Peoples Financial Services CORP. Lowers Stock Holdings in The Boeing Company (NYSE:BA)

Peoples Financial Services CORP. trimmed its stake in The Boeing Company (NYSE:BA) by 3.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,566 shares of the aircraft producer’s stock after selling 327 shares during the period. Peoples Financial Services CORP.’s holdings in Boeing were worth $1,516,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. RPg Family Wealth Advisory LLC purchased a new stake in Boeing during the third quarter valued at approximately $28,000. Cedar Wealth Management LLC acquired a new position in shares of Boeing during the third quarter worth $30,000. Kiely Wealth Advisory Group Inc. acquired a new stake in Boeing in the 2nd quarter worth approximately $33,000. Planning Capital Management Corp increased its holdings in shares of Boeing by 741.0% in the third quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer’s stock valued at $50,000 after purchasing an additional 289 shares during the period. Finally, Truvestments Capital LLC acquired a new position in shares of Boeing during the 3rd quarter worth approximately $58,000. Institutional investors own 64.82% of the company’s stock.

Boeing Trading Down 2.0 %

Shares of BA opened at $167.17 on Wednesday. The stock has a 50 day moving average of $162.02 and a 200-day moving average of $164.97. The Boeing Company has a 52 week low of $137.03 and a 52 week high of $217.59. The firm has a market cap of $103.34 billion, a price-to-earnings ratio of -12.96 and a beta of 1.52.

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

Analyst Ratings Changes

Several research firms have issued reports on BA. Wells Fargo & Company cut their target price on 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 issued a $250.00 price objective on shares of Boeing in a research report on Thursday, October 24th. DZ Bank lowered shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 price objective on the stock. in a research report on Tuesday, October 15th. Robert W. Baird cut their price objective on shares of Boeing from $240.00 to $200.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Finally, Northcoast Research raised shares of Boeing from a “sell” rating to a “neutral” rating in a research note on Thursday, December 12th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $192.21.

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.