DORCHESTER WEALTH MANAGEMENT Co Trims Stock Holdings in The Boeing Company (NYSE:BA)

DORCHESTER WEALTH MANAGEMENT Co reduced its stake in The Boeing Company (NYSE:BA) by 47.5% during the 4th quarter, Holdings Channel reports. The fund owned 1,760 shares of the aircraft producer’s stock after selling 1,590 shares during the period. DORCHESTER WEALTH MANAGEMENT Co’s holdings in Boeing were worth $312,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in BA. Pavion Blue Capital LLC increased its stake in Boeing by 87.2% in the fourth quarter. Pavion Blue Capital LLC now owns 3,866 shares of the aircraft producer’s stock valued at $684,000 after purchasing an additional 1,801 shares during the last quarter. Howard Capital Management Inc. increased its stake in Boeing by 5.3% in the fourth quarter. Howard Capital Management Inc. now owns 3,576 shares of the aircraft producer’s stock valued at $633,000 after purchasing an additional 180 shares during the last quarter. TCW Group Inc. acquired a new position in Boeing in the fourth quarter valued at $2,833,000. Carl P. Sherr & Co. LLC acquired a new position in Boeing in the fourth quarter valued at $866,000. Finally, Peregrine Asset Advisers Inc. increased its stake in Boeing by 55.7% in the fourth quarter. Peregrine Asset Advisers Inc. now owns 2,235 shares of the aircraft producer’s stock valued at $396,000 after purchasing an additional 800 shares during the last quarter. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Sanford C. Bernstein lowered Boeing from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $195.00 to $169.00 in a research note on Wednesday, October 30th. Royal Bank of Canada restated an “outperform” rating and set a $200.00 price target on shares of Boeing in a research note on Wednesday, January 29th. JPMorgan Chase & Co. upped their price target on Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft upped their price target on Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, January 2nd. Finally, Northcoast Research upgraded Boeing from a “sell” rating to a “neutral” rating in a research note on Thursday, December 12th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $195.16.

Boeing Stock Down 2.0 %

BA stock opened at $177.34 on Friday. The Boeing Company has a 52-week low of $137.03 and a 52-week high of $208.10. The stock’s 50 day moving average is $176.74 and its two-hundred day moving average is $164.39. The company has a market capitalization of $133.01 billion, a PE ratio of -9.68 and a beta of 1.52.

Boeing (NYSE:BA) last posted its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same period in the prior year, the firm posted ($0.47) earnings per share. As a group, sell-side analysts anticipate that The Boeing Company will post -2.58 EPS for the current year.

Insiders Place Their Bets

In other Boeing 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.16% of the stock is owned by company insiders.

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.