The Boeing Company (NYSE:BA) Shares Acquired by Inspire Trust Co. N.A.

Inspire Trust Co. N.A. increased its position in shares of The Boeing Company (NYSE:BA) by 81.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,500 shares of the aircraft producer’s stock after buying an additional 4,700 shares during the period. Inspire Trust Co. N.A.’s holdings in Boeing were worth $1,596,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of BA. Lantz Financial LLC boosted its stake in shares of Boeing by 109.7% in the second quarter. Lantz Financial LLC now owns 2,695 shares of the aircraft producer’s stock worth $491,000 after acquiring an additional 1,410 shares during the last quarter. Diversified Trust Co lifted its stake in Boeing by 27.2% in the 2nd quarter. Diversified Trust Co now owns 2,672 shares of the aircraft producer’s stock worth $486,000 after purchasing an additional 572 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Boeing by 19.0% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 17,425 shares of the aircraft producer’s stock worth $3,172,000 after purchasing an additional 2,788 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its holdings in shares of Boeing by 1.4% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 5,153 shares of the aircraft producer’s stock valued at $959,000 after purchasing an additional 70 shares during the last quarter. Finally, Blue Trust Inc. lifted its position in Boeing by 6.8% during the second quarter. Blue Trust Inc. now owns 14,364 shares of the aircraft producer’s stock worth $2,772,000 after buying an additional 910 shares in the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BA has been the subject of several analyst reports. Jefferies Financial Group dropped their target price on Boeing from $270.00 to $240.00 and set a “buy” rating for the company in a report on Monday, September 23rd. The Goldman Sachs Group cut their price objective on shares of Boeing from $232.00 to $202.00 and set a “buy” rating for the company in a research report on Tuesday, September 24th. Sanford C. Bernstein lowered shares of Boeing from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $195.00 to $169.00 in a report on Wednesday, October 30th. UBS Group cut their price target on shares of Boeing from $215.00 to $195.00 and set a “buy” rating for the company in a report on Thursday, October 24th. Finally, Susquehanna decreased their price objective on Boeing from $210.00 to $200.00 and set a “positive” rating on the stock in a report on Thursday, October 24th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $190.11.

Boeing Price Performance

NYSE BA opened at $167.79 on Friday. The firm has a 50 day simple moving average of $152.49 and a 200-day simple moving average of $166.16. The Boeing Company has a one year low of $137.03 and a one year high of $267.54.

Boeing (NYSE:BA) last issued its quarterly 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 business had revenue of $17.84 billion for the quarter, compared to the consensus estimate of $17.81 billion. During the same period in the previous year, the company earned ($3.26) earnings per share. The firm’s revenue for the quarter was down 1.5% compared to the same quarter last year. Equities research analysts expect that The Boeing Company will post -16.18 earnings per share for the current year.

Boeing 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.