CHICAGO TRUST Co NA Sells 475 Shares of The Boeing Company (NYSE:BA)

CHICAGO TRUST Co NA lessened its holdings in The Boeing Company (NYSE:BA) by 9.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,596 shares of the aircraft producer’s stock after selling 475 shares during the period. CHICAGO TRUST Co NA’s holdings in Boeing were worth $699,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Lazari Capital Management Inc. increased its position in shares of Boeing by 55.7% during the 2nd quarter. Lazari Capital Management Inc. now owns 23,216 shares of the aircraft producer’s stock valued at $4,226,000 after purchasing an additional 8,309 shares during the last quarter. Sanders Morris Harris LLC boosted its stake in Boeing by 869.1% during the first quarter. Sanders Morris Harris LLC now owns 22,775 shares of the aircraft producer’s stock worth $4,395,000 after buying an additional 20,425 shares during the period. Czech National Bank increased its position in Boeing by 8.4% during the third quarter. Czech National Bank now owns 119,243 shares of the aircraft producer’s stock valued at $18,130,000 after acquiring an additional 9,281 shares during the last quarter. Park Avenue Securities LLC raised its stake in shares of Boeing by 20.7% in the first quarter. Park Avenue Securities LLC now owns 10,543 shares of the aircraft producer’s stock valued at $2,035,000 after acquiring an additional 1,805 shares during the period. Finally, BSN CAPITAL PARTNERS Ltd bought a new stake in shares of Boeing in the 3rd quarter worth about $11,237,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on BA shares. Deutsche Bank Aktiengesellschaft cut their price target on shares of Boeing from $225.00 to $195.00 and set a “buy” rating on the stock in a report on Thursday, October 3rd. 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. TD Cowen decreased their price target on Boeing from $230.00 to $200.00 and set a “buy” rating for the company in a research note on Tuesday, October 1st. Stifel Nicolaus upped their price objective on Boeing from $230.00 to $235.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Finally, Jefferies Financial Group reduced their target price on Boeing from $270.00 to $240.00 and set a “buy” rating on the stock in a research note on Monday, September 23rd. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $206.00.

Boeing Stock Up 3.0 %

Boeing stock opened at $151.02 on Monday. The Boeing Company has a twelve month low of $146.26 and a twelve month high of $267.54. The business has a fifty day moving average of $162.41 and a two-hundred day moving average of $173.72. The firm has a market cap of $92.71 billion, a P/E ratio of -42.54 and a beta of 1.57.

Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.00) by ($1.90). The company had revenue of $16.87 billion during the quarter, compared to the consensus estimate of $17.35 billion. Boeing’s quarterly revenue was down 14.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.82) earnings per share. Equities analysts expect that The Boeing Company will post -5.35 earnings per share 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.