Hancock Whitney Corp Has $716,000 Position in The Boeing Company (NYSE:BA)

Hancock Whitney Corp trimmed its holdings in The Boeing Company (NYSE:BA - Free Report) by 46.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,045 shares of the aircraft producer's stock after selling 3,450 shares during the period. Hancock Whitney Corp's holdings in Boeing were worth $716,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. AdvisorNet Financial Inc grew its stake in Boeing by 54.2% in the 4th quarter. AdvisorNet Financial Inc now owns 2,021 shares of the aircraft producer's stock valued at $358,000 after buying an additional 710 shares during the last quarter. Carnegie Investment Counsel increased its stake in shares of Boeing by 175.6% in the fourth quarter. Carnegie Investment Counsel now owns 4,619 shares of the aircraft producer's stock worth $818,000 after purchasing an additional 2,943 shares during the period. Principal Financial Group Inc. boosted its stake in Boeing by 6.1% during the 3rd quarter. Principal Financial Group Inc. now owns 666,244 shares of the aircraft producer's stock valued at $101,296,000 after purchasing an additional 38,332 shares during the period. World Investment Advisors LLC grew its holdings in Boeing by 243.4% in the 3rd quarter. World Investment Advisors LLC now owns 5,381 shares of the aircraft producer's stock valued at $818,000 after buying an additional 3,814 shares during the last quarter. Finally, Amundi lifted its holdings in shares of Boeing by 473.6% during the fourth quarter. Amundi now owns 1,565,337 shares of the aircraft producer's stock worth $268,862,000 after buying an additional 1,292,417 shares during the last quarter. Institutional investors own 64.82% of the company's stock.

Boeing Price Performance

Shares of Boeing stock traded up $1.66 during trading on Friday, hitting $177.92. 7,635,951 shares of the company were exchanged, compared to its average volume of 9,059,394. The firm has a market capitalization of $133.46 billion, a P/E ratio of -9.71 and a beta of 1.24. The firm's fifty day moving average price is $164.87 and its 200 day moving average price is $164.82. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $196.95.

Boeing (NYSE:BA - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($1.39) by $0.90. The firm had revenue of $19.50 billion for the quarter, compared to analyst estimates of $19.57 billion. As a group, equities research analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Barclays upgraded shares of Boeing from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $190.00 to $210.00 in a report on Monday, January 6th. Deutsche Bank Aktiengesellschaft boosted their price target on Boeing from $184.00 to $215.00 and gave the company a "buy" rating in a research note on Thursday, January 2nd. Melius Research set a $204.00 price objective on Boeing in a report on Monday, March 24th. Royal Bank of Canada restated an "outperform" rating and issued a $200.00 target price on shares of Boeing in a research note on Wednesday. Finally, Susquehanna lifted their price target on shares of Boeing from $200.00 to $205.00 and gave the stock a "positive" rating in a research note on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $198.45.

Insider Activity at Boeing

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 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. The trade was a 14.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.09% of the stock is owned by corporate 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.