Enterprise Bank & Trust Co Sells 1,212 Shares of The Boeing Company (NYSE:BA)

Enterprise Bank & Trust Co reduced its position in shares of The Boeing Company (NYSE:BA) by 30.2% during the fourth quarter, Holdings Channel reports. The firm owned 2,802 shares of the aircraft producer’s stock after selling 1,212 shares during the period. Enterprise Bank & Trust Co’s holdings in Boeing were worth $496,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. American Century Companies Inc. increased its holdings in Boeing by 20.8% during the second quarter. American Century Companies Inc. now owns 44,992 shares of the aircraft producer’s stock worth $8,189,000 after buying an additional 7,739 shares during the last quarter. Meeder Asset Management Inc. increased its holdings in Boeing by 325.4% during the second quarter. Meeder Asset Management Inc. now owns 302 shares of the aircraft producer’s stock worth $55,000 after buying an additional 231 shares during the last quarter. Zions Bancorporation N.A. increased its holdings in Boeing by 87.0% during the second quarter. Zions Bancorporation N.A. now owns 836 shares of the aircraft producer’s stock worth $152,000 after buying an additional 389 shares during the last quarter. Westover Capital Advisors LLC purchased a new stake in Boeing during the second quarter worth about $348,000. Finally, Thoroughbred Financial Services LLC increased its holdings in Boeing by 5.1% during the second quarter. Thoroughbred Financial Services LLC now owns 10,803 shares of the aircraft producer’s stock worth $1,966,000 after buying an additional 520 shares during the last quarter. 64.82% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on BA. UBS Group decreased their price objective on shares of Boeing from $215.00 to $195.00 and set a “buy” rating for the company in a report on Thursday, October 24th. Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 target price on shares of Boeing in a research note on Wednesday, October 30th. Wells Fargo & Company reduced their price objective on shares of Boeing from $86.00 to $85.00 and set an “underweight” rating for the company in a research note on Monday, November 4th. Benchmark reiterated a “buy” rating and set a $250.00 target price on shares of Boeing in a research report on Thursday, October 24th. Finally, Northcoast Research upgraded shares of Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Boeing currently has an average rating of “Moderate Buy” and an average target price of $192.21.

Boeing Price Performance

Boeing stock traded down $2.20 during mid-day trading on Monday, reaching $169.80. 4,055,104 shares of the company traded hands, compared to its average volume of 8,246,402. The firm’s 50 day moving average price is $161.39 and its 200 day moving average price is $165.16. The firm has a market capitalization of $104.97 billion, a price-to-earnings ratio of -13.16 and a beta of 1.52. The Boeing Company has a 52-week low of $137.03 and a 52-week high of $217.59.

Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The business had revenue of $17.84 billion for the quarter, compared to analyst estimates of $17.81 billion. The company’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($3.26) earnings per share. On average, sell-side analysts anticipate that The Boeing Company will post -16.18 EPS for the current year.

Boeing Company Profile

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.