Pioneer Trust Bank N A OR Sells 200 Shares of The Boeing Company (NYSE:BA)

Pioneer Trust Bank N A OR cut its holdings in shares of The Boeing Company (NYSE:BA) by 7.4% during the fourth quarter, Holdings Channel reports. The fund owned 2,500 shares of the aircraft producer’s stock after selling 200 shares during the quarter. Pioneer Trust Bank N A OR’s holdings in Boeing were worth $652,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. CNB Bank boosted its position in shares of Boeing by 106.5% in the third quarter. CNB Bank now owns 128 shares of the aircraft producer’s stock valued at $25,000 after acquiring an additional 66 shares during the period. Evolution Advisers Inc. bought a new position in Boeing during the 4th quarter worth $28,000. DiNuzzo Private Wealth Inc. acquired a new position in Boeing in the 4th quarter valued at $28,000. Naples Money Management LLC bought a new position in Boeing in the 4th quarter valued at about $44,000. Finally, Blue Bell Private Wealth Management LLC raised its position in shares of Boeing by 66.2% in the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 236 shares of the aircraft producer’s stock valued at $45,000 after buying an additional 94 shares in the last quarter. 64.82% of the stock is owned by institutional investors.

Boeing Stock Performance

NYSE:BA traded up $0.90 during trading hours on Thursday, reaching $181.25. The stock had a trading volume of 5,085,426 shares, compared to its average volume of 9,503,862. The Boeing Company has a 12-month low of $159.70 and a 12-month high of $267.54. The stock has a 50 day simple moving average of $182.80 and a 200 day simple moving average of $206.14. The stock has a market cap of $111.27 billion, a P/E ratio of -51.07 and a beta of 1.54.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on BA shares. Susquehanna reduced their target price on Boeing from $265.00 to $230.00 and set a “positive” rating on the stock in a report on Thursday, March 21st. JPMorgan Chase & Co. lowered their price target on shares of Boeing from $230.00 to $210.00 and set an “overweight” rating for the company in a report on Friday, April 12th. Melius restated a “hold” rating on shares of Boeing in a research report on Monday, April 1st. TD Cowen cut their target price on shares of Boeing from $275.00 to $230.00 and set an “outperform” rating on the stock in a research report on Monday, March 25th. Finally, The Goldman Sachs Group cut their target price on Boeing from $268.00 to $257.00 and set a “buy” rating on the stock in a report on Monday, March 25th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $222.41.

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.