First Western Trust Bank Has $225,000 Stock Position in The Boeing Company (NYSE:BA)

First Western Trust Bank lowered its position in shares of The Boeing Company (NYSE:BA) by 29.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 863 shares of the aircraft producer’s stock after selling 353 shares during the quarter. First Western Trust Bank’s holdings in Boeing were worth $225,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Strategic Blueprint LLC raised its stake in Boeing by 8.7% in the fourth quarter. Strategic Blueprint LLC now owns 3,295 shares of the aircraft producer’s stock valued at $859,000 after purchasing an additional 264 shares in the last quarter. U.S. Capital Wealth Advisors LLC raised its stake in Boeing by 41.5% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 15,761 shares of the aircraft producer’s stock valued at $4,108,000 after purchasing an additional 4,622 shares in the last quarter. Orca Investment Management LLC raised its stake in Boeing by 5.5% in the fourth quarter. Orca Investment Management LLC now owns 3,772 shares of the aircraft producer’s stock valued at $983,000 after purchasing an additional 195 shares in the last quarter. One Charles Private Wealth Services LLC acquired a new position in Boeing in the fourth quarter valued at about $205,000. Finally, Morse Asset Management Inc raised its stake in Boeing by 65.0% in the third quarter. Morse Asset Management Inc now owns 7,999 shares of the aircraft producer’s stock valued at $1,533,000 after purchasing an additional 3,152 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Trading Up 0.5 %

Shares of BA traded up $0.94 during trading hours on Thursday, reaching $181.29. The stock had a trading volume of 5,094,057 shares, compared to its average volume of 9,504,012. The Boeing Company has a 12 month low of $159.70 and a 12 month high of $267.54. The firm has a 50-day simple moving average of $182.26 and a 200 day simple moving average of $205.96. The company has a market capitalization of $111.29 billion, a price-to-earnings ratio of -51.06 and a beta of 1.54.

Analyst Upgrades and Downgrades

BA has been the subject of a number of research reports. UBS Group dropped their target price on shares of Boeing from $275.00 to $250.00 and set a “buy” rating for the company in a report on Thursday, March 21st. Royal Bank of Canada lowered their price objective on Boeing from $225.00 to $215.00 and set an “outperform” rating for the company in a research note on Tuesday, April 16th. Melius Research reaffirmed a “hold” rating on shares of Boeing in a research note on Monday, April 1st. Stifel Nicolaus lowered their price objective on Boeing from $270.00 to $260.00 and set a “buy” rating for the company in a research note on Wednesday, April 10th. Finally, Argus downgraded shares of Boeing from a “buy” rating to a “hold” rating in a research report on Tuesday, April 30th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Boeing has a consensus rating of “Hold” and an average target price of $222.41.

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.