Whittier Trust Co. of Nevada Inc. Has $5.39 Million Stake in The Boeing Company $BA

Whittier Trust Co. of Nevada Inc. lowered its position in The Boeing Company (NYSE:BA) by 2.5% during the second quarter, according to its most recent filing with the SEC. The firm owned 25,726 shares of the aircraft producer’s stock after selling 668 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Boeing were worth $5,390,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Harbor Asset Planning Inc. acquired a new position in shares of Boeing in the 2nd quarter worth approximately $25,000. Piscataqua Savings Bank increased its stake in shares of Boeing by 1,712.5% in the 2nd quarter. Piscataqua Savings Bank now owns 145 shares of the aircraft producer’s stock valued at $30,000 after acquiring an additional 137 shares in the last quarter. Monetary Management Group Inc. increased its stake in shares of Boeing by 33.3% in the 1st quarter. Monetary Management Group Inc. now owns 200 shares of the aircraft producer’s stock valued at $34,000 after acquiring an additional 50 shares in the last quarter. Keener Financial Planning LLC bought a new stake in shares of Boeing in the 2nd quarter valued at $41,000. Finally, Columbia River Financial Group LLC bought a new stake in shares of Boeing in the 1st quarter valued at $50,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Trading Up 0.2%

NYSE BA opened at $217.29 on Wednesday. The company has a fifty day simple moving average of $222.62 and a 200 day simple moving average of $208.85. The Boeing Company has a 12-month low of $128.88 and a 12-month high of $242.69. The company has a market cap of $164.30 billion, a P/E ratio of -13.16 and a beta of 1.47.

Boeing (NYSE:BA) last posted its quarterly earnings results on Tuesday, July 29th. The aircraft producer reported ($1.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.92) by ($0.32). The company had revenue of $22.75 billion for the quarter, compared to analyst estimates of $20.13 billion. During the same period in the prior year, the firm posted ($2.90) earnings per share. The company’s revenue for the quarter was up 34.9% compared to the same quarter last year. Sell-side analysts predict that The Boeing Company will post -2.58 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on BA. Sanford C. Bernstein lifted their price objective on shares of Boeing from $249.00 to $282.00 and gave the company an “outperform” rating in a research note on Thursday, October 2nd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Boeing in a research note on Wednesday, October 8th. KGI Securities upgraded shares of Boeing from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 24th. Rothschild & Co Redburn upgraded shares of Boeing from a “neutral” rating to a “buy” rating and set a $275.00 price objective for the company in a research note on Friday, June 27th. Finally, Redburn Atlantic upgraded shares of Boeing from a “hold” rating to a “strong-buy” rating and lifted their price objective for the company from $180.00 to $275.00 in a research note on Friday, June 27th. Three analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, two have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $240.20.

Insiders Place Their Bets

In other Boeing news, EVP David Christopher Raymond sold 3,771 shares of Boeing stock in a transaction on Friday, August 8th. The shares were sold at an average price of $229.94, for a total transaction of $867,103.74. Following the transaction, the executive vice president directly owned 35,873 shares of the company’s stock, valued at $8,248,637.62. The trade was a 9.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mortimer J. Buckley acquired 2,200 shares of the business’s stock in a transaction on Tuesday, August 19th. The shares were purchased at an average cost of $226.10 per share, for a total transaction of $497,420.00. Following the completion of the acquisition, the director directly owned 2,200 shares in the company, valued at approximately $497,420. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.09% of the stock is owned by insiders.

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.