Jacobs & Co. CA Sells 480 Shares of The Boeing Company (NYSE:BA)

Jacobs & Co. CA lessened its position in shares of The Boeing Company (NYSE:BA) by 0.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 56,733 shares of the aircraft producer’s stock after selling 480 shares during the period. Boeing comprises 1.7% of Jacobs & Co. CA’s holdings, making the stock its 11th largest position. Jacobs & Co. CA’s holdings in Boeing were worth $14,788,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in BA. Vanguard Group Inc. lifted its stake in Boeing by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 47,609,508 shares of the aircraft producer’s stock valued at $9,125,790,000 after purchasing an additional 356,496 shares during the last quarter. BlackRock Inc. lifted its stake in Boeing by 2.4% in the 2nd quarter. BlackRock Inc. now owns 36,819,108 shares of the aircraft producer’s stock valued at $7,774,723,000 after purchasing an additional 868,582 shares during the last quarter. State Street Corp lifted its stake in Boeing by 1.5% in the 2nd quarter. State Street Corp now owns 26,416,857 shares of the aircraft producer’s stock valued at $5,578,184,000 after purchasing an additional 392,811 shares during the last quarter. Moneta Group Investment Advisors LLC lifted its stake in Boeing by 109,667.8% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 16,055,730 shares of the aircraft producer’s stock valued at $3,058,456,000 after purchasing an additional 16,041,103 shares during the last quarter. Finally, Morgan Stanley boosted its holdings in shares of Boeing by 1.1% during the third quarter. Morgan Stanley now owns 8,362,267 shares of the aircraft producer’s stock worth $1,602,880,000 after acquiring an additional 91,801 shares during the period. Institutional investors own 64.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on BA shares. JPMorgan Chase & Co. lowered their target price on Boeing from $270.00 to $230.00 and set an “overweight” rating on the stock in a research note on Monday. Stifel Nicolaus reiterated a “buy” rating and set a $270.00 target price on shares of Boeing in a research note on Monday. Bank of America lowered their target price on Boeing from $225.00 to $210.00 and set a “neutral” rating on the stock in a research note on Thursday, March 21st. Royal Bank of Canada lowered their target price on Boeing from $285.00 to $260.00 and set an “outperform” rating on the stock in a research note on Thursday, February 1st. Finally, UBS Group lowered their target price on Boeing from $275.00 to $250.00 and set a “buy” rating on the stock in a research note on Thursday, March 21st. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $242.65.

Boeing Price Performance

BA stock opened at $191.96 on Thursday. The stock has a 50-day moving average price of $200.81 and a 200-day moving average price of $209.96. The Boeing Company has a 1-year low of $176.25 and a 1-year high of $267.54.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) EPS for the quarter, beating analysts’ consensus estimates of ($0.72) by $0.25. The firm had revenue of $22.02 billion during the quarter, compared to the consensus estimate of $21.14 billion. During the same period in the previous year, the firm earned ($1.75) earnings per share. The business’s quarterly revenue was up 10.2% on a year-over-year basis. As a group, equities research analysts forecast that The Boeing Company will post 1.55 earnings per share for the current year.

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.