Citizens Financial Group Inc. RI reduced its stake in The Boeing Company (NYSE:BA - Free Report) by 68.0% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 9,730 shares of the aircraft producer's stock after selling 20,710 shares during the quarter. Citizens Financial Group Inc. RI's holdings in Boeing were worth $1,722,000 at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in BA. Sierra Ocean LLC purchased a new stake in shares of Boeing during the fourth quarter worth $26,000. Sugar Maple Asset Management LLC purchased a new stake in Boeing during the 4th quarter worth about $27,000. RPg Family Wealth Advisory LLC purchased a new stake in Boeing during the 3rd quarter worth about $28,000. Fiduciary Advisors Inc. bought a new position in Boeing in the 4th quarter worth about $28,000. Finally, HighMark Wealth Management LLC grew its holdings in Boeing by 121.6% during the 4th 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 in the last quarter. Institutional investors own 64.82% of the company's stock.
Boeing Stock Performance
Shares of NYSE BA traded up $0.25 during midday trading on Thursday, hitting $159.05. 5,683,471 shares of the company traded hands, compared to its average volume of 8,650,351. The Boeing Company has a 12-month low of $137.03 and a 12-month high of $196.95. The stock has a 50-day moving average price of $173.39 and a 200 day moving average price of $163.76. The firm has a market cap of $119.30 billion, a P/E ratio of -8.68 and a beta of 1.53.
Boeing (NYSE:BA - Get Free Report) last posted 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 period last year, the company earned ($0.47) EPS. As a group, equities analysts expect that The Boeing Company will post -2.58 earnings per share for the current year.
Insider Buying and Selling at Boeing
In other news, EVP Uma M. Amuluru sold 3,159 shares of Boeing stock in a transaction 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 transaction, the executive vice president now owns 19,213 shares in the company, valued at $3,471,596.97. This trade represents a 14.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.16% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities analysts recently commented on BA shares. Barclays raised shares of Boeing from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $190.00 to $210.00 in a research note on Monday, January 6th. JPMorgan Chase & Co. boosted their price objective on Boeing from $190.00 to $200.00 and gave the stock an "overweight" rating in a report on Wednesday, January 29th. UBS Group upped their price objective 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. Northcoast Research raised shares of Boeing from a "sell" rating to a "neutral" rating in a research note on Thursday, December 12th. Finally, Susquehanna increased their price target on shares of Boeing from $200.00 to $205.00 and gave the stock a "positive" rating in a report on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Boeing presently has a consensus rating of "Moderate Buy" and a consensus target price of $195.16.
Check Out Our Latest Research Report on BA
Boeing Profile
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Free Report)
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.
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