Private Trust Co. NA Has $701,000 Stock Position in The Boeing Company (NYSE:BA)

Private Trust Co. NA reduced its position in The Boeing Company (NYSE:BA) by 21.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 3,963 shares of the aircraft producer’s stock after selling 1,063 shares during the period. Private Trust Co. NA’s holdings in Boeing were worth $701,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of BA. Sierra Ocean LLC acquired a new stake in Boeing in the 4th quarter valued at about $26,000. Sugar Maple Asset Management LLC acquired a new stake in Boeing during the fourth quarter worth approximately $27,000. RPg Family Wealth Advisory LLC acquired a new stake in Boeing during the third quarter worth approximately $28,000. Fiduciary Advisors Inc. acquired a new stake in Boeing during the fourth quarter worth approximately $28,000. Finally, HighMark Wealth Management LLC lifted its position in Boeing by 121.6% during the fourth quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock worth $29,000 after acquiring an additional 90 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BA has been the subject of several research reports. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, January 2nd. Barclays upgraded shares of Boeing from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $190.00 to $210.00 in a research report on Monday, January 6th. Susquehanna raised their price objective on shares of Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a research report on Wednesday, January 29th. 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, January 29th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Boeing has an average rating of “Moderate Buy” and a consensus price target of $195.16.

Boeing Price Performance

Shares of NYSE:BA opened at $174.84 on Friday. The company’s 50 day simple moving average is $176.87 and its 200 day simple moving average is $164.71. The stock has a market capitalization of $131.14 billion, a price-to-earnings ratio of -9.54 and a beta of 1.52. The Boeing Company has a 1 year low of $137.03 and a 1 year high of $206.62.

Boeing (NYSE:BA) last posted its 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 company earned ($0.47) EPS. As a group, analysts anticipate that The Boeing Company will post -2.58 EPS for the current fiscal year.

Insiders Place Their Bets

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the business’s 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 sale, the executive vice president now owns 19,213 shares of the company’s stock, valued at approximately $3,471,596.97. The trade was a 14.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.16% of the company’s stock.

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.