Raymond James Trust N.A. Has $3.43 Million Stake in The Boeing Company (NYSE:BA)

Raymond James Trust N.A. raised its holdings in The Boeing Company (NYSE:BA) by 2.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,586 shares of the aircraft producer’s stock after purchasing an additional 469 shares during the period. Raymond James Trust N.A.’s holdings in Boeing were worth $3,434,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in BA. Charles Schwab Investment Management Inc. raised its holdings in Boeing by 1.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,196,648 shares of the aircraft producer’s stock valued at $486,018,000 after acquiring an additional 48,637 shares in the last quarter. Pacer Advisors Inc. increased its position in shares of Boeing by 5.1% in the third quarter. Pacer Advisors Inc. now owns 43,398 shares of the aircraft producer’s stock worth $6,598,000 after purchasing an additional 2,111 shares during the period. Integrated Investment Consultants LLC raised its stake in Boeing by 4.3% in the third quarter. Integrated Investment Consultants LLC now owns 4,038 shares of the aircraft producer’s stock valued at $614,000 after purchasing an additional 168 shares in the last quarter. German American Bancorp Inc. lifted its position in Boeing by 7.0% during the third quarter. German American Bancorp Inc. now owns 23,877 shares of the aircraft producer’s stock worth $3,630,000 after purchasing an additional 1,565 shares during the period. Finally, Cornerstone Advisors LLC grew its stake in Boeing by 1.3% during the third quarter. Cornerstone Advisors LLC now owns 39,500 shares of the aircraft producer’s stock worth $6,006,000 after buying an additional 500 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on BA shares. Citigroup reduced their price target on shares of Boeing from $224.00 to $209.00 and set a “buy” rating on the stock in a research report on Tuesday, October 15th. Sanford C. Bernstein downgraded Boeing from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $195.00 to $169.00 in a report on Wednesday, October 30th. Wells Fargo & Company decreased their price target on Boeing from $86.00 to $85.00 and set an “underweight” rating on the stock in a research note on Monday, November 4th. TD Cowen dropped their price objective on Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Finally, The Goldman Sachs Group decreased their target price on Boeing from $232.00 to $202.00 and set a “buy” rating on the stock in a research report on Tuesday, September 24th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $190.37.

Boeing Trading Up 4.1 %

Shares of BA opened at $149.27 on Friday. The stock’s 50-day moving average price is $151.70 and its two-hundred day moving average price is $168.42. The Boeing Company has a 12 month low of $137.03 and a 12 month high of $267.54. The company has a market capitalization of $92.28 billion, a PE ratio of -11.57 and a beta of 1.57.

Boeing (NYSE:BA) last announced its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The company had revenue of $17.84 billion during the quarter, compared to analyst estimates of $17.81 billion. During the same quarter in the previous year, the firm earned ($3.26) EPS. Boeing’s revenue was down 1.5% compared to the same quarter last year. Equities research analysts predict that The Boeing Company will post -16.2 EPS 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.