Whittier Trust Co. Sells 3,635 Shares of The Boeing Company (NYSE:BA)

Whittier Trust Co. lessened its holdings in The Boeing Company (NYSE:BA - Free Report) by 7.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,331 shares of the aircraft producer's stock after selling 3,635 shares during the quarter. Whittier Trust Co.'s holdings in Boeing were worth $7,493,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. State Street Corp boosted its stake in Boeing by 2.3% in the 3rd quarter. State Street Corp now owns 27,778,195 shares of the aircraft producer's stock valued at $4,223,397,000 after buying an additional 636,594 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Boeing by 2.8% during the third quarter. Geode Capital Management LLC now owns 11,719,794 shares of the aircraft producer's stock valued at $1,774,705,000 after acquiring an additional 320,415 shares during the period. Fisher Asset Management LLC grew its holdings in shares of Boeing by 3.4% in the 4th quarter. Fisher Asset Management LLC now owns 5,030,899 shares of the aircraft producer's stock worth $890,469,000 after purchasing an additional 164,042 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Boeing by 30.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,178,444 shares of the aircraft producer's stock worth $739,585,000 after purchasing an additional 981,796 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Boeing by 17.4% during the 4th quarter. Bank of New York Mellon Corp now owns 3,921,417 shares of the aircraft producer's stock valued at $694,091,000 after purchasing an additional 581,987 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company's stock.

Remove Ads

Boeing Price Performance

NYSE:BA traded up $1.81 during trading hours on Tuesday, reaching $182.71. 7,157,704 shares of the stock were exchanged, compared to its average volume of 8,663,530. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $196.95. The stock has a market cap of $137.05 billion, a PE ratio of -9.97 and a beta of 1.53. The firm has a 50 day moving average of $173.19 and a 200 day moving average of $163.72.

Boeing (NYSE:BA - Get Free Report) last released its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing analysts' consensus estimates of ($1.60) by ($4.30). During the same quarter last year, the company earned ($0.47) EPS. Equities research analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current year.

Insider Activity

In other news, EVP Uma M. Amuluru sold 3,159 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $180.69, for a total value of $570,799.71. Following the completion of 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.09% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Melius raised shares of Boeing from a "hold" rating to a "buy" rating in a research note on Monday. Deutsche Bank Aktiengesellschaft increased their price target on Boeing from $184.00 to $215.00 and gave the stock a "buy" rating in a research report on Thursday, January 2nd. Northcoast Research upgraded Boeing from a "sell" rating to a "neutral" rating in a research report on Thursday, December 12th. Wells Fargo & Company increased their target price on Boeing from $103.00 to $113.00 and gave the stock an "underweight" rating in a report on Monday, March 17th. Finally, Susquehanna raised their target price on Boeing from $200.00 to $205.00 and gave the company a "positive" rating in a research note on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, fourteen have assigned a buy rating and one has 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.

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.