First Interstate Bank Sells 287 Shares of The Boeing Company (NYSE:BA)

First Interstate Bank cut its position in The Boeing Company (NYSE:BA) by 10.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 2,545 shares of the aircraft producer’s stock after selling 287 shares during the period. First Interstate Bank’s holdings in Boeing were worth $663,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in BA. CNB Bank lifted its position in shares of Boeing by 106.5% during the 3rd quarter. CNB Bank now owns 128 shares of the aircraft producer’s stock valued at $25,000 after acquiring an additional 66 shares during the period. True Wealth Design LLC bought a new stake in shares of Boeing during the 4th quarter valued at $33,000. Park Place Capital Corp lifted its position in shares of Boeing by 185.1% during the 3rd quarter. Park Place Capital Corp now owns 211 shares of the aircraft producer’s stock valued at $40,000 after acquiring an additional 137 shares during the period. Industrial Alliance Investment Management Inc. bought a new stake in shares of Boeing during the 4th quarter valued at $41,000. Finally, Fortis Capital Advisors LLC lifted its position in shares of Boeing by 100.0% during the 1st quarter. Fortis Capital Advisors LLC now owns 200 shares of the aircraft producer’s stock valued at $42,000 after acquiring an additional 100 shares during the period. 64.82% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

BA has been the subject of a number of recent analyst reports. Sanford C. Bernstein cut their target price on Boeing from $272.00 to $240.00 and set an “outperform” rating for the company in a research report on Monday, April 8th. Morgan Stanley lowered their price target on Boeing from $235.00 to $180.00 and set an “equal weight” rating for the company in a report on Wednesday, April 10th. The Goldman Sachs Group lowered their price target on Boeing from $268.00 to $257.00 and set a “buy” rating for the company in a report on Monday, March 25th. Edward Jones cut Boeing from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Finally, Melius reissued a “hold” rating on shares of Boeing in a report on Monday, April 1st. Nine analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Boeing has a consensus rating of “Moderate Buy” and an average price target of $233.88.

Boeing Price Performance

Shares of Boeing stock traded up $2.73 on Tuesday, hitting $170.55. 7,976,912 shares of the company’s stock traded hands, compared to its average volume of 9,853,187. The Boeing Company has a one year low of $167.53 and a one year high of $267.54. The company has a fifty day moving average of $193.45 and a two-hundred day moving average of $207.95. The company has a market capitalization of $104.06 billion, a price-to-earnings ratio of -46.03, a price-to-earnings-growth ratio of 115.71 and a beta of 1.52.

Boeing (NYSE:BA) last announced its earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) EPS for the quarter, beating the consensus estimate of ($0.72) by $0.25. The business had revenue of $22.02 billion for the quarter, compared to the consensus estimate of $21.14 billion. During the same quarter in the previous year, the company earned ($1.75) EPS. The firm’s revenue for the quarter was up 10.2% on a year-over-year basis. Equities research analysts anticipate that The Boeing Company will post 0.37 earnings per share 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.