The Boeing Company (NYSE:BA) Shares Sold by Fidelity D & D Bancorp Inc.

Fidelity D & D Bancorp Inc. reduced its position in The Boeing Company (NYSE:BA) by 8.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,313 shares of the aircraft producer’s stock after selling 124 shares during the quarter. Fidelity D & D Bancorp Inc.’s holdings in Boeing were worth $253,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in BA. Vermillion & White Wealth Management Group LLC purchased a new position in shares of Boeing in the 4th quarter valued at about $26,000. Evolution Advisers Inc. purchased a new position in shares of Boeing in the 4th quarter valued at about $28,000. DiNuzzo Private Wealth Inc. purchased a new position in shares of Boeing in the 4th quarter valued at about $28,000. Vima LLC purchased a new position in shares of Boeing in the 4th quarter valued at about $34,000. Finally, Accent Capital Management LLC purchased a new position in shares of Boeing in the 4th quarter valued at about $39,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. The Goldman Sachs Group decreased their target price on Boeing from $268.00 to $257.00 and set a “buy” rating for the company in a research note on Monday, March 25th. TD Cowen decreased their target price on Boeing from $275.00 to $230.00 and set an “outperform” rating for the company in a research note on Monday, March 25th. UBS Group decreased their target price on Boeing from $250.00 to $240.00 and set a “buy” rating for the company in a research note on Friday, June 7th. Melius Research restated a “hold” rating on shares of Boeing in a research note on Monday, April 1st. Finally, Bank of America boosted their target price on Boeing from $180.00 to $200.00 and gave the stock a “neutral” rating in a research note on Thursday, June 13th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $220.89.

Boeing Trading Down 0.3 %

Shares of NYSE:BA traded down $0.50 during trading on Friday, reaching $182.01. The company had a trading volume of 5,899,850 shares, compared to its average volume of 5,801,654. The stock’s fifty day moving average price is $178.50 and its 200 day moving average price is $198.77. The Boeing Company has a fifty-two week low of $159.70 and a fifty-two week high of $267.54.

Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, April 24th. The aircraft producer reported ($1.13) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.43) by $0.30. The business had revenue of $16.57 billion for the quarter, compared to analyst estimates of $17.69 billion. Equities analysts anticipate that The Boeing Company will post -1.67 EPS 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.