Community Bank & Trust Waco Texas Has $929,000 Stock Position in The Boeing Company (NYSE:BA)

Community Bank & Trust Waco Texas increased its holdings in The Boeing Company (NYSE:BAGet Rating) by 10.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,850 shares of the aircraft producer’s stock after acquiring an additional 444 shares during the period. Community Bank & Trust Waco Texas’ holdings in Boeing were worth $929,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in BA. Bowling Portfolio Management LLC boosted its stake in Boeing by 4.1% in the first quarter. Bowling Portfolio Management LLC now owns 3,787 shares of the aircraft producer’s stock valued at $725,000 after acquiring an additional 148 shares during the last quarter. Shell Asset Management Co. raised its position in shares of Boeing by 0.9% in the first quarter. Shell Asset Management Co. now owns 25,335 shares of the aircraft producer’s stock worth $4,852,000 after buying an additional 214 shares in the last quarter. New York State Common Retirement Fund boosted its stake in Boeing by 0.4% during the first quarter. New York State Common Retirement Fund now owns 985,948 shares of the aircraft producer’s stock valued at $188,809,000 after buying an additional 3,800 shares during the period. Creative Financial Designs Inc. ADV increased its stake in Boeing by 14.0% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 2,587 shares of the aircraft producer’s stock worth $495,000 after acquiring an additional 317 shares during the last quarter. Finally, Douglas Lane & Associates LLC raised its holdings in shares of Boeing by 4.0% in the 1st quarter. Douglas Lane & Associates LLC now owns 3,635 shares of the aircraft producer’s stock valued at $696,000 after acquiring an additional 140 shares in the last quarter. Institutional investors own 53.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on BA. UBS Group set a $263.00 price objective on shares of Boeing and gave the stock a “buy” rating in a research report on Thursday, April 28th. Citigroup upgraded shares of Boeing from a “neutral” rating to a “buy” rating and lowered their price objective for the company from $219.00 to $209.00 in a research report on Thursday, June 16th. Jefferies Financial Group cut their target price on shares of Boeing from $270.00 to $225.00 and set a “buy” rating for the company in a research report on Monday, May 2nd. Sanford C. Bernstein dropped their price target on Boeing from $239.00 to $216.00 in a research note on Thursday, April 28th. Finally, Bank of America increased their price objective on Boeing from $150.00 to $170.00 and gave the company a “neutral” rating in a research report on Friday, July 15th. Four investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $219.56.

Boeing Stock Performance

Shares of NYSE BA traded down $5.51 during midday trading on Wednesday, hitting $166.57. 144,627 shares of the company traded hands, compared to its average volume of 8,271,301. The Boeing Company has a 12-month low of $113.02 and a 12-month high of $233.94. The stock has a 50-day moving average price of $148.33 and a 200 day moving average price of $164.90. The firm has a market cap of $98.91 billion, a P/E ratio of -18.71 and a beta of 1.38.

Boeing (NYSE:BAGet Rating) last announced its earnings results on Wednesday, July 27th. The aircraft producer reported ($0.37) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.23). The firm had revenue of $16.68 billion for the quarter, compared to analysts’ expectations of $17.53 billion. The company’s quarterly revenue was down 1.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.40 EPS. As a group, equities analysts expect that The Boeing Company will post -1.69 earnings per share for the current year.

Boeing Company Profile

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The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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