Pettyjohn Wood & White Inc. Has $1.56 Million Stock Position in The Boeing Company (NYSE:BA)

Pettyjohn Wood & White Inc. cut its holdings in The Boeing Company (NYSE:BA) by 45.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 8,792 shares of the aircraft producer’s stock after selling 7,275 shares during the quarter. Pettyjohn Wood & White Inc.’s holdings in Boeing were worth $1,556,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BA. Diversify Advisory Services LLC boosted its position in Boeing by 1.7% during the 3rd quarter. Diversify Advisory Services LLC now owns 6,415 shares of the aircraft producer’s stock worth $1,026,000 after buying an additional 110 shares during the period. Valmark Advisers Inc. lifted its holdings in shares of Boeing by 4.9% during the third quarter. Valmark Advisers Inc. now owns 3,139 shares of the aircraft producer’s stock worth $477,000 after purchasing an additional 147 shares during the period. Mutual Advisors LLC grew its stake in shares of Boeing by 125.5% in the third quarter. Mutual Advisors LLC now owns 25,581 shares of the aircraft producer’s stock worth $3,970,000 after purchasing an additional 14,239 shares during the last quarter. Pinnacle Associates Ltd. increased its holdings in Boeing by 6.6% in the third quarter. Pinnacle Associates Ltd. now owns 62,278 shares of the aircraft producer’s stock valued at $9,469,000 after purchasing an additional 3,869 shares during the period. Finally, Diversify Wealth Management LLC raised its position in Boeing by 28.4% during the 3rd quarter. Diversify Wealth Management LLC now owns 5,889 shares of the aircraft producer’s stock worth $925,000 after purchasing an additional 1,301 shares during the last quarter. Institutional investors own 64.82% of the company’s stock.

Analyst Ratings Changes

BA has been the topic of a number of recent analyst reports. Susquehanna lifted their price objective on Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a research note 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. UBS Group boosted their target price on shares of Boeing from $208.00 to $217.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. Citigroup lifted their target price on Boeing from $207.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, February 10th. Finally, Wells Fargo & Company boosted their price target on shares of Boeing from $85.00 to $103.00 and gave the stock an “underweight” rating in a report on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $195.16.

Insider Activity at Boeing

In related news, EVP Uma M. Amuluru sold 3,159 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $180.69, for a total transaction of $570,799.71. Following the sale, the executive vice president now owns 19,213 shares of the company’s stock, valued at approximately $3,471,596.97. This represents a 14.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.16% of the stock is currently owned by corporate insiders.

Boeing Stock Up 0.4 %

BA opened at $173.65 on Friday. The company has a market capitalization of $130.25 billion, a price-to-earnings ratio of -9.48 and a beta of 1.52. The firm has a 50-day moving average price of $176.92 and a 200-day moving average price of $164.67. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $208.10.

Boeing (NYSE:BA) last issued its 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 quarter last year, the company earned ($0.47) EPS. On average, sell-side analysts expect that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Boeing 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.