for a total transaction of $867,103.74. Following the completion of the sale, the executive vice president directly owned 35,873 shares in the company, valued at approximately $8,248,637.62. The trade was a 9.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by corporate insiders.

Boeing Price Performance

Shares of BA opened at $221.13 on Friday. The firm has a market capitalization of $167.21 billion, a PE ratio of -13.39 and a beta of 1.47. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $242.69. The company’s fifty day moving average price is $221.68 and its 200-day moving average price is $210.01.

Boeing (NYSE:BA) last announced its quarterly earnings data on Tuesday, July 29th. The aircraft producer reported ($1.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.92) by ($0.32). The firm had revenue of $22.75 billion for the quarter, compared to analysts’ expectations of $20.13 billion. Boeing’s revenue was up 34.9% on a year-over-year basis. During the same quarter in the previous year, the business earned ($2.90) earnings per share. As a group, research analysts anticipate that The Boeing Company will post -2.58 EPS for the current fiscal year.

Wall Street Analyst Weigh In

BA has been the topic of several analyst reports. UBS Group set a $280.00 price target on shares of Boeing and gave the stock a “buy” rating in a report on Wednesday, July 30th. JPMorgan Chase & Co. lifted their price target on shares of Boeing from $230.00 to $251.00 and gave the stock an “overweight” rating in a report on Wednesday, July 30th. Jefferies Financial Group set a $255.00 price target on shares of Boeing in a report on Tuesday, September 30th. Bank of America lifted their price target on shares of Boeing from $260.00 to $270.00 and gave the stock a “buy” rating in a report on Friday, August 1st. Finally, Vertical Research raised shares of Boeing from a “hold” rating to a “buy” rating and lifted their price target for the stock from $242.00 to $270.00 in a report on Monday, September 8th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, two have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, Boeing has a consensus rating of “Moderate Buy” and a consensus price target of $242.32.

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.