The Boeing Company (NYSE:BA) Shares Sold by Advantage Trust Co

Advantage Trust Co cut its holdings in shares of The Boeing Company (NYSE:BA) by 21.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 640 shares of the aircraft producer’s stock after selling 175 shares during the quarter. Advantage Trust Co’s holdings in Boeing were worth $113,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of BA. Sierra Ocean LLC acquired a new stake in shares of Boeing in the 4th quarter valued at about $26,000. Sugar Maple Asset Management LLC acquired a new stake in shares of Boeing in the 4th quarter worth approximately $27,000. RPg Family Wealth Advisory LLC purchased a new position in Boeing during the 3rd quarter valued at about $28,000. Fiduciary Advisors Inc. acquired a new position in shares of Boeing in the fourth quarter worth $28,000. Finally, HighMark Wealth Management LLC lifted its holdings in Boeing by 121.6% in the 4th quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock valued at $29,000 after purchasing an additional 90 shares in the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on BA. JPMorgan Chase & Co. raised their target price on shares of Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Wells Fargo & Company boosted their target price on shares of Boeing from $85.00 to $103.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 29th. Royal Bank of Canada restated an “outperform” rating and set a $200.00 price objective on shares of Boeing in a report on Wednesday, January 29th. Susquehanna lifted their price target on Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a research note on Wednesday, January 29th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, January 2nd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Boeing currently has an average rating of “Moderate Buy” and a consensus target price of $195.16.

Boeing Trading Down 2.0 %

Shares of NYSE:BA opened at $177.34 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 cap of $133.01 billion, a P/E ratio of -9.68 and a beta of 1.52. The company has a 50 day moving average of $176.74 and a 200 day moving average of $164.39.

Boeing (NYSE:BA) last issued its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same period in the previous year, the company earned ($0.47) EPS. On average, equities analysts forecast that The Boeing Company will post -2.32 earnings per share for the current fiscal year.

Insider Buying and Selling at Boeing

In related news, EVP Uma M. Amuluru sold 3,159 shares of Boeing stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $180.69, for a total transaction of $570,799.71. Following the sale, the executive vice president now directly owns 19,213 shares in the company, valued at $3,471,596.97. The trade was a 14.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.16% of the company’s stock.

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.