Thomasville National Bank Trims Stock Position in The Boeing Company (NYSE:BA)

Thomasville National Bank decreased its stake in The Boeing Company (NYSE:BAFree Report) by 4.4% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,097 shares of the aircraft producer’s stock after selling 326 shares during the quarter. Thomasville National Bank’s holdings in Boeing were worth $1,370,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Stableford Capital II LLC increased its holdings in Boeing by 190.8% in the first quarter. Stableford Capital II LLC now owns 10,296 shares of the aircraft producer’s stock valued at $1,987,000 after buying an additional 6,756 shares in the last quarter. Lynch & Associates IN increased its stake in shares of Boeing by 0.9% in the 1st quarter. Lynch & Associates IN now owns 20,363 shares of the aircraft producer’s stock valued at $3,930,000 after purchasing an additional 175 shares in the last quarter. Foster Group Inc. raised its holdings in Boeing by 17.4% in the 1st quarter. Foster Group Inc. now owns 3,450 shares of the aircraft producer’s stock worth $666,000 after purchasing an additional 512 shares during the period. Farmers Trust Co. boosted its position in Boeing by 1,115.5% during the first quarter. Farmers Trust Co. now owns 12,580 shares of the aircraft producer’s stock worth $2,428,000 after purchasing an additional 11,545 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV grew its holdings in Boeing by 13.4% in the first quarter. Massmutual Trust Co. FSB ADV now owns 2,518 shares of the aircraft producer’s stock valued at $486,000 after purchasing an additional 297 shares during the period. 64.82% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Benchmark reiterated a “buy” rating and set a $250.00 target price on shares of Boeing in a research report on Tuesday, March 26th. Melius reaffirmed a “hold” rating on shares of Boeing in a report on Monday, April 1st. Melius Research reiterated a “hold” rating on shares of Boeing in a research report on Monday, April 1st. TD Cowen reduced their price target on shares of Boeing from $275.00 to $230.00 and set an “outperform” rating for the company in a research report on Monday, March 25th. Finally, Citigroup lowered their price objective on Boeing from $252.00 to $224.00 and set a “buy” rating on the stock in a report on Thursday, April 25th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $220.89.

View Our Latest Research Report on Boeing

Boeing Trading Up 0.7 %

BA stock traded up $1.31 during midday trading on Thursday, hitting $176.30. 5,476,023 shares of the company’s stock were exchanged, compared to its average volume of 8,615,996. The Boeing Company has a 1-year low of $159.70 and a 1-year high of $267.54. The stock has a market capitalization of $108.23 billion, a PE ratio of -49.66 and a beta of 1.55. The business has a 50-day simple moving average of $177.38 and a two-hundred day simple moving average of $201.28.

Boeing (NYSE:BAGet Free Report) last issued its quarterly earnings data on Wednesday, April 24th. The aircraft producer reported ($1.13) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.43) by $0.30. The business had revenue of $16.57 billion for the quarter, compared to analyst estimates of $17.69 billion. As a group, research analysts expect that The Boeing Company will post -1.57 EPS for the current fiscal year.

Boeing Company Profile

(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.

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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