FARMERS & MERCHANTS TRUST Co OF LONG BEACH Sells 1,469 Shares of The Boeing Company (NYSE:BA)

FARMERS & MERCHANTS TRUST Co OF LONG BEACH lessened its stake in The Boeing Company (NYSE:BA - Free Report) by 7.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 17,610 shares of the aircraft producer's stock after selling 1,469 shares during the quarter. Boeing makes up approximately 0.8% of FARMERS & MERCHANTS TRUST Co OF LONG BEACH's portfolio, making the stock its 28th biggest holding. FARMERS & MERCHANTS TRUST Co OF LONG BEACH's holdings in Boeing were worth $3,117,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Newport Trust Company LLC raised its position in shares of Boeing by 1.2% in the second quarter. Newport Trust Company LLC now owns 31,640,184 shares of the aircraft producer's stock valued at $5,758,830,000 after purchasing an additional 388,633 shares during the period. State Street Corp raised its holdings in Boeing by 2.3% during the 3rd quarter. State Street Corp now owns 27,778,195 shares of the aircraft producer's stock valued at $4,223,397,000 after acquiring an additional 636,594 shares during the period. Geode Capital Management LLC lifted its position in shares of Boeing by 2.8% during the third quarter. Geode Capital Management LLC now owns 11,719,794 shares of the aircraft producer's stock worth $1,774,705,000 after acquiring an additional 320,415 shares in the last quarter. Jennison Associates LLC boosted its holdings in shares of Boeing by 9.9% in the third quarter. Jennison Associates LLC now owns 6,700,706 shares of the aircraft producer's stock worth $1,018,775,000 after acquiring an additional 602,143 shares during the period. Finally, Fisher Asset Management LLC raised its stake in shares of Boeing by 6.0% during the 3rd quarter. Fisher Asset Management LLC now owns 4,866,857 shares of the aircraft producer's stock valued at $739,957,000 after purchasing an additional 277,350 shares during the period. 64.82% of the stock is owned by institutional investors.

Boeing Price Performance

Boeing stock traded up $2.21 during trading hours on Friday, reaching $171.14. The company had a trading volume of 9,537,359 shares, compared to its average volume of 9,471,018. The firm has a market cap of $105.80 billion, a price-to-earnings ratio of -13.27 and a beta of 1.52. The Boeing Company has a 12-month low of $137.03 and a 12-month high of $217.59. The company has a 50-day moving average price of $162.76 and a 200 day moving average price of $165.00.

Boeing (NYSE:BA - Get Free Report) last issued 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 for the quarter, compared to the consensus estimate 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 firm posted ($3.26) earnings per share. As a group, research analysts expect that The Boeing Company will post -16.43 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on BA. JPMorgan Chase & Co. cut their target price on Boeing from $195.00 to $190.00 and set an "overweight" rating for the company in a research note on Monday, November 25th. Wells Fargo & Company reduced their price target on shares of Boeing from $86.00 to $85.00 and set an "underweight" rating for the company in a research report on Monday, November 4th. Royal Bank of Canada restated an "outperform" rating and issued a $200.00 target price on shares of Boeing in a research note on Wednesday, October 30th. DZ Bank downgraded Boeing from a "buy" rating to a "hold" rating and set a $152.00 price target for the company. in a research report on Tuesday, October 15th. Finally, Susquehanna decreased their price objective on shares of Boeing from $210.00 to $200.00 and set a "positive" rating on the stock in a research report on Thursday, October 24th. Two 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 data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $192.21.

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.