Whittier Trust Co. of Nevada Inc. Sells 1,505 Shares of The Boeing Company (NYSE:BA)

Whittier Trust Co. of Nevada Inc. lessened its stake in shares of The Boeing Company (NYSE:BA - Free Report) by 5.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 27,821 shares of the aircraft producer's stock after selling 1,505 shares during the quarter. Whittier Trust Co. of Nevada Inc.'s holdings in Boeing were worth $4,924,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in BA. RWQ Financial Management Services Inc. acquired a new position in Boeing during the 4th quarter worth $3,394,000. Monetta Financial Services Inc. acquired a new position in shares of Boeing during the 4th quarter worth about $1,434,000. Holderness Investments Co. boosted its stake in Boeing by 2.9% during the 4th quarter. Holderness Investments Co. now owns 8,242 shares of the aircraft producer's stock valued at $1,459,000 after purchasing an additional 229 shares during the period. Viawealth LLC acquired a new stake in Boeing in the 4th quarter valued at approximately $250,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Boeing by 24.7% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 158,957 shares of the aircraft producer's stock worth $28,135,000 after buying an additional 31,530 shares during the period. Institutional investors and hedge funds own 64.82% of the company's stock.

Insider Transactions 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 value of $570,799.71. Following the completion of the transaction, the executive vice president now owns 19,213 shares of the company's stock, valued at $3,471,596.97. The trade was a 14.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.09% of the company's stock.

Remove Ads

Boeing Stock Down 2.3 %

BA stock traded down $4.17 during midday trading on Wednesday, reaching $178.42. The company's stock had a trading volume of 6,610,827 shares, compared to its average volume of 8,629,095. The business's 50-day simple moving average is $173.50 and its 200-day simple moving average is $163.90. The stock has a market cap of $133.83 billion, a PE ratio of -9.74 and a beta of 1.53. The Boeing Company has a 52 week low of $137.03 and a 52 week 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) EPS for the quarter, missing analysts' consensus estimates of ($1.60) by ($4.30). During the same period last year, the business earned ($0.47) earnings per share. As a group, equities analysts forecast that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

BA has been the subject of several research reports. Melius raised Boeing from a "hold" rating to a "buy" rating in a research report on Monday. Deutsche Bank Aktiengesellschaft raised their price target on shares of Boeing from $184.00 to $215.00 and gave the stock a "buy" rating in a research report on Thursday, January 2nd. Barclays raised shares of Boeing from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $190.00 to $210.00 in a research report on Monday, January 6th. Wells Fargo & Company boosted their price target on Boeing from $103.00 to $113.00 and gave the company an "underweight" rating in a research note on Monday, March 17th. Finally, UBS Group raised 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. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $195.68.

Boeing Company 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.