Arlington Trust Co LLC Has $110,000 Holdings in The Boeing Company (NYSE:BA)

Arlington Trust Co LLC decreased its position in The Boeing Company (NYSE:BA) by 39.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 724 shares of the aircraft producer’s stock after selling 476 shares during the period. Arlington Trust Co LLC’s holdings in Boeing were worth $110,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BA. Kiely Wealth Advisory Group Inc. bought a new stake in shares of Boeing during the second quarter valued at approximately $33,000. Hobbs Group Advisors LLC bought a new position in shares of Boeing in the second quarter worth approximately $34,000. McClarren Financial Advisors Inc. grew its stake in Boeing by 451.4% during the first quarter. McClarren Financial Advisors Inc. now owns 193 shares of the aircraft producer’s stock valued at $37,000 after acquiring an additional 158 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its holdings in shares of Boeing by 351.1% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 212 shares of the aircraft producer’s stock worth $39,000 after purchasing an additional 165 shares during the last quarter. Finally, 1620 Investment Advisors Inc. purchased a new position in shares of Boeing in the second quarter valued at $39,000. 64.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on BA shares. Citigroup decreased their price objective on Boeing from $224.00 to $209.00 and set a “buy” rating on the stock in a research report on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Boeing from $225.00 to $195.00 and set a “buy” rating on the stock in a report on Thursday, October 3rd. Morgan Stanley decreased their target price on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a research report on Thursday, October 24th. Sanford C. Bernstein downgraded shares of Boeing from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $195.00 to $169.00 in a report on Wednesday. Finally, Benchmark restated a “buy” rating and issued a $250.00 price objective on shares of Boeing in a research note on Thursday, October 24th. Three analysts have rated the stock with a sell rating, nine have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Boeing presently has an average rating of “Hold” and an average price target of $190.42.

Boeing Price Performance

Shares of BA stock traded up $5.28 during trading on Friday, reaching $154.59. The company’s stock had a trading volume of 18,894,509 shares, compared to its average volume of 8,816,144. The company has a market capitalization of $95.57 billion, a price-to-earnings ratio of -11.98 and a beta of 1.57. The Boeing Company has a 1-year low of $146.02 and a 1-year high of $267.54. The stock’s 50-day moving average price is $157.46 and its 200 day moving average price is $171.00.

Boeing (NYSE:BA) last issued its quarterly earnings results 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 business had revenue of $17.84 billion during the quarter, compared to the consensus estimate of $17.81 billion. Boeing’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 anticipate that The Boeing Company will post -16.22 EPS for the current fiscal 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.