Advantage Trust Co Sells 175 Shares of The Boeing Company (NYSE:BA)

Advantage Trust Co lessened its stake in shares of The Boeing Company (NYSE:BA) by 21.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 640 shares of the aircraft producer’s stock after selling 175 shares during the period. Advantage Trust Co’s holdings in Boeing were worth $113,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in BA. Chaney Capital Management Inc. boosted its holdings in shares of Boeing by 2.1% during the 4th quarter. Chaney Capital Management Inc. now owns 2,870 shares of the aircraft producer’s stock worth $508,000 after buying an additional 58 shares in the last quarter. Farmers & Merchants Investments Inc. boosted its stake in Boeing by 0.6% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 10,608 shares of the aircraft producer’s stock valued at $1,878,000 after purchasing an additional 59 shares during the last quarter. Center for Financial Planning Inc. grew its holdings in Boeing by 12.0% during the fourth quarter. Center for Financial Planning Inc. now owns 562 shares of the aircraft producer’s stock worth $99,000 after buying an additional 60 shares in the last quarter. Transcend Capital Advisors LLC raised its holdings in shares of Boeing by 1.3% in the fourth quarter. Transcend Capital Advisors LLC now owns 4,923 shares of the aircraft producer’s stock valued at $871,000 after purchasing an additional 61 shares during the last quarter. Finally, Beacon Capital Management LLC lifted its position in shares of Boeing by 4.0% during the 4th quarter. Beacon Capital Management LLC now owns 1,709 shares of the aircraft producer’s stock worth $302,000 after buying an additional 65 shares in the last quarter. Institutional investors own 64.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on BA shares. JPMorgan Chase & Co. boosted their target price on Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. Wells Fargo & Company lifted their price objective on Boeing from $85.00 to $103.00 and gave the company an “underweight” rating in a research note on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, January 2nd. Barclays upgraded Boeing from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $190.00 to $210.00 in a research report on Monday, January 6th. Finally, UBS Group raised their price objective on Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $195.16.

Insider Buying and Selling

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the company’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $180.69, for a total transaction of $570,799.71. Following the transaction, the executive vice president now directly owns 19,213 shares in the company, valued at $3,471,596.97. This 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 available at the SEC website. 0.16% of the stock is currently owned by company insiders.

Boeing Stock Down 2.0 %

Shares of BA stock opened at $177.34 on Friday. The Boeing Company has a 52-week low of $137.03 and a 52-week high of $208.10. The business has a 50-day simple moving average of $176.74 and a 200-day simple moving average of $164.39. The stock has a market cap of $133.01 billion, a PE ratio of -9.68 and a beta of 1.52.

Boeing (NYSE:BA) last issued its quarterly 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 prior year, the firm earned ($0.47) EPS. Sell-side analysts anticipate that The Boeing Company will post -2.32 earnings per share for the current fiscal year.

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.