Dorsey & Whitney Trust CO LLC Decreases Holdings in The Boeing Company (NYSE:BA)

Dorsey & Whitney Trust CO LLC trimmed its position in shares of The Boeing Company (NYSE:BA) by 33.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,901 shares of the aircraft producer’s stock after selling 3,405 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in Boeing were worth $1,221,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

BA has been the topic of several recent research reports. Susquehanna raised their price target on Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a research report on Wednesday, January 29th. Royal Bank of Canada restated an “outperform” rating and set a $200.00 price target on shares of Boeing in a research report on Wednesday, January 29th. Northcoast Research upgraded Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. Wells Fargo & Company lifted their price objective on Boeing from $85.00 to $103.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 29th. Finally, Barclays upgraded Boeing from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $190.00 to $210.00 in a research report on Monday, January 6th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $195.16.

Insider Buying and Selling 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 stock was sold at an average price of $180.69, for a total transaction of $570,799.71. Following the completion of the transaction, the executive vice president now owns 19,213 shares in the company, valued at approximately $3,471,596.97. The trade was a 14.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.16% of the stock is owned by company insiders.

Boeing Stock Down 2.7 %

BA opened at $154.20 on Friday. The stock has a market cap of $115.66 billion, a PE ratio of -8.42 and a beta of 1.53. The business has a 50 day moving average of $175.03 and a 200-day moving average of $164.22. The Boeing Company has a 52 week low of $137.03 and a 52 week high of $203.80.

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