Northwest Bank & Trust Co Purchases 83 Shares of The Boeing Company (NYSE:BA)

Northwest Bank & Trust Co raised its stake in shares of The Boeing Company (NYSE:BA) by 2.4% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,604 shares of the aircraft producer’s stock after buying an additional 83 shares during the quarter. Northwest Bank & Trust Co’s holdings in Boeing were worth $548,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in BA. Wellington Management Group LLP grew its holdings in shares of Boeing by 563.9% during the fourth quarter. Wellington Management Group LLP now owns 3,439,093 shares of the aircraft producer’s stock worth $896,434,000 after purchasing an additional 2,921,043 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Boeing by 23.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,823,006 shares of the aircraft producer’s stock worth $2,560,466,000 after buying an additional 1,884,850 shares during the period. Global Assets Advisory LLC purchased a new position in shares of Boeing in the first quarter worth about $272,312,000. Vanguard Group Inc. increased its holdings in shares of Boeing by 2.5% in the first quarter. Vanguard Group Inc. now owns 49,724,770 shares of the aircraft producer’s stock worth $9,596,383,000 after buying an additional 1,222,816 shares during the period. Finally, Van ECK Associates Corp increased its holdings in shares of Boeing by 9,626.0% in the second quarter. Van ECK Associates Corp now owns 1,026,092 shares of the aircraft producer’s stock worth $186,759,000 after buying an additional 1,015,542 shares during the period. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Jefferies Financial Group reduced their price target on Boeing from $270.00 to $240.00 and set a “buy” rating on the stock in a report on Monday, September 23rd. Sanford C. Bernstein reduced their price target on Boeing from $222.00 to $207.00 and set an “outperform” rating on the stock in a report on Monday, August 5th. The Goldman Sachs Group reduced their price target on Boeing from $232.00 to $202.00 and set a “buy” rating on the stock in a report on Tuesday, September 24th. TD Cowen reduced their price target on Boeing from $230.00 to $200.00 and set a “buy” rating on the stock in a report on Tuesday, October 1st. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on Boeing from $225.00 to $195.00 and set a “buy” rating on the stock in a report on Thursday, October 3rd. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Boeing presently has a consensus rating of “Moderate Buy” and a consensus price target of $206.00.

Boeing Stock Performance

Shares of BA traded down $1.16 during midday trading on Thursday, hitting $148.21. 4,472,894 shares of the company traded hands, compared to its average volume of 8,005,080. The firm has a 50 day moving average of $163.42 and a 200-day moving average of $174.42. The Boeing Company has a 52 week low of $147.42 and a 52 week high of $267.54. The stock has a market cap of $90.98 billion, a price-to-earnings ratio of -41.79 and a beta of 1.57.

Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, July 31st. The aircraft producer reported ($2.90) EPS for the quarter, missing the consensus estimate of ($1.00) by ($1.90). The business had revenue of $16.87 billion for the quarter, compared to analyst estimates of $17.35 billion. During the same period in the previous year, the business earned ($0.82) earnings per share. The firm’s revenue was down 14.6% on a year-over-year basis. Sell-side analysts predict that The Boeing Company will post -4.27 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.