Fulton Bank N.A. Grows Stake in The Boeing Company (NYSE:BA)

Fulton Bank N.A. raised its holdings in shares of The Boeing Company (NYSE:BA) by 14.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,282 shares of the aircraft producer’s stock after buying an additional 556 shares during the quarter. Fulton Bank N.A.’s holdings in Boeing were worth $651,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Kiely Wealth Advisory Group Inc. bought a new stake in shares of Boeing during the 2nd quarter worth $33,000. Vima LLC bought a new stake in Boeing during the fourth quarter worth about $34,000. Hobbs Group Advisors LLC purchased a new position in shares of Boeing in the 2nd quarter worth about $34,000. McClarren Financial Advisors Inc. increased its position in shares of Boeing by 451.4% during the 1st quarter. McClarren Financial Advisors Inc. now owns 193 shares of the aircraft producer’s stock valued at $37,000 after purchasing an additional 158 shares during the last quarter. Finally, Accent Capital Management LLC purchased a new position in shares of Boeing during the 4th quarter valued at about $39,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Stock Down 0.8 %

Shares of BA stock opened at $154.64 on Wednesday. The stock has a market cap of $94.93 billion, a price-to-earnings ratio of -43.56 and a beta of 1.57. The business’s fifty day moving average is $164.89 and its 200 day moving average is $174.83. 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 results on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.00) by ($1.90). The company had revenue of $16.87 billion for the quarter, compared to the consensus estimate of $17.35 billion. During the same period last year, the firm posted ($0.82) EPS. Boeing’s quarterly revenue was down 14.6% compared to the same quarter last year. Equities research analysts expect that The Boeing Company will post -4.27 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

BA has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Boeing from $225.00 to $195.00 and set a “buy” rating on the stock in a research report on Thursday, October 3rd. TD Cowen reduced their target price on shares of Boeing from $230.00 to $200.00 and set a “buy” rating on the stock in a report on Tuesday, October 1st. The Goldman Sachs Group lowered their price target on shares of Boeing from $232.00 to $202.00 and set a “buy” rating for the company in a research note on Tuesday, September 24th. Stifel Nicolaus raised their price objective on Boeing from $230.00 to $235.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Finally, Wells Fargo & Company lowered their target price on Boeing from $119.00 to $110.00 and set an “underweight” rating for the company in a research note on Tuesday, October 1st. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $206.00.

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.