The Boeing Company (NYSE:BA) Shares Sold by NBT Bank N A NY

NBT Bank N A NY decreased its position in shares of The Boeing Company (NYSE:BA) by 5.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 12,530 shares of the aircraft producer’s stock after selling 751 shares during the period. NBT Bank N A NY’s holdings in Boeing were worth $2,218,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of BA. Sierra Ocean LLC acquired a new stake in Boeing in the 4th quarter valued at about $26,000. Sugar Maple Asset Management LLC acquired a new stake in Boeing in the 4th quarter valued at about $27,000. Fiduciary Advisors Inc. acquired a new stake in Boeing in the 4th quarter valued at about $28,000. HighMark Wealth Management LLC raised its position in Boeing by 121.6% in the 4th quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock valued at $29,000 after purchasing an additional 90 shares in the last quarter. Finally, Anfield Capital Management LLC raised its position in Boeing by 113.1% in the 4th quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer’s stock valued at $32,000 after purchasing an additional 95 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Stock Down 4.0 %

NYSE:BA opened at $148.00 on Tuesday. The stock’s 50 day moving average price is $174.46 and its 200 day moving average price is $163.98. The company has a market capitalization of $111.01 billion, a PE ratio of -8.08 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) last announced its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same quarter in the prior year, the firm posted ($0.47) earnings per share. As a group, sell-side analysts anticipate that The Boeing Company will post -2.58 EPS for the current fiscal year.

Insider Buying and Selling at Boeing

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of Boeing 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 transaction, the executive vice president now directly owns 19,213 shares in the company, valued at approximately $3,471,596.97. This trade represents a 14.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.16% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on BA. Wells Fargo & Company increased their price target on Boeing from $85.00 to $103.00 and gave the company an “underweight” rating in a research report on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft increased their price target on Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, January 2nd. Barclays raised Boeing from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $190.00 to $210.00 in a research report on Monday, January 6th. Northcoast Research raised Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. Finally, UBS Group raised their target price on Boeing from $208.00 to $217.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $195.16.

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.