The Boeing Company (NYSE:BA) Shares Sold by Weil Company Inc.

Weil Company Inc. lessened its position in The Boeing Company (NYSE:BA) by 2.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,531 shares of the aircraft producer’s stock after selling 100 shares during the period. Weil Company Inc.’s holdings in Boeing were worth $625,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of BA. Sierra Ocean LLC acquired a new stake in shares of Boeing in the fourth quarter valued at approximately $26,000. Sugar Maple Asset Management LLC acquired a new position in shares of Boeing during the fourth quarter worth approximately $27,000. RPg Family Wealth Advisory LLC bought a new position in Boeing in the 3rd quarter worth approximately $28,000. Fiduciary Advisors Inc. acquired a new stake in Boeing in the 4th quarter valued at approximately $28,000. Finally, HighMark Wealth Management LLC raised its stake in Boeing by 121.6% during the 4th quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock valued at $29,000 after acquiring an additional 90 shares in the last quarter. 64.82% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. 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 note on Monday, January 6th. Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 target price on shares of Boeing in a research report on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, January 2nd. Northcoast Research upgraded shares of Boeing from a “sell” rating to a “neutral” rating in a report on Thursday, December 12th. Finally, Wells Fargo & Company boosted their target price on Boeing from $85.00 to $103.00 and gave the stock an “underweight” rating in a report on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $195.16.

Insider Activity at Boeing

In other Boeing 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 transaction of $570,799.71. Following the completion of the sale, the executive vice president now owns 19,213 shares of the company’s stock, valued at $3,471,596.97. This trade represents a 14.12 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.16% of the stock is owned by insiders.

Boeing Stock Down 0.9 %

NYSE:BA opened at $178.36 on Wednesday. The stock has a fifty day simple moving average of $176.98 and a 200 day simple moving average of $164.55. The firm has a market capitalization of $133.78 billion, a price-to-earnings ratio of -9.74 and a beta of 1.52. The Boeing Company has a 1-year low of $137.03 and a 1-year high of $208.10.

Boeing (NYSE:BA) last posted its quarterly earnings data 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 in the prior year, the firm earned ($0.47) EPS. Equities analysts predict that The Boeing Company will post -2.58 earnings per share for the current year.

Boeing 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.