Fiduciary Group LLC Sells 255 Shares of The Boeing Company (NYSE:BA)

Fiduciary Group LLC trimmed its stake in shares of The Boeing Company (NYSE:BA) by 5.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,673 shares of the aircraft producer’s stock after selling 255 shares during the quarter. Fiduciary Group LLC’s holdings in Boeing were worth $827,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in BA. Sierra Ocean LLC bought a new position in shares of Boeing during the fourth quarter worth about $26,000. Sugar Maple Asset Management LLC bought a new position in shares of Boeing during the fourth quarter worth about $27,000. RPg Family Wealth Advisory LLC bought a new position in shares of Boeing during the third quarter worth about $28,000. Fiduciary Advisors Inc. bought a new position in shares of Boeing during the fourth quarter worth about $28,000. Finally, HighMark Wealth Management LLC raised its position in shares of Boeing by 121.6% during the fourth 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 currently owned by institutional investors.

Boeing Trading Up 0.1 %

Shares of Boeing stock opened at $172.82 on Friday. The stock has a fifty day simple moving average of $172.86 and a 200 day simple moving average of $163.54. The Boeing Company has a 12-month low of $137.03 and a 12-month high of $196.95. The company has a market capitalization of $129.63 billion, a P/E ratio of -9.43 and a beta of 1.53.

Boeing (NYSE:BA) last announced its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same period last year, the company posted ($0.47) earnings per share. On average, analysts predict that The Boeing Company will post -2.58 EPS for the current year.

Insiders Place Their Bets

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the business’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $180.69, for a total value of $570,799.71. Following the transaction, the executive vice president now owns 19,213 shares of the company’s stock, valued at approximately $3,471,596.97. The trade was a 14.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.16% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on BA shares. Wells Fargo & Company raised their target price on Boeing from $103.00 to $113.00 and gave the stock an “underweight” rating in a research note on Monday. JPMorgan Chase & Co. raised their target price on Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. UBS Group raised their target price on Boeing from $208.00 to $217.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. Citigroup raised their target price on Boeing from $207.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. Finally, StockNews.com raised Boeing to a “sell” rating in a research note on Wednesday, March 12th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $195.68.

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.