Cullen Frost Bankers Inc. Decreases Holdings in The Boeing Company (NYSE:BA)

Cullen Frost Bankers Inc. lowered its stake in shares of The Boeing Company (NYSE:BA) by 4.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,937 shares of the aircraft producer’s stock after selling 992 shares during the period. Cullen Frost Bankers Inc.’s holdings in Boeing were worth $5,718,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. CNB Bank grew its stake in 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 in the last quarter. Evolution Advisers Inc. purchased a new stake in shares of Boeing in the fourth quarter valued at approximately $28,000. DiNuzzo Private Wealth Inc. acquired a new stake in shares of Boeing in the fourth quarter valued at approximately $28,000. Naples Money Management LLC purchased a new position in Boeing during the fourth quarter worth approximately $44,000. Finally, Blue Bell Private Wealth Management LLC grew its holdings in Boeing by 66.2% in the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 236 shares of the aircraft producer’s stock valued at $45,000 after buying an additional 94 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on BA. TD Cowen reduced their target price on Boeing from $275.00 to $230.00 and set an “outperform” rating on the stock in a research report on Monday, March 25th. Stifel Nicolaus reduced their price objective on shares of Boeing from $270.00 to $260.00 and set a “buy” rating on the stock in a report on Wednesday, April 10th. Northcoast Research cut shares of Boeing from a “neutral” rating to a “sell” rating and set a $140.00 target price on the stock. in a research report on Wednesday, April 17th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Boeing from $240.00 to $225.00 and set a “buy” rating for the company in a research report on Thursday, April 25th. Finally, Barclays decreased their price objective on shares of Boeing from $235.00 to $190.00 and set an “equal weight” rating on the stock in a report on Monday, April 22nd. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, Boeing has a consensus rating of “Hold” and a consensus price target of $222.41.

Boeing Trading Up 2.1 %

Shares of NYSE BA opened at $180.35 on Thursday. The stock has a market cap of $110.71 billion, a P/E ratio of -50.80 and a beta of 1.54. The stock has a 50 day moving average of $182.80 and a two-hundred day moving average of $206.14. The Boeing Company has a twelve month low of $159.70 and a twelve month high of $267.54.

About Boeing

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.