Cetera Trust Company N.A Buys New Stake in The Boeing Company (NYSE:BA)

Cetera Trust Company N.A purchased a new position in The Boeing Company (NYSE:BA - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,343 shares of the aircraft producer's stock, valued at approximately $2,175,000. Boeing makes up 1.4% of Cetera Trust Company N.A's holdings, making the stock its 26th biggest position.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Boeing by 0.8% during the third quarter. Vanguard Group Inc. now owns 47,609,508 shares of the aircraft producer's stock valued at $9,125,790,000 after buying an additional 356,496 shares during the last quarter. Moneta Group Investment Advisors LLC boosted its stake in Boeing by 109,667.8% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 16,055,730 shares of the aircraft producer's stock valued at $3,058,456,000 after buying an additional 16,041,103 shares during the last quarter. Morgan Stanley boosted its stake in Boeing by 1.1% during the third quarter. Morgan Stanley now owns 8,362,267 shares of the aircraft producer's stock valued at $1,602,880,000 after buying an additional 91,801 shares during the last quarter. Nuveen Asset Management LLC boosted its stake in Boeing by 7.9% during the second quarter. Nuveen Asset Management LLC now owns 6,200,798 shares of the aircraft producer's stock valued at $1,309,361,000 after buying an additional 452,721 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in Boeing by 3.2% during the third quarter. Northern Trust Corp now owns 4,951,181 shares of the aircraft producer's stock valued at $949,042,000 after buying an additional 153,168 shares during the last quarter. Hedge funds and other institutional investors own 64.82% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on BA shares. Citigroup lowered their price objective on Boeing from $263.00 to $252.00 and set a "buy" rating for the company in a research note on Thursday, March 28th. Morgan Stanley decreased their price target on Boeing from $235.00 to $180.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 10th. Melius reissued a "hold" rating on shares of Boeing in a research note on Monday, April 1st. Edward Jones lowered Boeing from a "buy" rating to a "hold" rating in a research note on Monday, January 8th. Finally, UBS Group reduced their price objective on Boeing from $275.00 to $250.00 and set a "buy" rating on the stock in a report on Thursday, March 21st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $229.35.

Boeing Price Performance

BA traded down $0.41 on Friday, reaching $169.82. 4,693,869 shares of the stock were exchanged, compared to its average volume of 6,936,782. The company's 50-day moving average price is $190.29 and its 200 day moving average price is $207.43. The Boeing Company has a fifty-two week low of $167.53 and a fifty-two week high of $267.54. The firm has a market capitalization of $103.61 billion, a PE ratio of -46.15, a PEG ratio of 134.48 and a beta of 1.52.

Boeing (NYSE:BA - Get Free Report) last issued its quarterly earnings data on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.72) by $0.25. The company had revenue of $22.02 billion during the quarter, compared to analyst estimates of $21.14 billion. The business's quarterly revenue was up 10.2% compared to the same quarter last year. During the same period last year, the firm earned ($1.75) EPS. As a group, equities analysts forecast that The Boeing Company will post 0.32 earnings per share for the current fiscal year.

About Boeing

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.