Scotia Capital Inc. Sells 3,278 Shares of The Boeing Company (NYSE:BA)

Scotia Capital Inc. lessened its holdings in shares of The Boeing Company (NYSE:BA - Free Report) by 12.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 22,362 shares of the aircraft producer's stock after selling 3,278 shares during the quarter. Scotia Capital Inc.'s holdings in Boeing were worth $3,958,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. TD Private Client Wealth LLC raised its stake in shares of Boeing by 15.6% in the 3rd quarter. TD Private Client Wealth LLC now owns 1,734 shares of the aircraft producer's stock valued at $264,000 after purchasing an additional 234 shares during the period. Virtu Financial LLC acquired a new stake in Boeing in the 3rd quarter valued at approximately $7,544,000. World Investment Advisors LLC raised its position 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. Wilmington Savings Fund Society FSB lifted its stake in Boeing by 290.0% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 17,053 shares of the aircraft producer's stock valued at $2,593,000 after acquiring an additional 12,680 shares in the last quarter. Finally, Tidal Investments LLC boosted its position in Boeing by 2.1% during the 3rd quarter. Tidal Investments LLC now owns 38,230 shares of the aircraft producer's stock worth $5,812,000 after acquiring an additional 804 shares during the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

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Boeing Price Performance

Boeing stock traded up $2.41 during mid-day trading on Monday, reaching $159.25. 7,280,367 shares of the company were exchanged, compared to its average volume of 9,019,320. The company has a fifty day simple moving average of $168.68 and a 200-day simple moving average of $164.00. The firm has a market cap of $119.45 billion, a PE ratio of -8.69 and a beta of 1.24. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $196.95.

Boeing (NYSE:BA - Get Free Report) last announced its quarterly earnings data 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 period in the previous year, the business posted ($0.47) EPS. Sell-side analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently commented on BA shares. Melius Research set a $204.00 target price on shares of Boeing in a report on Monday, March 24th. UBS Group raised their price objective on Boeing from $208.00 to $217.00 and gave the company a "buy" rating in a report on Wednesday, January 29th. Citigroup upped their target price on Boeing from $207.00 to $210.00 and gave the stock a "buy" rating in a report on Monday, February 10th. Melius upgraded Boeing from a "hold" rating to a "buy" rating in a research note on Monday, March 24th. Finally, JPMorgan Chase & Co. upped their price objective on Boeing from $190.00 to $200.00 and gave the stock an "overweight" 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, fourteen have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $196.10.

Insiders Place Their Bets

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the company's 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 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.09% of the company's stock.

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.