The Boeing Company (NYSE:BA) Shares Sold by Burke & Herbert Bank & Trust Co.

Burke & Herbert Bank & Trust Co. cut its position in shares of The Boeing Company (NYSE:BA) by 2.5% during the 4th quarter, Holdings Channel reports. The firm owned 4,078 shares of the aircraft producer’s stock after selling 106 shares during the period. Burke & Herbert Bank & Trust Co.’s holdings in Boeing were worth $722,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Exchange Traded Concepts LLC grew its position in Boeing by 691.3% in the third quarter. Exchange Traded Concepts LLC now owns 1,725 shares of the aircraft producer’s stock worth $262,000 after buying an additional 1,507 shares during the last quarter. Aaron Wealth Advisors LLC grew its holdings in shares of Boeing by 18.7% in the 3rd quarter. Aaron Wealth Advisors LLC now owns 2,029 shares of the aircraft producer’s stock worth $308,000 after acquiring an additional 320 shares during the last quarter. Trust Point Inc. lifted its holdings in shares of Boeing by 3.0% during the third quarter. Trust Point Inc. now owns 2,471 shares of the aircraft producer’s stock valued at $376,000 after purchasing an additional 73 shares during the last quarter. Inspire Advisors LLC boosted its position in shares of Boeing by 8.1% in the 3rd quarter. Inspire Advisors LLC now owns 2,844 shares of the aircraft producer’s stock valued at $432,000 after purchasing an additional 214 shares during the period. Finally, Blue Trust Inc. increased its stake in Boeing by 11.0% in the 3rd quarter. Blue Trust Inc. now owns 15,950 shares of the aircraft producer’s stock worth $2,425,000 after purchasing an additional 1,586 shares in the last quarter. Institutional investors own 64.82% of the company’s stock.

Analysts Set New Price Targets

BA has been the topic of several analyst reports. Benchmark reissued a “buy” rating and issued a $250.00 target price on shares of Boeing in a research report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, January 2nd. Wells Fargo & Company raised their target price on Boeing from $85.00 to $103.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 29th. Northcoast Research raised Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. Finally, Citigroup raised their price objective on Boeing from $207.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $195.16.

Boeing Trading Down 0.5 %

NYSE:BA opened at $184.52 on Monday. The Boeing Company has a 1 year low of $137.03 and a 1 year high of $208.10. The firm’s fifty day simple moving average is $174.96 and its 200 day simple moving average is $163.90.

Boeing (NYSE:BA) last issued its quarterly earnings results 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 quarter in the prior year, the business earned ($0.47) earnings per share. As a group, equities research analysts predict that The Boeing Company will post -2.3 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.