Sandy Spring Bank Has $1.25 Million Position in The Boeing Company (NYSE:BA)

Sandy Spring Bank increased its stake in shares of The Boeing Company (NYSE:BA) by 3.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,068 shares of the aircraft producer’s stock after purchasing an additional 204 shares during the quarter. Sandy Spring Bank’s holdings in Boeing were worth $1,251,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Sierra Ocean LLC acquired a new position in shares of Boeing during the fourth quarter worth $26,000. Sugar Maple Asset Management LLC acquired a new position in Boeing in the 4th quarter worth about $27,000. RPg Family Wealth Advisory LLC bought a new position in Boeing in the third quarter valued at about $28,000. Fiduciary Advisors Inc. acquired a new stake in shares of Boeing during the fourth quarter valued at about $28,000. Finally, HighMark Wealth Management LLC grew its holdings 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 purchasing an additional 90 shares during the last quarter. Institutional investors own 64.82% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Wells Fargo & Company raised their price objective on shares of Boeing from $103.00 to $113.00 and gave the company an “underweight” rating in a report on Monday. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, January 2nd. Barclays upgraded Boeing from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $190.00 to $210.00 in a report on Monday, January 6th. Northcoast Research raised Boeing from a “sell” rating to a “neutral” rating in a report on Thursday, December 12th. Finally, Citigroup upped their price target on Boeing from $207.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, February 10th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $195.68.

Boeing Trading Up 0.1 %

NYSE:BA opened at $172.82 on Friday. The firm has a fifty day simple moving average of $172.86 and a two-hundred day simple moving average of $163.54. The Boeing Company has a 12 month low of $137.03 and a 12 month high of $196.95. The stock has a market capitalization of $129.63 billion, a price-to-earnings ratio of -9.43 and a beta of 1.53.

Boeing (NYSE:BA) last issued its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same quarter last year, the company earned ($0.47) earnings per share. Equities analysts predict that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Uma M. Amuluru sold 3,159 shares of Boeing stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $180.69, for a total transaction of $570,799.71. Following the completion of the transaction, the executive vice president now directly owns 19,213 shares in the company, valued at $3,471,596.97. This trade represents a 14.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.16% of the company’s stock.

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.