The Boeing Company (NYSE:BA) Position Decreased by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. decreased its holdings in shares of The Boeing Company (NYSE:BA) by 2.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 354,885 shares of the aircraft producer’s stock after selling 9,644 shares during the period. PNC Financial Services Group Inc. owned approximately 0.06% of Boeing worth $62,815,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in BA. CWA Asset Management Group LLC bought a new position in shares of Boeing during the 3rd quarter valued at about $334,000. Assetmark Inc. boosted its position in shares of Boeing by 65.2% during the 3rd quarter. Assetmark Inc. now owns 1,057 shares of the aircraft producer’s stock valued at $161,000 after purchasing an additional 417 shares in the last quarter. Kerusso Capital Management LLC boosted its position in shares of Boeing by 6.5% during the 3rd quarter. Kerusso Capital Management LLC now owns 10,940 shares of the aircraft producer’s stock valued at $1,663,000 after purchasing an additional 668 shares in the last quarter. GSG Advisors LLC boosted its holdings in shares of Boeing by 7.8% in the third quarter. GSG Advisors LLC now owns 1,423 shares of the aircraft producer’s stock worth $219,000 after buying an additional 103 shares during the period. Finally, XML Financial LLC boosted its holdings in shares of Boeing by 10.6% in the third quarter. XML Financial LLC now owns 9,425 shares of the aircraft producer’s stock worth $1,433,000 after buying an additional 906 shares during the period. Institutional investors own 64.82% of the company’s stock.

Insider Activity

In other news, EVP Uma M. Amuluru sold 3,159 shares of Boeing stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $180.69, for a total value of $570,799.71. Following the transaction, the executive vice president now 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 can be accessed through this hyperlink. Insiders own 0.16% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on BA shares. Deutsche Bank Aktiengesellschaft raised their target price on shares of Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, January 2nd. Wells Fargo & Company raised their target price on shares of Boeing from $85.00 to $103.00 and gave the stock an “underweight” rating in a report on Wednesday, January 29th. Susquehanna raised their target price on shares of Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a report on Wednesday, January 29th. UBS Group raised their target price on shares of Boeing from $208.00 to $217.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Finally, Northcoast Research raised shares of Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Boeing has an average rating of “Moderate Buy” and an average price target of $195.16.

Boeing Stock Performance

Shares of BA opened at $154.20 on Monday. The firm has a market cap of $115.66 billion, a PE ratio of -8.42 and a beta of 1.53. The firm’s 50 day moving average price is $175.03 and its 200 day moving average price is $164.15. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $203.80.

Boeing (NYSE:BA) last issued its quarterly earnings data 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 quarter in the previous year, the company earned ($0.47) EPS. On average, sell-side analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

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.