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

FineMark National Bank & Trust decreased its position in The Boeing Company (NYSE:BA) by 16.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,297 shares of the aircraft producer’s stock after selling 1,283 shares during the quarter. FineMark National Bank & Trust’s holdings in Boeing were worth $1,115,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Cerity Partners LLC lifted its stake in Boeing by 6.6% during the third quarter. Cerity Partners LLC now owns 112,288 shares of the aircraft producer’s stock valued at $17,072,000 after purchasing an additional 6,962 shares during the last quarter. Penserra Capital Management LLC increased its holdings in shares of Boeing by 17.5% in the third quarter. Penserra Capital Management LLC now owns 4,856 shares of the aircraft producer’s stock valued at $738,000 after buying an additional 724 shares in the last quarter. Davis R M Inc. lifted its position in shares of Boeing by 8.3% during the 3rd quarter. Davis R M Inc. now owns 3,000 shares of the aircraft producer’s stock valued at $456,000 after acquiring an additional 231 shares during the last quarter. Truvestments Capital LLC bought a new stake in shares of Boeing during the 3rd quarter worth $58,000. Finally, Qsemble Capital Management LP grew its holdings in shares of Boeing by 33.5% in the 3rd quarter. Qsemble Capital Management LP now owns 7,645 shares of the aircraft producer’s stock worth $1,162,000 after acquiring an additional 1,917 shares during the last quarter. Institutional investors own 64.82% of the company’s stock.

Insiders Place Their Bets

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the company’s stock in a transaction dated 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 directly owns 19,213 shares in the company, valued at $3,471,596.97. This represents a 14.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.09% of the company’s stock.

Boeing Trading Up 1.0 %

Boeing stock opened at $182.71 on Wednesday. The Boeing Company has a 1-year low of $137.03 and a 1-year high of $196.95. The firm’s fifty day simple moving average is $173.50 and its 200-day simple moving average is $163.90. The company has a market capitalization of $137.05 billion, a P/E ratio of -9.97 and a beta of 1.53.

Boeing (NYSE:BA) last announced its quarterly 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 prior year, the business earned ($0.47) earnings per share. On average, equities research analysts predict that The Boeing Company will post -2.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on BA. Citigroup increased their price target on Boeing from $207.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, February 10th. UBS Group lifted their target price 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. Susquehanna upped 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. Royal Bank of Canada reiterated an “outperform” rating and set a $200.00 price objective on shares of Boeing in a research report on Wednesday, January 29th. Finally, Northcoast Research upgraded Boeing from a “sell” rating to a “neutral” rating in a report on Thursday, December 12th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $195.68.

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.