Perkins Coie Trust Co Has $7.04 Million Stock Holdings in The Boeing Company (NYSE:BA)

Perkins Coie Trust Co reduced its holdings in The Boeing Company (NYSE:BA) by 1.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 46,312 shares of the aircraft producer’s stock after selling 593 shares during the quarter. Boeing makes up about 1.6% of Perkins Coie Trust Co’s portfolio, making the stock its 13th largest holding. Perkins Coie Trust Co’s holdings in Boeing were worth $7,041,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of BA. Lazari Capital Management Inc. lifted its position in shares of Boeing by 55.7% in the 2nd quarter. Lazari Capital Management Inc. now owns 23,216 shares of the aircraft producer’s stock worth $4,226,000 after purchasing an additional 8,309 shares during the period. Sanders Morris Harris LLC boosted its position in Boeing by 869.1% during the first quarter. Sanders Morris Harris LLC now owns 22,775 shares of the aircraft producer’s stock valued at $4,395,000 after acquiring an additional 20,425 shares during the last quarter. Czech National Bank grew its holdings in Boeing by 8.4% during the 3rd quarter. Czech National Bank now owns 119,243 shares of the aircraft producer’s stock worth $18,130,000 after acquiring an additional 9,281 shares during the period. Park Avenue Securities LLC raised its position in shares of Boeing by 20.7% in the 1st quarter. Park Avenue Securities LLC now owns 10,543 shares of the aircraft producer’s stock worth $2,035,000 after acquiring an additional 1,805 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new stake in shares of Boeing during the 2nd quarter valued at about $21,405,000. Institutional investors own 64.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on BA shares. Wells Fargo & Company cut their price target on Boeing from $119.00 to $110.00 and set an “underweight” rating on the stock in a report on Tuesday, October 1st. Jefferies Financial Group cut their target price on shares of Boeing from $270.00 to $240.00 and set a “buy” rating on the stock in a research note on Monday, September 23rd. Susquehanna reiterated a “positive” rating and set a $230.00 price objective on shares of Boeing in a report on Wednesday, August 14th. Sanford C. Bernstein cut their price objective on shares of Boeing from $222.00 to $207.00 and set an “outperform” rating on the stock in a research report on Monday, August 5th. Finally, Bank of America boosted their target price on Boeing from $180.00 to $200.00 and gave the company a “neutral” rating in a research report on Thursday, June 13th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Boeing has a consensus rating of “Moderate Buy” and an average price target of $206.00.

Boeing Trading Down 2.4 %

Shares of Boeing stock traded down $3.65 during trading on Wednesday, hitting $151.00. The stock had a trading volume of 1,507,417 shares, compared to its average volume of 7,966,881. The firm has a market cap of $92.70 billion, a price-to-earnings ratio of -43.56 and a beta of 1.57. The Boeing Company has a 12 month low of $148.80 and a 12 month high of $267.54. The business’s 50-day moving average is $164.24 and its 200 day moving average is $174.59.

Boeing (NYSE:BA) last announced its earnings results 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 business had revenue of $16.87 billion during the quarter, compared to analyst estimates of $17.35 billion. During the same quarter in the prior year, the company earned ($0.82) EPS. The firm’s revenue was down 14.6% on a year-over-year basis. As a group, equities analysts expect that The Boeing Company will post -4.27 EPS for the current 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.