Massmutual Trust Co. FSB ADV Has $411,000 Holdings in The Boeing Company (NYSE:BA)

Massmutual Trust Co. FSB ADV cut its holdings in The Boeing Company (NYSE:BA) by 3.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,702 shares of the aircraft producer’s stock after selling 87 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in Boeing were worth $411,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Chicago Partners Investment Group LLC lifted its stake in shares of Boeing by 0.4% in the 4th quarter. Chicago Partners Investment Group LLC now owns 14,941 shares of the aircraft producer’s stock valued at $3,895,000 after acquiring an additional 56 shares during the last quarter. Madison Park Capital Advisors LLC lifted its stake in shares of Boeing by 4.9% in the 2nd quarter. Madison Park Capital Advisors LLC now owns 1,204 shares of the aircraft producer’s stock valued at $219,000 after acquiring an additional 56 shares during the last quarter. Bridge Creek Capital Management LLC lifted its stake in shares of Boeing by 3.1% in the 1st quarter. Bridge Creek Capital Management LLC now owns 1,983 shares of the aircraft producer’s stock valued at $383,000 after acquiring an additional 60 shares during the last quarter. Wealth Alliance Advisory Group LLC lifted its stake in shares of Boeing by 1.6% in the 2nd quarter. Wealth Alliance Advisory Group LLC now owns 3,798 shares of the aircraft producer’s stock valued at $691,000 after acquiring an additional 60 shares during the last quarter. Finally, Angeles Wealth Management LLC lifted its stake in shares of Boeing by 4.2% in the 1st quarter. Angeles Wealth Management LLC now owns 1,524 shares of the aircraft producer’s stock valued at $294,000 after acquiring an additional 61 shares during the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have commented on BA. TD Cowen lowered their price target on Boeing from $230.00 to $200.00 and set a “buy” rating for the company in a research report on Tuesday. Stifel Nicolaus upped their price target on Boeing from $230.00 to $235.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Susquehanna reaffirmed a “positive” rating and set a $230.00 price target on shares of Boeing in a research report on Wednesday, August 14th. Wells Fargo & Company lowered their price target on Boeing from $119.00 to $110.00 and set an “underweight” rating for the company in a research report on Tuesday. Finally, Sanford C. Bernstein lowered their price target on Boeing from $222.00 to $207.00 and set an “outperform” rating for the company in a research report on Monday, August 5th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Boeing currently has an average rating of “Moderate Buy” and a consensus price target of $206.00.

Boeing Stock Up 2.9 %

Shares of Boeing stock opened at $154.88 on Friday. The firm has a market cap of $95.08 billion, a price-to-earnings ratio of -43.63 and a beta of 1.57. The business has a 50-day moving average price of $165.48 and a 200-day moving average price of $175.19. The Boeing Company has a twelve month low of $149.49 and a twelve month high of $267.54.

Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.00) by ($1.90). The firm had revenue of $16.87 billion during the quarter, compared to analysts’ expectations of $17.35 billion. The firm’s quarterly revenue was down 14.6% on a year-over-year basis. During the same period last year, the firm posted ($0.82) EPS. On average, equities analysts expect that The Boeing Company will post -4.27 EPS for the current fiscal year.

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.