Colonial Trust Advisors Sells 659 Shares of The Boeing Company (NYSE:BA)

Colonial Trust Advisors reduced its position in shares of The Boeing Company (NYSE:BA) by 38.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,065 shares of the aircraft producer’s stock after selling 659 shares during the quarter. Colonial Trust Advisors’ holdings in Boeing were worth $189,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Keynote Financial Services LLC grew its position in Boeing by 3.8% during the 4th quarter. Keynote Financial Services LLC now owns 1,542 shares of the aircraft producer’s stock worth $273,000 after acquiring an additional 57 shares during the last quarter. Chaney Capital Management Inc. boosted its stake in shares of Boeing by 2.1% during the fourth quarter. Chaney Capital Management Inc. now owns 2,870 shares of the aircraft producer’s stock valued at $508,000 after purchasing an additional 58 shares in the last quarter. Farmers & Merchants Investments Inc. grew its holdings in shares of Boeing by 0.6% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 10,608 shares of the aircraft producer’s stock worth $1,878,000 after purchasing an additional 59 shares during the last quarter. Center for Financial Planning Inc. increased its stake in shares of Boeing by 12.0% in the fourth quarter. Center for Financial Planning Inc. now owns 562 shares of the aircraft producer’s stock valued at $99,000 after buying an additional 60 shares during the period. Finally, Trek Financial LLC raised its holdings in Boeing by 2.7% in the 4th quarter. Trek Financial LLC now owns 2,307 shares of the aircraft producer’s stock valued at $408,000 after buying an additional 60 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Melius upgraded shares of Boeing from a “hold” rating to a “buy” rating in a research report on Monday, March 24th. UBS Group increased their price objective on Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. StockNews.com raised Boeing to a “sell” rating in a report on Saturday, April 5th. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 price target on shares of Boeing in a research note on Wednesday, January 29th. Finally, Melius Research set a $204.00 price objective on Boeing in a research note on Monday, March 24th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $196.10.

Insider Buying and Selling

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the company’s 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 transaction, the executive vice president now 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 transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.09% of the stock is owned by company insiders.

Boeing Trading Down 3.4 %

Shares of NYSE BA opened at $155.40 on Friday. The firm has a market capitalization of $116.56 billion, a P/E ratio of -8.48 and a beta of 1.24. The firm’s 50-day moving average price is $169.07 and its 200-day moving average price is $163.90. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $196.95.

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

Boeing Company 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.