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

Haverford Trust Co decreased its holdings in The Boeing Company (NYSE:BA) by 35.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,040 shares of the aircraft producer’s stock after selling 1,100 shares during the quarter. Haverford Trust Co’s holdings in Boeing were worth $361,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Boeing by 24.4% during the fourth quarter. Vanguard Group Inc. now owns 64,442,717 shares of the aircraft producer’s stock worth $11,406,361,000 after purchasing an additional 12,641,715 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Boeing in the fourth quarter valued at $230,944,000. Amundi raised its stake in shares of Boeing by 473.6% during the 4th quarter. Amundi now owns 1,565,337 shares of the aircraft producer’s stock worth $268,862,000 after buying an additional 1,292,417 shares during the last quarter. Burkehill Global Management LP purchased a new stake in shares of Boeing in the 4th quarter worth about $212,400,000. Finally, Franklin Resources Inc. grew its stake in Boeing by 1,296.3% in the 3rd quarter. Franklin Resources Inc. now owns 1,136,895 shares of the aircraft producer’s stock valued at $169,386,000 after acquiring an additional 1,055,472 shares during the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Stock Up 1.0 %

NYSE:BA opened at $182.71 on Wednesday. The company has a market cap of $137.05 billion, a P/E ratio of -9.97 and a beta of 1.53. The firm’s 50 day moving average is $173.50 and its two-hundred day moving average is $163.90. The Boeing Company has a fifty-two week low of $137.03 and a fifty-two week high of $196.95.

Boeing (NYSE:BA) last issued its earnings results 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 period last year, the firm earned ($0.47) earnings per share. Research analysts forecast that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Insider Transactions at Boeing

In other news, EVP Uma M. Amuluru sold 3,159 shares of the stock in a transaction 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 completion of the sale, the executive vice president now owns 19,213 shares of the company’s stock, 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 this hyperlink. Company insiders own 0.09% of the company’s stock.

Wall Street Analyst Weigh In

BA has been the subject of a number of research reports. Northcoast Research upgraded shares of Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. Susquehanna upped their target price on Boeing from $200.00 to $205.00 and gave the company a “positive” rating in a research note on Wednesday, January 29th. UBS Group increased their target price on Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Melius raised Boeing from a “hold” rating to a “buy” rating in a report on Monday. Finally, Barclays raised Boeing from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $190.00 to $210.00 in a research note on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $195.68.

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.