Laird Norton Wetherby Wealth Management LLC Has $1.40 Million Holdings in The Boeing Company (NYSE:BA)

Laird Norton Wetherby Wealth Management LLC cut its holdings in shares of The Boeing Company (NYSE:BA) by 21.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,933 shares of the aircraft producer’s stock after selling 2,103 shares during the period. Laird Norton Wetherby Wealth Management LLC’s holdings in Boeing were worth $1,404,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in BA. Fiduciary Alliance LLC acquired a new position in Boeing during the 4th quarter valued at about $482,000. Wedmont Private Capital raised its position in shares of Boeing by 8.3% in the 4th quarter. Wedmont Private Capital now owns 4,950 shares of the aircraft producer’s stock valued at $851,000 after acquiring an additional 381 shares during the period. Claro Advisors LLC raised its position in shares of Boeing by 12.8% in the 4th quarter. Claro Advisors LLC now owns 5,174 shares of the aircraft producer’s stock valued at $916,000 after acquiring an additional 589 shares during the period. Eastern Bank raised its position in shares of Boeing by 13.1% in the 4th quarter. Eastern Bank now owns 13,703 shares of the aircraft producer’s stock valued at $2,425,000 after acquiring an additional 1,583 shares during the period. Finally, Tsfg LLC raised its position in shares of Boeing by 82.2% in the 4th quarter. Tsfg LLC now owns 583 shares of the aircraft producer’s stock valued at $103,000 after acquiring an additional 263 shares during the period. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently weighed in on BA. StockNews.com upgraded shares of Boeing from a “sell” rating to a “hold” rating in a research report on Friday, May 9th. Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 price target on shares of Boeing in a research report on Wednesday, April 23rd. Morgan Stanley increased their price target on shares of Boeing from $175.00 to $185.00 and gave the company an “equal weight” rating in a research report on Thursday, April 24th. Susquehanna increased their price target on shares of Boeing from $200.00 to $205.00 and gave the company a “positive” rating in a research report on Wednesday, January 29th. Finally, Cowen reaffirmed a “buy” rating on shares of Boeing in a research note on Wednesday, May 7th. One research analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $201.85.

Insider Buying and Selling

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of Boeing stock in a transaction on 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 transaction, the executive vice president now directly owns 19,213 shares of the company’s stock, valued at $3,471,596.97. The trade was a 14.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP David Christopher Raymond sold 3,899 shares of Boeing stock in a transaction 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 transaction, the executive vice president now directly owns 42,513 shares of the company’s stock, valued at approximately $7,950,356.13. This trade represents a 8.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.09% of the stock is owned by corporate insiders.

Boeing Trading Up 2.4%

Shares of BA opened at $203.36 on Wednesday. The company has a market cap of $153.33 billion, a price-to-earnings ratio of -11.10 and a beta of 1.41. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $205.73. The company’s fifty day simple moving average is $168.61 and its 200 day simple moving average is $167.55.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.39) by $0.90. The firm had revenue of $19.50 billion for the quarter, compared to analyst estimates of $19.57 billion. Boeing’s quarterly revenue was up 17.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($1.13) earnings per share. As a group, research analysts forecast that The Boeing Company will post -2.58 earnings per share for the current year.

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.