Fulton Bank N.A. Sells 2,002 Shares of The Boeing Company (NYSE:BA)

Fulton Bank N.A. decreased its holdings in shares of The Boeing Company (NYSE:BA) by 35.0% in the second quarter, HoldingsChannel reports. The fund owned 3,726 shares of the aircraft producer’s stock after selling 2,002 shares during the quarter. Fulton Bank N.A.’s holdings in Boeing were worth $678,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Vermillion & White Wealth Management Group LLC purchased a new stake in Boeing in the 4th quarter worth $26,000. Evolution Advisers Inc. bought a new position in Boeing during the 4th quarter valued at about $28,000. DiNuzzo Private Wealth Inc. bought a new position in Boeing during the 4th quarter valued at about $28,000. Vima LLC bought a new position in Boeing in the 4th quarter worth about $34,000. Finally, McClarren Financial Advisors Inc. grew its stake in Boeing by 451.4% in the 1st quarter. McClarren Financial Advisors Inc. now owns 193 shares of the aircraft producer’s stock worth $37,000 after acquiring an additional 158 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Stifel Nicolaus increased their price objective on shares of Boeing from $230.00 to $235.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Wells Fargo & Company decreased their price target on shares of Boeing from $190.00 to $185.00 and set an “equal weight” rating for the company in a report on Friday, August 2nd. StockNews.com lowered shares of Boeing from a “hold” rating to a “sell” rating in a research note on Friday, April 26th. Bank of America increased their price objective on shares of Boeing from $180.00 to $200.00 and gave the stock a “neutral” rating in a research note on Thursday, June 13th. Finally, Sanford C. Bernstein dropped their price target on shares of Boeing from $222.00 to $207.00 and set an “outperform” rating on the stock in a research report on Monday. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $215.18.

Boeing Price Performance

BA stock traded down $1.06 on Wednesday, reaching $163.98. The company’s stock had a trading volume of 2,558,615 shares, compared to its average volume of 8,171,327. The Boeing Company has a 52 week low of $159.70 and a 52 week high of $267.54. The company has a market capitalization of $100.66 billion, a P/E ratio of -46.69 and a beta of 1.56. The firm has a fifty day moving average of $181.52 and a two-hundred day moving average of $186.50.

Boeing (NYSE:BA) last released its earnings results on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.00) by ($1.90). The business had revenue of $16.87 billion during the quarter, compared to analysts’ expectations of $17.35 billion. During the same period last year, the business earned ($0.82) EPS. Boeing’s revenue for the quarter was down 14.6% compared to the same quarter last year. As a group, equities analysts expect that The Boeing Company will post -2.38 EPS for the current fiscal 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.