FineMark National Bank & Trust Cuts Position in The Boeing Company (NYSE:BA)

FineMark National Bank & Trust reduced its holdings in shares of The Boeing Company (NYSE:BA) by 16.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,297 shares of the aircraft producer’s stock after selling 1,283 shares during the quarter. FineMark National Bank & Trust’s holdings in Boeing were worth $1,115,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in BA. Sierra Ocean LLC purchased a new stake in Boeing during the 4th quarter worth $26,000. Sugar Maple Asset Management LLC acquired a new position in shares of Boeing during the fourth quarter worth about $27,000. RPg Family Wealth Advisory LLC purchased a new stake in shares of Boeing in the third quarter worth about $28,000. Fiduciary Advisors Inc. acquired a new stake in shares of Boeing in the fourth quarter valued at about $28,000. Finally, HighMark Wealth Management LLC raised its holdings in shares of 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 buying an additional 90 shares during the period. Institutional investors and hedge funds own 64.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on BA shares. Barclays raised shares of 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 research report on Monday, January 6th. UBS Group raised their price target on shares of Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. StockNews.com upgraded shares of Boeing to a “sell” rating in a report on Wednesday, March 12th. Citigroup raised their target price on Boeing from $207.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, February 10th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 price target on shares of Boeing in a research note on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $195.68.

Insider Transactions at Boeing

In related news, EVP Uma M. Amuluru sold 3,159 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $180.69, for a total value 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 represents a 14.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.09% of the company’s stock.

Boeing Price Performance

Shares of NYSE BA opened at $182.71 on Wednesday. The Boeing Company has a 1-year low of $137.03 and a 1-year high of $196.95. The firm has a market capitalization of $137.05 billion, a PE ratio of -9.97 and a beta of 1.53. The business’s fifty day moving average price is $173.50 and its two-hundred day moving average price is $163.90.

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