7,297 Shares in The Boeing Company (NYSE:BA) Bought by Heritage Trust Co

Heritage Trust Co bought a new stake in shares of The Boeing Company (NYSE:BA - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 7,297 shares of the aircraft producer's stock, valued at approximately $1,292,000.

A number of other institutional investors and hedge funds also recently modified their holdings of BA. Vanguard Group Inc. grew its stake in shares of Boeing by 24.4% in the fourth quarter. Vanguard Group Inc. now owns 64,442,717 shares of the aircraft producer's stock worth $11,406,361,000 after purchasing an additional 12,641,715 shares in the last quarter. Geode Capital Management LLC raised its holdings in Boeing by 29.5% during the fourth quarter. Geode Capital Management LLC now owns 15,171,869 shares of the aircraft producer's stock valued at $2,677,170,000 after buying an additional 3,452,075 shares in the last quarter. Fisher Asset Management LLC boosted its position in Boeing by 3.4% during the fourth quarter. Fisher Asset Management LLC now owns 5,030,899 shares of the aircraft producer's stock worth $890,469,000 after purchasing an additional 164,042 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Boeing by 30.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,178,444 shares of the aircraft producer's stock worth $739,585,000 after acquiring an additional 981,796 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Boeing by 17.4% during the 4th quarter. Bank of New York Mellon Corp now owns 3,921,417 shares of the aircraft producer's stock valued at $694,091,000 after purchasing an additional 581,987 shares during the period. Institutional investors and hedge funds own 64.82% of the company's stock.

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Analyst Upgrades and Downgrades

Several research analysts have issued reports on BA shares. Melius Research set a $204.00 price objective on Boeing in a research note on Monday, March 24th. Citigroup raised their target price on shares of Boeing from $207.00 to $210.00 and gave the company a "buy" rating in a research note on Monday, February 10th. Melius upgraded Boeing from a "hold" rating to a "buy" rating in a research report on Monday, March 24th. Barclays upgraded shares of Boeing from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $190.00 to $210.00 in a research report on Monday, January 6th. Finally, JPMorgan Chase & Co. increased their price objective on Boeing from $190.00 to $200.00 and gave the company an "overweight" rating in a report on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $196.10.

Boeing Trading Up 1.5 %

NYSE BA traded up $2.41 during mid-day trading on Monday, hitting $159.25. The company's stock had a trading volume of 7,280,367 shares, compared to its average volume of 9,019,320. The company's 50 day simple moving average is $168.68 and its 200 day simple moving average is $164.00. The Boeing Company has a twelve month low of $128.88 and a twelve month high of $196.95. The firm has a market capitalization of $119.45 billion, a price-to-earnings ratio of -8.69 and a beta of 1.24.

Boeing (NYSE:BA - Get Free Report) last posted its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing analysts' consensus estimates of ($1.60) by ($4.30). During the same period last year, the company earned ($0.47) EPS. As a group, research analysts forecast that The Boeing Company will post -2.58 EPS for the current year.

Insider Activity

In related news, EVP Uma M. Amuluru sold 3,159 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $180.69, for a total transaction of $570,799.71. Following the completion of the sale, the executive vice president now owns 19,213 shares in the company, valued at approximately $3,471,596.97. This trade represents a 14.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.09% of the company's stock.

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.