Argent Trust Co Boosts Stock Position in The Boeing Company (NYSE:BA)

Argent Trust Co grew its stake in shares of The Boeing Company (NYSE:BA - Free Report) by 10.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,119 shares of the aircraft producer's stock after purchasing an additional 1,926 shares during the period. Argent Trust Co's holdings in Boeing were worth $3,561,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Sierra Ocean LLC bought a new position in Boeing in the 4th quarter worth about $26,000. Sugar Maple Asset Management LLC bought a new position in Boeing during the fourth quarter valued at approximately $27,000. Fiduciary Advisors Inc. bought a new stake in shares of Boeing in the fourth quarter worth $28,000. HighMark Wealth Management LLC increased its holdings in Boeing by 121.6% during the fourth quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer's stock valued at $29,000 after buying an additional 90 shares during the last quarter. Finally, Anfield Capital Management LLC lifted its holdings in Boeing by 113.1% during the fourth quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer's stock valued at $32,000 after purchasing an additional 95 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company's stock.

Insider Buying and Selling at Boeing

In other news, EVP Uma M. Amuluru sold 3,159 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $180.69, for a total value of $570,799.71. Following the completion of the sale, the executive vice president now owns 19,213 shares of the company's stock, valued at $3,471,596.97. This represents a 14.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.09% of the stock is owned by company insiders.

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Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on BA shares. Wells Fargo & Company cut their price target on Boeing from $113.00 to $111.00 and set an "underweight" rating for the company in a report on Tuesday. Citigroup lifted their price objective on shares of Boeing from $207.00 to $210.00 and gave the company a "buy" rating in a report on Monday, February 10th. Melius Research set a $204.00 price objective on shares of Boeing in a research note on Monday, March 24th. Melius raised shares of Boeing from a "hold" rating to a "buy" rating in a research report on Monday, March 24th. Finally, UBS Group boosted their target price on Boeing from $208.00 to $217.00 and gave the stock a "buy" rating in a research note on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $196.00.

Boeing Trading Down 1.0 %

BA traded down $1.53 during midday trading on Tuesday, hitting $157.75. The company's stock had a trading volume of 7,503,612 shares, compared to its average volume of 9,013,710. The firm has a market cap of $118.32 billion, a P/E ratio of -8.61 and a beta of 1.24. The Boeing Company has a 52-week low of $128.88 and a 52-week high of $196.95. The firm has a 50-day moving average price of $168.23 and a two-hundred day moving average price of $164.02.

Boeing (NYSE:BA - Get Free Report) last posted its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing analysts' consensus estimates of ($1.60) by ($4.30). During the same period in the prior year, the firm earned ($0.47) EPS. On average, equities analysts expect that The Boeing Company will post -2.58 EPS 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.