Whittier Trust Co. of Nevada Inc. Trims Stake in The Boeing Company (NYSE:BA)

Whittier Trust Co. of Nevada Inc. cut its position in shares of The Boeing Company (NYSE:BA) by 5.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 27,821 shares of the aircraft producer’s stock after selling 1,505 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Boeing were worth $4,924,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Sierra Ocean LLC bought a new stake in shares of Boeing during the fourth quarter worth $26,000. Sugar Maple Asset Management LLC bought a new stake in Boeing during the 4th quarter valued at about $27,000. RPg Family Wealth Advisory LLC purchased a new stake in Boeing in the 3rd quarter valued at about $28,000. Fiduciary Advisors Inc. bought a new position in Boeing in the 4th quarter worth about $28,000. Finally, HighMark Wealth Management LLC increased its position in shares of Boeing by 121.6% during the fourth quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock worth $29,000 after acquiring an additional 90 shares during the period. 64.82% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

BA has been the subject of a number of research reports. JPMorgan Chase & Co. boosted their price target on Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. Barclays raised Boeing from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $190.00 to $210.00 in a research report on Monday, January 6th. Wells Fargo & Company lifted their price objective on Boeing from $103.00 to $113.00 and gave the company an “underweight” rating in a report on Monday, March 17th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, January 2nd. Finally, Citigroup boosted their price target on shares of Boeing from $207.00 to $210.00 and gave the company a “buy” rating in a report on Monday, February 10th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $195.68.

Insiders Place Their Bets

In related news, EVP Uma M. Amuluru sold 3,159 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now owns 19,213 shares in the company, valued at approximately $3,471,596.97. This represents a 14.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.16% of the stock is currently owned by insiders.

Boeing Stock Up 3.2 %

Shares of Boeing stock opened at $178.32 on Friday. The firm has a market capitalization of $133.75 billion, a P/E ratio of -9.73 and a beta of 1.53. The Boeing Company has a 52 week low of $137.03 and a 52 week high of $196.95. The company has a 50 day moving average price of $172.98 and a 200 day moving average price of $163.57.

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