Whittier Trust Co. Decreases Stake in The Boeing Company (NYSE:BA)

Whittier Trust Co. reduced its stake in shares of The Boeing Company (NYSE:BA) by 7.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 42,331 shares of the aircraft producer’s stock after selling 3,635 shares during the period. Whittier Trust Co.’s holdings in Boeing were worth $7,493,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Sierra Ocean LLC purchased a new stake in shares of Boeing during the 4th quarter worth $26,000. Sugar Maple Asset Management LLC purchased a new stake in shares of Boeing in the 4th quarter worth about $27,000. RPg Family Wealth Advisory LLC purchased a new stake in shares of Boeing in the 3rd quarter worth about $28,000. Fiduciary Advisors Inc. purchased a new stake in shares of Boeing in the 4th quarter worth about $28,000. Finally, HighMark Wealth Management LLC boosted its position in shares of Boeing by 121.6% in the 4th quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock worth $29,000 after buying an additional 90 shares in the last quarter. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BA has been the topic of several recent research reports. Wells Fargo & Company boosted their price objective on shares of Boeing from $103.00 to $113.00 and gave the stock an “underweight” rating in a research report on Monday. Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 price objective on shares of Boeing in a research report on Wednesday, January 29th. JPMorgan Chase & Co. boosted their price objective on shares of Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. UBS Group boosted their price objective on shares of Boeing from $208.00 to $217.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. Finally, StockNews.com upgraded shares of Boeing to a “sell” rating in a research report on Wednesday, March 12th. Two equities 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 given a strong buy rating to the company. Based on data from MarketBeat.com, Boeing presently has an average rating of “Moderate Buy” and an average price target of $195.68.

Insider Buying and Selling

In related news, EVP Uma M. Amuluru sold 3,159 shares of the stock in a transaction that occurred 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 sale, the executive vice president now owns 19,213 shares of the company’s stock, valued at approximately $3,471,596.97. This represents a 14.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.16% of the company’s stock.

Boeing Price Performance

NYSE BA opened at $172.82 on Friday. The Boeing Company has a 12 month low of $137.03 and a 12 month high of $196.95. The company has a 50-day moving average of $172.86 and a 200-day moving average of $163.54. The company has a market cap of $129.63 billion, a P/E ratio of -9.43 and a beta of 1.53.

Boeing (NYSE:BA) last posted its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same quarter in the prior year, the business earned ($0.47) EPS. As a group, equities research analysts anticipate that The Boeing Company will post -2.58 EPS for the current year.

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.