Fiduciary Trust Co Raises Holdings in The Boeing Company (NYSE:BA)

Fiduciary Trust Co increased its position in shares of The Boeing Company (NYSE:BA) by 83.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,141 shares of the aircraft producer’s stock after buying an additional 2,800 shares during the period. Fiduciary Trust Co’s holdings in Boeing were worth $1,087,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in BA. Sierra Ocean LLC bought a new position in Boeing in the fourth quarter worth about $26,000. Sugar Maple Asset Management LLC bought a new position in shares of Boeing during the 4th quarter worth approximately $27,000. Fiduciary Advisors Inc. purchased a new stake in Boeing during the fourth quarter valued at approximately $28,000. HighMark Wealth Management LLC boosted its stake in Boeing by 121.6% in the fourth quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock valued at $29,000 after acquiring an additional 90 shares in the last quarter. Finally, Anfield Capital Management LLC grew its holdings in Boeing by 113.1% in the fourth quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer’s stock worth $32,000 after purchasing an additional 95 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, EVP David Christopher Raymond sold 3,899 shares of the business’s stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $187.01, for a total transaction of $729,151.99. Following the completion of the sale, the executive vice president now directly owns 42,513 shares in the company, valued at approximately $7,950,356.13. The trade was a 8.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Uma M. Amuluru sold 3,159 shares of the firm’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 in the company, valued at $3,471,596.97. The trade was a 14.12 % decrease in their position. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by company insiders.

Boeing Stock Up 1.5 %

NYSE:BA opened at $194.53 on Friday. The Boeing Company has a 52 week low of $128.88 and a 52 week high of $196.95. The stock’s 50-day moving average price is $167.01 and its 200-day moving average price is $166.91. The stock has a market capitalization of $146.68 billion, a PE ratio of -10.62 and a beta of 1.41.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, April 23rd. The aircraft producer reported ($0.49) EPS for the quarter, beating analysts’ consensus estimates of ($1.39) by $0.90. The business had revenue of $19.50 billion during the quarter, compared to analysts’ expectations of $19.57 billion. During the same quarter last year, the firm earned ($1.13) earnings per share. The firm’s quarterly revenue was up 17.7% compared to the same quarter last year. Sell-side analysts expect that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently weighed in on BA shares. Melius Research set a $204.00 target price on Boeing in a research note on Monday, March 24th. Sanford C. Bernstein upgraded shares of Boeing from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $181.00 to $218.00 in a report on Monday, April 28th. Citigroup increased their price objective on shares of Boeing from $210.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, April 24th. Benchmark cut their price target on shares of Boeing from $250.00 to $215.00 and set a “buy” rating on the stock in a research note on Monday, April 21st. Finally, Susquehanna lifted their price objective on shares of Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a research note on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $201.85.

About Boeing

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.