Weil Company Inc. Has $625,000 Stock Position in The Boeing Company (NYSE:BA)

Weil Company Inc. reduced its position in shares of The Boeing Company (NYSE:BA) by 2.8% in the 4th quarter, according to the company in its most recent filing with the Securities and 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.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Lake Street Advisors Group LLC grew its position in shares of Boeing by 0.9% in the fourth quarter. Lake Street Advisors Group LLC now owns 56,636 shares of the aircraft producer’s stock valued at $10,025,000 after purchasing an additional 493 shares during the last quarter. Amalgamated Bank boosted its stake in Boeing by 23.1% during the 4th quarter. Amalgamated Bank now owns 142,896 shares of the aircraft producer’s stock valued at $25,293,000 after purchasing an additional 26,818 shares during the period. FourThought Financial Partners LLC acquired a new stake in Boeing in the 4th quarter valued at approximately $703,000. Bank of New York Mellon Corp grew its holdings in Boeing by 17.4% in the 4th quarter. Bank of New York Mellon Corp now owns 3,921,417 shares of the aircraft producer’s stock valued at $694,091,000 after buying an additional 581,987 shares during the last quarter. Finally, Sentry Investment Management LLC increased its position in Boeing by 9.7% in the 4th quarter. Sentry Investment Management LLC now owns 3,046 shares of the aircraft producer’s stock worth $539,000 after buying an additional 270 shares during the period. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Boeing Stock Down 0.9 %

NYSE:BA opened at $178.36 on Wednesday. The firm has a market cap of $133.78 billion, a PE ratio of -9.74 and a beta of 1.52. The Boeing Company has a 12 month low of $137.03 and a 12 month high of $208.10. The company’s 50-day moving average price is $176.98 and its two-hundred day moving average price is $164.55.

Boeing (NYSE:BA) last released its quarterly 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 period last year, the company posted ($0.47) earnings per share. On average, research analysts expect that The Boeing Company will post -2.58 EPS for the current fiscal year.

Insider Transactions at Boeing

In other news, EVP Uma M. Amuluru sold 3,159 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 19,213 shares in the company, valued at approximately $3,471,596.97. This represents a 14.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.16% of the company’s stock.

Wall Street Analyst Weigh In

BA has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft increased their price target on shares of Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, January 2nd. Susquehanna lifted their target price on Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a research report on Wednesday, January 29th. Barclays raised Boeing from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $190.00 to $210.00 in a report on Monday, January 6th. JPMorgan Chase & Co. lifted their price objective on Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Finally, Sanford C. Bernstein lowered Boeing from an “outperform” rating to a “market perform” rating and cut their target price for the company from $195.00 to $169.00 in a research note on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $195.16.

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.