Sabal Trust CO Has $1.72 Million Stake in The Boeing Company (NYSE:BA)

Sabal Trust CO raised its stake in The Boeing Company (NYSE:BA) by 47.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,054 shares of the aircraft producer’s stock after acquiring an additional 3,228 shares during the period. Sabal Trust CO’s holdings in Boeing were worth $1,715,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of BA. American National Bank & Trust increased its holdings in Boeing by 474.1% in the 1st quarter. American National Bank & Trust now owns 155 shares of the aircraft producer’s stock valued at $26,000 after buying an additional 128 shares during the period. REAP Financial Group LLC increased its stake in Boeing by 60.2% in the fourth quarter. REAP Financial Group LLC now owns 173 shares of the aircraft producer’s stock valued at $31,000 after acquiring an additional 65 shares during the last quarter. Anfield Capital Management LLC raised its position in Boeing by 113.1% during the fourth quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer’s stock valued at $32,000 after purchasing an additional 95 shares in the last quarter. Dogwood Wealth Management LLC lifted its stake in Boeing by 167.2% during the fourth quarter. Dogwood Wealth Management LLC now owns 179 shares of the aircraft producer’s stock worth $32,000 after purchasing an additional 112 shares during the last quarter. Finally, Solstein Capital LLC acquired a new stake in shares of Boeing in the 4th quarter valued at $33,000. Institutional investors own 64.82% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on BA shares. Cowen restated a “buy” rating on shares of Boeing in a research report on Wednesday, May 7th. TD Securities downgraded Boeing to a “cautious” rating in a research note on Thursday, May 22nd. Benchmark reduced their price target on shares of Boeing from $250.00 to $215.00 and set a “buy” rating on the stock in a research note on Monday, April 21st. Wells Fargo & Company reaffirmed an “underweight” rating on shares of Boeing in a report on Thursday, May 22nd. Finally, Sanford C. Bernstein raised shares of Boeing from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $181.00 to $218.00 in a research note on Monday, April 28th. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $209.85.

Insiders Place Their Bets

In related news, EVP David Christopher Raymond sold 3,899 shares of the company’s stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $187.01, for a total transaction of $729,151.99. Following the sale, the executive vice president now owns 42,513 shares in the company, valued at $7,950,356.13. This represents a 8.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Brendan J. Nelson sold 640 shares of the firm’s stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $206.28, for a total value of $132,019.20. Following the sale, the senior vice president now directly owns 13,258 shares of the company’s stock, valued at $2,734,860.24. This represents a 4.60% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,744 shares of company stock worth $1,511,370. 0.09% of the stock is currently owned by insiders.

Boeing Trading Down 0.9%

Shares of BA opened at $199.09 on Thursday. The stock’s 50-day moving average price is $195.98 and its two-hundred day moving average price is $179.22. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $218.80. The company has a market capitalization of $150.12 billion, a PE ratio of -11.11 and a beta of 1.43.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, April 23rd. The aircraft producer reported ($0.49) EPS for the quarter, topping analysts’ consensus estimates of ($1.39) by $0.90. The company had revenue of $19.50 billion during the quarter, compared to analyst estimates of $19.57 billion. During the same period in the prior year, the firm earned ($1.13) earnings per share. Boeing’s revenue was up 17.7% compared to the same quarter last year. Equities research analysts predict that The Boeing Company will post -2.58 EPS for the current fiscal year.

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.