Webster Bank N. A. Sells 4,037 Shares of The Boeing Company (NYSE:BA)

Webster Bank N. A. decreased its position in The Boeing Company (NYSE:BAGet Rating) by 44.6% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,022 shares of the aircraft producer’s stock after selling 4,037 shares during the period. Webster Bank N. A.’s holdings in Boeing were worth $961,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Blue Bell Private Wealth Management LLC bought a new stake in shares of Boeing in the 4th quarter valued at about $27,000. Strategic Asset Management LLC increased its holdings in Boeing by 102.9% during the fourth quarter. Strategic Asset Management LLC now owns 138 shares of the aircraft producer’s stock valued at $28,000 after buying an additional 70 shares during the period. CarsonAllaria Wealth Management Ltd. bought a new position in Boeing in the fourth quarter worth approximately $28,000. Global Trust Asset Management LLC raised its stake in Boeing by 1,427.3% in the fourth quarter. Global Trust Asset Management LLC now owns 168 shares of the aircraft producer’s stock worth $34,000 after buying an additional 157 shares in the last quarter. Finally, AHL Investment Management Inc. purchased a new stake in Boeing during the fourth quarter worth $39,000. 53.96% of the stock is currently owned by institutional investors.

Shares of NYSE:BA opened at $137.16 on Thursday. The business has a 50-day moving average price of $142.76 and a 200-day moving average price of $179.63. The stock has a market cap of $81.15 billion, a price-to-earnings ratio of -16.59 and a beta of 1.48. The Boeing Company has a 52-week low of $113.02 and a 52-week high of $252.30.

Boeing (NYSE:BAGet Rating) last posted its quarterly earnings results on Wednesday, April 27th. The aircraft producer reported ($2.75) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.26) by ($2.49). The business had revenue of $13.99 billion for the quarter, compared to the consensus estimate of $15.90 billion. During the same period in the previous year, the company earned ($1.53) earnings per share. The company’s revenue was down 8.1% compared to the same quarter last year. Research analysts expect that The Boeing Company will post -0.81 EPS for the current fiscal year.

BA has been the subject of several recent research reports. Susquehanna reduced their price target on Boeing from $193.00 to $192.00 in a research report on Friday, May 20th. Langenberg & Company began coverage on shares of Boeing in a research report on Wednesday, March 9th. They set a “buy” rating for the company. Susquehanna Bancshares cut their price objective on shares of Boeing from $193.00 to $192.00 and set a “positive” rating on the stock in a research report on Friday, May 20th. StockNews.com lowered shares of Boeing from a “hold” rating to a “sell” rating in a research note on Friday, May 6th. Finally, Royal Bank of Canada set a $220.00 target price on shares of Boeing in a research note on Friday, June 10th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, Boeing has a consensus rating of “Moderate Buy” and a consensus target price of $225.83.

About Boeing (Get Rating)

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.

Further Reading

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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