Sabal Trust CO Acquires New Stake in The Boeing Company (NYSE:BA)

Sabal Trust CO bought a new stake in The Boeing Company (NYSE:BA) in the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 6,826 shares of the aircraft producer’s stock, valued at approximately $1,208,000.

Other institutional investors also recently bought and sold shares of the company. National Pension Service boosted its stake in shares of Boeing by 15.5% in the fourth quarter. National Pension Service now owns 1,115,082 shares of the aircraft producer’s stock valued at $197,370,000 after purchasing an additional 149,846 shares during the period. Advisor OS LLC grew its stake in shares of Boeing by 3.1% in the fourth quarter. Advisor OS LLC now owns 2,277 shares of the aircraft producer’s stock worth $403,000 after acquiring an additional 68 shares in the last quarter. Lake Street Advisors Group LLC increased its position in shares of Boeing by 0.9% during the fourth quarter. Lake Street Advisors Group LLC now owns 56,636 shares of the aircraft producer’s stock worth $10,025,000 after acquiring an additional 493 shares during the period. Amalgamated Bank raised its stake in shares of Boeing by 23.1% in the fourth quarter. Amalgamated Bank now owns 142,896 shares of the aircraft producer’s stock valued at $25,293,000 after acquiring an additional 26,818 shares in the last quarter. Finally, FourThought Financial Partners LLC purchased a new position in Boeing in the fourth quarter valued at $703,000. 64.82% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $180.69, for a total transaction of $570,799.71. Following the completion of the transaction, the executive vice president now owns 19,213 shares of the company’s stock, valued at approximately $3,471,596.97. This trade represents a 14.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.16% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

BA has been the subject of a number of analyst reports. Susquehanna boosted their price objective on Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a research report on Wednesday, January 29th. UBS Group increased their price objective on Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Northcoast Research raised Boeing from a “sell” rating to a “neutral” rating in a report on Thursday, December 12th. Barclays raised 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 report on Monday, January 6th. Finally, Sanford C. Bernstein downgraded shares of Boeing from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $195.00 to $169.00 in a research report on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Boeing presently has a consensus rating of “Moderate Buy” and a consensus target price of $195.16.

Boeing Stock Down 0.9 %

NYSE:BA opened at $178.36 on Wednesday. The firm’s fifty day simple moving average is $176.98 and its 200-day simple moving average is $164.55. The Boeing Company has a fifty-two week low of $137.03 and a fifty-two week high of $208.10. The stock has a market cap of $133.78 billion, a PE ratio of -9.74 and a beta of 1.52.

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

Boeing Company 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.