The Boeing Company $BA Shares Sold by Missouri Trust & Investment Co

Missouri Trust & Investment Co lowered its position in The Boeing Company (NYSE:BA) by 0.5% in the second quarter, Holdings Channel.com reports. The institutional investor owned 12,906 shares of the aircraft producer’s stock after selling 62 shares during the period. Boeing comprises approximately 0.9% of Missouri Trust & Investment Co’s holdings, making the stock its 23rd largest position. Missouri Trust & Investment Co’s holdings in Boeing were worth $2,704,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Vestcor Inc increased its stake in Boeing by 9.0% in the first quarter. Vestcor Inc now owns 14,489 shares of the aircraft producer’s stock valued at $2,471,000 after purchasing an additional 1,195 shares during the period. National Pension Service grew its holdings in shares of Boeing by 19.6% during the first quarter. National Pension Service now owns 1,333,131 shares of the aircraft producer’s stock worth $227,365,000 after buying an additional 218,049 shares during the last quarter. Wynn Capital LLC acquired a new position in Boeing in the 1st quarter valued at about $584,000. MFG Wealth Management Inc. purchased a new stake in Boeing during the 1st quarter valued at approximately $2,125,000. Finally, Kelman Lazarov Inc. acquired a new stake in Boeing during the 1st quarter worth approximately $262,000. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Boeing Stock Down 0.5%

Shares of BA opened at $215.36 on Thursday. The Boeing Company has a 52-week low of $128.88 and a 52-week high of $242.69. The company has a 50-day simple moving average of $227.04 and a 200-day simple moving average of $201.93. The company has a market capitalization of $162.84 billion, a PE ratio of -13.04 and a beta of 1.48.

Boeing (NYSE:BA) last released its quarterly earnings data on Tuesday, July 29th. The aircraft producer reported ($1.24) EPS for the quarter, missing analysts’ consensus estimates of ($0.92) by ($0.32). The company had revenue of $22.75 billion for the quarter, compared to analysts’ expectations of $20.13 billion. During the same quarter in the prior year, the company posted ($2.90) earnings per share. The company’s quarterly revenue was up 34.9% compared to the same quarter last year. On average, research analysts anticipate that The Boeing Company will post -2.58 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on BA. UBS Group set a $280.00 target price on Boeing and gave the company a “buy” rating in a report on Wednesday, July 30th. Royal Bank Of Canada reissued an “outperform” rating and issued a $250.00 price objective on shares of Boeing in a research note on Wednesday, July 30th. Susquehanna restated a “positive” rating and set a $270.00 price objective on shares of Boeing in a research report on Monday, September 15th. Bank of America lifted their target price on shares of Boeing from $260.00 to $270.00 and gave the company a “buy” rating in a report on Friday, August 1st. Finally, The Goldman Sachs Group set a $212.00 price target on shares of Boeing and gave the stock a “buy” rating in a report on Thursday, June 12th. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $230.77.

Insider Buying and Selling

In related news, EVP David Christopher Raymond sold 3,771 shares of the firm’s stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $229.94, for a total value of $867,103.74. Following the completion of the transaction, the executive vice president directly owned 35,873 shares of the company’s stock, valued at $8,248,637.62. This trade represents a 9.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Mortimer J. Buckley acquired 2,200 shares of Boeing stock in a transaction that occurred on Tuesday, August 19th. The shares were purchased 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 of the company’s stock, valued at $497,420. The trade was a ? increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.09% of the company’s stock.

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.