WASHINGTON TRUST Co Sells 3,323 Shares of The Boeing Company (NYSE:BA)

WASHINGTON TRUST Co cut its stake in The Boeing Company (NYSE:BA) by 5.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 52,620 shares of the aircraft producer’s stock after selling 3,323 shares during the period. WASHINGTON TRUST Co’s holdings in Boeing were worth $9,314,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Sugar Maple Asset Management LLC purchased a new position in shares of Boeing in the 4th quarter valued at approximately $27,000. Fiduciary Advisors Inc. bought a new position in Boeing in the fourth quarter worth $28,000. RPg Family Wealth Advisory LLC purchased a new position in Boeing during the third quarter valued at $28,000. Heck Capital Advisors LLC bought a new stake in shares of Boeing during the 4th quarter valued at $33,000. Finally, Keystone Financial Group Inc. purchased a new stake in shares of Boeing in the 4th quarter worth about $34,000. 64.82% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on BA shares. Barclays raised shares of Boeing from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $190.00 to $210.00 in a research note on Monday, January 6th. UBS Group boosted their price target on Boeing from $208.00 to $217.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $200.00 price objective on shares of Boeing in a research report on Wednesday, January 29th. JPMorgan Chase & Co. boosted their target price on Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Finally, Citigroup raised their price target on Boeing from $207.00 to $210.00 and gave the company a “buy” rating in a report on Monday, February 10th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $195.16.

Boeing Trading Down 0.5 %

Shares of BA stock opened at $184.52 on Friday. The Boeing Company has a 12-month low of $137.03 and a 12-month high of $208.10. The stock has a market capitalization of $138.40 billion, a P/E ratio of -10.07 and a beta of 1.52. The firm’s 50 day moving average is $174.35 and its 200 day moving average is $164.25.

Boeing (NYSE:BA) last released its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same period in the previous year, the firm posted ($0.47) earnings per share. As a group, equities analysts predict that The Boeing Company will post -2.3 earnings per share for the current year.

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.