The Boeing Company (NYSE:BA) Shares Sold by Washington Trust Bank

Washington Trust Bank cut its position in The Boeing Company (NYSE:BA) by 89.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,213 shares of the aircraft producer’s stock after selling 58,073 shares during the period. Washington Trust Bank’s holdings in Boeing were worth $1,277,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of BA. Mindset Wealth Management LLC acquired a new position in Boeing in the 4th quarter worth approximately $210,000. Wayfinding Financial LLC purchased a new stake in shares of Boeing in the 4th quarter valued at $1,416,000. Lee Danner & Bass Inc. increased its stake in shares of Boeing by 10.0% in the fourth quarter. Lee Danner & Bass Inc. now owns 27,736 shares of the aircraft producer’s stock worth $4,909,000 after acquiring an additional 2,514 shares during the period. DCF Advisers LLC raised its holdings in shares of Boeing by 68.7% during the fourth quarter. DCF Advisers LLC now owns 7,000 shares of the aircraft producer’s stock worth $1,239,000 after purchasing an additional 2,850 shares during the last quarter. Finally, RWQ Financial Management Services Inc. acquired a new position in Boeing during the fourth quarter valued at $3,394,000. 64.82% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Uma M. Amuluru sold 3,159 shares of the firm’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $180.69, for a total transaction of $570,799.71. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.16% of the stock is currently owned by company insiders.

Boeing Trading Up 3.2 %

NYSE:BA opened at $178.32 on Friday. The firm has a market cap of $133.75 billion, a P/E ratio of -9.73 and a beta of 1.53. The stock has a 50 day moving average of $172.98 and a two-hundred day moving average of $163.57. The Boeing Company has a 12 month low of $137.03 and a 12 month high of $196.95.

Boeing (NYSE:BA) last posted its quarterly 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 period in the previous year, the business posted ($0.47) EPS. On average, research analysts forecast that The Boeing Company will post -2.58 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Royal Bank of Canada reaffirmed an “outperform” rating and set a $200.00 price target on shares of Boeing in a research report on Wednesday, January 29th. JPMorgan Chase & Co. raised their target price on Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. StockNews.com upgraded Boeing to a “sell” rating in a research report on Wednesday, March 12th. Northcoast Research upgraded Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, January 2nd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price 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.