Weik Capital Management Sells 318 Shares of The Boeing Company (NYSE:BA)

Weik Capital Management trimmed its stake in shares of The Boeing Company (NYSE:BA) by 7.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 4,197 shares of the aircraft producer’s stock after selling 318 shares during the quarter. Weik Capital Management’s holdings in Boeing were worth $743,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of BA. AdvisorNet Financial Inc grew its stake in Boeing by 54.2% during the fourth quarter. AdvisorNet Financial Inc now owns 2,021 shares of the aircraft producer’s stock worth $358,000 after buying an additional 710 shares in the last quarter. Rockefeller Capital Management L.P. boosted its position in shares of Boeing by 8.8% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 473,917 shares of the aircraft producer’s stock worth $72,075,000 after acquiring an additional 38,300 shares in the last quarter. Carnegie Investment Counsel increased its stake in Boeing by 175.6% in the fourth quarter. Carnegie Investment Counsel now owns 4,619 shares of the aircraft producer’s stock valued at $818,000 after acquiring an additional 2,943 shares during the last quarter. Principal Financial Group Inc. raised its position in Boeing by 6.1% during the third quarter. Principal Financial Group Inc. now owns 666,244 shares of the aircraft producer’s stock valued at $101,296,000 after purchasing an additional 38,332 shares in the last quarter. Finally, World Investment Advisors LLC lifted its stake in Boeing by 243.4% during the third quarter. World Investment Advisors LLC now owns 5,381 shares of the aircraft producer’s stock worth $818,000 after purchasing an additional 3,814 shares during the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Uma M. Amuluru sold 3,159 shares of Boeing 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 in the company, valued at $3,471,596.97. The trade was a 14.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.09% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on BA shares. Northcoast Research raised Boeing from a “sell” rating to a “neutral” rating in a report on Thursday, December 12th. Susquehanna boosted their target price on Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a research note on Wednesday, January 29th. Barclays upgraded shares of Boeing from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $190.00 to $210.00 in a research note on Monday, January 6th. UBS Group upped their price objective on shares of Boeing from $208.00 to $217.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $200.00 target price on shares of Boeing in a research report on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $195.68.

Boeing Stock Performance

NYSE:BA opened at $179.18 on Friday. The Boeing Company has a 52 week low of $137.03 and a 52 week high of $196.95. The firm’s fifty day moving average is $173.95 and its 200-day moving average is $164.10. The firm has a market cap of $134.40 billion, a P/E ratio of -9.78 and a beta of 1.53.

Boeing (NYSE:BA) last issued its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same period in the previous year, the business posted ($0.47) earnings per share. As a group, sell-side analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current year.

About Boeing

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.