The Boeing Company (NYSE:BA) Shares Sold by AMG National Trust Bank

AMG National Trust Bank cut its holdings in The Boeing Company (NYSE:BA) by 2.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,661 shares of the aircraft producer’s stock after selling 180 shares during the period. AMG National Trust Bank’s holdings in Boeing were worth $1,356,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of BA. Catalina Capital Group LLC increased its position in shares of Boeing by 17.1% during the third quarter. Catalina Capital Group LLC now owns 1,446 shares of the aircraft producer’s stock worth $220,000 after purchasing an additional 211 shares in the last quarter. Forte Capital LLC ADV increased its position in shares of Boeing by 14.9% during the third quarter. Forte Capital LLC ADV now owns 2,694 shares of the aircraft producer’s stock worth $410,000 after purchasing an additional 350 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Boeing by 6.1% during the third quarter. Principal Financial Group Inc. now owns 666,244 shares of the aircraft producer’s stock worth $101,296,000 after purchasing an additional 38,332 shares in the last quarter. Hara Capital LLC acquired a new position in Boeing in the 3rd quarter valued at about $123,000. Finally, Portside Wealth Group LLC raised its stake in Boeing by 46.5% during the 3rd quarter. Portside Wealth Group LLC now owns 14,139 shares of the aircraft producer’s stock valued at $2,150,000 after acquiring an additional 4,491 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Boeing Stock Down 2.7 %

Shares of Boeing stock opened at $154.20 on Friday. The Boeing Company has a fifty-two week low of $137.03 and a fifty-two week high of $203.80. The firm has a market cap of $115.66 billion, a PE ratio of -8.42 and a beta of 1.52. The business’s fifty day moving average is $175.03 and its two-hundred day moving average is $164.27.

Boeing (NYSE:BA) last issued its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same period last year, the firm earned ($0.47) earnings per share. Equities research analysts anticipate that The Boeing Company will post -2.58 EPS for the current year.

Insider Buying and Selling

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $180.69, for a total value of $570,799.71. Following the transaction, the executive vice president now directly owns 19,213 shares of the company’s stock, valued at $3,471,596.97. This trade represents 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. Corporate insiders own 0.16% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on the company. Barclays raised Boeing from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $190.00 to $210.00 in a research note on Monday, January 6th. JPMorgan Chase & Co. upped their price objective on Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. Northcoast Research raised Boeing from a “sell” rating to a “neutral” rating in a research note on Thursday, December 12th. Citigroup boosted their target price on Boeing from $207.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. Finally, UBS Group boosted their target price on Boeing from $208.00 to $217.00 and gave the stock a “buy” rating in a research report 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 assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $195.16.

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.