Dorsey & Whitney Trust CO LLC Acquires 1,964 Shares of The Boeing Company (NYSE:BA)

Dorsey & Whitney Trust CO LLC raised its holdings in The Boeing Company (NYSE:BAFree Report) by 32.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 7,952 shares of the aircraft producer’s stock after purchasing an additional 1,964 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in Boeing were worth $2,073,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. Gold Investment Management Ltd. bought a new stake in shares of Boeing during the 4th quarter worth approximately $802,000. Pingora Partners LLC bought a new stake in shares of Boeing during the 4th quarter worth approximately $2,634,000. Camden National Bank bought a new stake in shares of Boeing during the 4th quarter worth approximately $245,000. Atalanta Sosnoff Capital LLC lifted its holdings in shares of Boeing by 27.9% during the 4th quarter. Atalanta Sosnoff Capital LLC now owns 354,058 shares of the aircraft producer’s stock worth $92,289,000 after acquiring an additional 77,207 shares during the period. Finally, Catalytic Wealth RIA LLC bought a new stake in shares of Boeing during the 4th quarter worth approximately $718,000. Institutional investors own 64.82% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on BA. Northcoast Research downgraded shares of Boeing from a “neutral” rating to a “sell” rating and set a $140.00 price target for the company. in a report on Wednesday, April 17th. Morgan Stanley lowered their price objective on shares of Boeing from $235.00 to $180.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 10th. Susquehanna reiterated a “positive” rating and set a $230.00 price objective on shares of Boeing in a research report on Wednesday, May 15th. Benchmark reiterated a “buy” rating and set a $250.00 price objective on shares of Boeing in a research report on Tuesday, March 26th. Finally, Barclays lowered their price objective on shares of Boeing from $235.00 to $190.00 and set an “equal weight” rating for the company in a research report on Monday, April 22nd. Two analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $221.24.

View Our Latest Stock Report on BA

Boeing Stock Performance

Shares of NYSE:BA traded up $5.01 during trading on Friday, reaching $177.76. The stock had a trading volume of 5,768,731 shares, compared to its average volume of 8,998,989. The firm’s fifty day moving average is $177.94 and its 200 day moving average is $204.70. The Boeing Company has a 52 week low of $159.70 and a 52 week high of $267.54. The stock has a market cap of $109.12 billion, a price-to-earnings ratio of -50.07 and a beta of 1.54.

Boeing (NYSE:BAGet Free Report) last posted its quarterly earnings data on Wednesday, April 24th. The aircraft producer reported ($1.13) EPS for the quarter, beating analysts’ consensus estimates of ($1.43) by $0.30. The firm had revenue of $16.57 billion during the quarter, compared to the consensus estimate of $17.69 billion. On average, research analysts forecast that The Boeing Company will post -1.19 earnings per share for the current fiscal year.

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.

Further Reading

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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