DORCHESTER WEALTH MANAGEMENT Co Sells 1,590 Shares of The Boeing Company (NYSE:BA)

DORCHESTER WEALTH MANAGEMENT Co decreased its holdings in The Boeing Company (NYSE:BA - Free Report) by 47.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor 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 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in BA. Sierra Ocean LLC purchased a new stake in shares of Boeing in the 4th quarter valued at $26,000. Sugar Maple Asset Management LLC purchased a new stake in shares of Boeing in the 4th quarter valued at $27,000. RPg Family Wealth Advisory LLC purchased a new stake in shares of Boeing in the 3rd quarter valued at $28,000. Fiduciary Advisors Inc. purchased a new stake in shares of Boeing in the 4th quarter valued at $28,000. Finally, HighMark Wealth Management LLC boosted its stake in shares of 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. Hedge funds and other institutional investors own 64.82% of the company's stock.

Insider Buying and Selling

In related news, EVP Uma M. Amuluru sold 3,159 shares of the firm'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 value of $570,799.71. Following the transaction, the executive vice president now owns 19,213 shares of the company's stock, valued at approximately $3,471,596.97. This trade represents a 14.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.16% of the stock is currently owned by insiders.

Analysts Set New Price Targets

BA has been the subject of a number of research reports. UBS Group upped their price objective on shares of Boeing from $208.00 to $217.00 and gave the company a "buy" rating in a research note on Wednesday, January 29th. Sanford C. Bernstein lowered shares of Boeing from an "outperform" rating to a "market perform" rating and lowered their price target for the company from $195.00 to $169.00 in a report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Boeing from $184.00 to $215.00 and gave the company a "buy" rating in a report on Thursday, January 2nd. Royal Bank of Canada reiterated an "outperform" rating and set a $200.00 price target on shares of Boeing in a report on Wednesday, January 29th. Finally, Northcoast Research upgraded shares of Boeing from a "sell" rating to a "neutral" rating in a report on Thursday, December 12th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $195.16.

Boeing Stock Performance

Shares of Boeing stock traded down $3.54 during trading on Friday, hitting $177.34. The company's stock had a trading volume of 8,971,331 shares, compared to its average volume of 7,266,808. The Boeing Company has a 52 week low of $137.03 and a 52 week high of $208.10. The company has a fifty day simple moving average of $176.74 and a two-hundred day simple moving average of $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 - Get Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same quarter in the prior year, the firm earned ($0.47) EPS. As a group, analysts predict that The Boeing Company will post -2.58 EPS for the current year.

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.