The Boeing Company (NYSE:BA) Shares Purchased by Massmutual Trust Co. FSB ADV

Massmutual Trust Co. FSB ADV boosted its holdings in The Boeing Company (NYSE:BA – Get Rating) by 4.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,672 shares of the aircraft producer’s stock after acquiring an additional 120 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in Boeing were worth $509,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. CarsonAllaria Wealth Management Ltd. lifted its position in Boeing by 88.7% in the third quarter. CarsonAllaria Wealth Management Ltd. now owns 266 shares of the aircraft producer’s stock valued at $32,000 after purchasing an additional 125 shares during the period. Karp Capital Management Corp acquired a new position in shares of Boeing in the 3rd quarter valued at $33,000. Selway Asset Management acquired a new position in shares of Boeing in the 3rd quarter valued at $36,000. Ten Capital Wealth Advisors LLC boosted its holdings in shares of Boeing by 200.9% in the 3rd quarter. Ten Capital Wealth Advisors LLC now owns 325 shares of the aircraft producer’s stock valued at $39,000 after purchasing an additional 217 shares during the last quarter. Finally, Beaird Harris Wealth Management LLC boosted its holdings in shares of Boeing by 61.6% in the 3rd quarter. Beaird Harris Wealth Management LLC now owns 328 shares of the aircraft producer’s stock valued at $40,000 after purchasing an additional 125 shares during the last quarter. 57.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

BA has been the topic of a number of research analyst reports. Royal Bank of Canada set a $225.00 price target on shares of Boeing in a report on Tuesday, March 14th. Bank of America lifted their target price on shares of Boeing from $165.00 to $190.00 and gave the company a “neutral” rating in a report on Wednesday, December 7th. Susquehanna lifted their price target on shares of Boeing from $185.00 to $217.00 and gave the stock a “positive” rating in a research note on Wednesday, December 14th. JPMorgan Chase & Co. set a $225.00 price objective on shares of Boeing in a research report on Friday, February 24th. Finally, Northcoast Research assumed coverage on shares of Boeing in a research note on Thursday. They set a “neutral” rating for the company. Seven equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $225.13.

Boeing Stock Performance

Shares of BA opened at $201.05 on Friday. The Boeing Company has a 1-year low of $113.02 and a 1-year high of $221.33. The company’s fifty day simple moving average is $209.05 and its 200 day simple moving average is $178.03.

Boeing (NYSE:BA – Get Rating) last issued its earnings results on Wednesday, January 25th. The aircraft producer reported ($1.75) EPS for the quarter, missing the consensus estimate of $0.05 by ($1.80). The business had revenue of $19.98 billion during the quarter, compared to analysts’ expectations of $20.10 billion. During the same period last year, the firm posted ($7.69) earnings per share. The company’s quarterly revenue was up 35.1% on a year-over-year basis. Equities analysts forecast that The Boeing Company will post 0.74 earnings per share for the current fiscal year.

Boeing Profile

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The Boeing Co is an aerospace company, which engages in the manufacture of commercial jetliners and defense, space, and security systems. It operates through the following segments: Commercial Airplanes (BCA), Defense, Space and Security (BDS), Global Services (BGS), and Boeing Capital (BCC). The Commercial Airplanes segment includes the development, production, and market of commercial jet aircraft and provides fleet support services, principally to the commercial airline industry worldwide.