Cambridge Trust Co. Has $1.99 Million Position in The Boeing Company (NYSE:BA)

Cambridge Trust Co. lessened its holdings in The Boeing Company (NYSE:BA) by 2.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,615 shares of the aircraft producer’s stock after selling 170 shares during the period. Cambridge Trust Co.’s holdings in Boeing were worth $1,985,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Trust Co. of Vermont boosted its holdings in shares of Boeing by 1.0% in the third quarter. Trust Co. of Vermont now owns 4,389 shares of the aircraft producer’s stock valued at $841,000 after buying an additional 45 shares during the period. Benchmark Financial Wealth Advisors LLC boosted its stake in Boeing by 2.7% in the 4th quarter. Benchmark Financial Wealth Advisors LLC now owns 1,785 shares of the aircraft producer’s stock worth $465,000 after purchasing an additional 47 shares during the period. Waverly Advisors LLC boosted its stake in Boeing by 0.6% in the 4th quarter. Waverly Advisors LLC now owns 8,015 shares of the aircraft producer’s stock worth $1,527,000 after purchasing an additional 49 shares during the period. WealthPlan Investment Management LLC increased its holdings in Boeing by 1.0% during the 4th quarter. WealthPlan Investment Management LLC now owns 4,716 shares of the aircraft producer’s stock worth $1,229,000 after purchasing an additional 49 shares in the last quarter. Finally, RB Capital Management LLC raised its stake in shares of Boeing by 2.7% in the 3rd quarter. RB Capital Management LLC now owns 1,893 shares of the aircraft producer’s stock valued at $363,000 after purchasing an additional 50 shares during the period. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Stock Performance

Shares of BA stock opened at $170.21 on Friday. The company has a market capitalization of $103.85 billion, a price-to-earnings ratio of -46.26, a PEG ratio of 116.16 and a beta of 1.52. The Boeing Company has a 52 week low of $167.53 and a 52 week high of $267.54. The company has a 50-day simple moving average of $191.08 and a 200 day simple moving average of $207.28.

Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.72) by $0.25. The firm had revenue of $22.02 billion for the quarter, compared to the consensus estimate of $21.14 billion. The company’s revenue was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($1.75) EPS. Sell-side analysts forecast that The Boeing Company will post 0.37 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on BA. Sanford C. Bernstein decreased their price objective on Boeing from $272.00 to $240.00 and set an “outperform” rating for the company in a report on Monday, April 8th. Melius reaffirmed a “hold” rating on shares of Boeing in a research note on Monday, April 1st. JPMorgan Chase & Co. cut their price objective on shares of Boeing from $230.00 to $210.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. Edward Jones cut shares of Boeing from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Finally, Melius Research reiterated a “hold” rating on shares of Boeing in a research note on Monday, April 1st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, Boeing currently has a consensus rating of “Moderate Buy” and a consensus price target of $229.35.

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.