Washington Trust Bank decreased its position in shares of The Boeing Company (NYSE:BA - Free Report) by 89.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 7,213 shares of the aircraft producer's stock after selling 58,073 shares during the quarter. Washington Trust Bank's holdings in Boeing were worth $1,277,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Sierra Ocean LLC purchased a new position in Boeing in the 4th quarter valued at approximately $26,000. Sugar Maple Asset Management LLC purchased a new position in shares of Boeing in the fourth quarter valued at $27,000. RPg Family Wealth Advisory LLC bought a new stake in shares of Boeing during the 3rd quarter valued at $28,000. Fiduciary Advisors Inc. purchased a new stake in Boeing during the 4th quarter worth about $28,000. Finally, HighMark Wealth Management LLC boosted its stake in Boeing by 121.6% in the 4th quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer's stock worth $29,000 after purchasing an additional 90 shares during the period. Hedge funds and other institutional investors own 64.82% of the company's stock.
Analyst Upgrades and Downgrades
BA has been the topic of a number of recent analyst reports. 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. StockNews.com upgraded shares of Boeing to a "sell" rating in a research note on Wednesday, March 12th. Melius upgraded shares of Boeing from a "hold" rating to a "buy" rating in a research report on Monday. UBS Group increased their price objective on Boeing from $208.00 to $217.00 and gave the stock a "buy" rating in a research report on Wednesday, January 29th. Finally, Wells Fargo & Company boosted their target price on Boeing from $103.00 to $113.00 and gave the stock an "underweight" rating in a research report on Monday, March 17th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $195.68.
Check Out Our Latest Research Report on BA
Boeing Stock Performance
Shares of Boeing stock traded down $4.17 during midday trading on Wednesday, reaching $178.42. 6,610,827 shares of the company's stock traded hands, compared to its average volume of 8,629,095. The company has a market cap of $133.83 billion, a PE ratio of -9.74 and a beta of 1.53. The stock has a 50 day moving average of $173.50 and a 200-day moving average of $163.90. The Boeing Company has a 12 month low of $137.03 and a 12 month high of $196.95.
Boeing (NYSE:BA - Get Free Report) last posted its earnings results 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 in the previous year, the firm earned ($0.47) EPS. On average, equities analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current fiscal year.
Insider Buying and Selling at Boeing
In other news, EVP Uma M. Amuluru sold 3,159 shares of the business'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 in the company, valued at approximately $3,471,596.97. The trade was a 14.12 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.09% of the company's stock.
About Boeing
(
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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