FIRST CITIZENS BANK & TRUST COMPANY SELLS 1419 SHARES OF BOEING CO. (NYSE:BA)

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Boeing Co. (NYSE:BA) that operates in four segments, namely, Boeing Capital; Commercial Airplanes; Defense, Space & Security; and Global Services; released its most recent reports about Form 13F filing with the SEC. In the third quarter of the year 2019, the First-Citizens Bank & Trust Co. decreased its stake of shares by 8.3%. The holdings of the First-Citizens Bank & Trust Co. were worth $5,988,000 in the quarter-end. They sold 1419 shares, out of which the fund owned 15,739 shares of the aircraft producer’s stock.

Reports claim that Boeing had a net margin of 5.42% and a negative return on equity of 632.24%. It was not just the First-Citizens Bank & Trust Co. that lowered its shares, but many other large investors restructured their holdings on the stock.
Boeing Co. currently has an average price target of $402.42. The company topped the Thomson Reuters consensus estimate of $1.85 by $1.07, as per the reports of the aircraft producer, $2.92 EPS for the quarter.

In comparison with the revenue of last year, it was reported to be fallen by 35.1%. During the last year in same quarter, the company posted $3.33 EPS.

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