Webster Bank N. A. Sells 459 Shares of The Boeing Company (NYSE:BA)

Webster Bank N. A. trimmed its holdings in The Boeing Company (NYSE:BA) by 26.4% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 1,282 shares of the aircraft producer’s stock after selling 459 shares during the quarter. Webster Bank N. A.’s holdings in Boeing were worth $227,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. AdvisorNet Financial Inc lifted its stake in Boeing by 54.2% in the fourth quarter. AdvisorNet Financial Inc now owns 2,021 shares of the aircraft producer’s stock worth $358,000 after purchasing an additional 710 shares during the last quarter. Carnegie Investment Counsel raised its holdings in shares of Boeing by 175.6% in the 4th quarter. Carnegie Investment Counsel now owns 4,619 shares of the aircraft producer’s stock valued at $818,000 after purchasing an additional 2,943 shares in the last quarter. Rockefeller Capital Management L.P. lifted its position in shares of Boeing by 8.8% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 473,917 shares of the aircraft producer’s stock worth $72,075,000 after purchasing an additional 38,300 shares during the period. Principal Financial Group Inc. increased its holdings in Boeing by 6.1% during the third quarter. Principal Financial Group Inc. now owns 666,244 shares of the aircraft producer’s stock valued at $101,296,000 after buying an additional 38,332 shares during the period. Finally, Jennison Associates LLC increased its holdings in shares of Boeing by 9.9% in the 3rd quarter. Jennison Associates LLC now owns 6,700,706 shares of the aircraft producer’s stock valued at $1,018,775,000 after acquiring an additional 602,143 shares during the period. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. Susquehanna decreased their price target on shares of Boeing from $210.00 to $200.00 and set a “positive” rating for the company in a research report on Thursday, October 24th. Sanford C. Bernstein downgraded shares of Boeing from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $195.00 to $169.00 in a report on Wednesday, October 30th. Citigroup cut their target price on Boeing from $209.00 to $207.00 and set a “buy” rating on the stock in a research report on Friday. Royal Bank of Canada reaffirmed an “outperform” rating and set a $200.00 price target on shares of Boeing in a research report on Wednesday, October 30th. Finally, UBS Group cut their price objective on shares of Boeing from $215.00 to $195.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th. 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 assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $192.11.

Boeing Stock Down 1.4 %

Shares of NYSE:BA opened at $175.95 on Monday. The Boeing Company has a fifty-two week low of $137.03 and a fifty-two week high of $214.63. The firm has a 50-day simple moving average of $166.42 and a 200 day simple moving average of $164.29. The company has a market cap of $108.77 billion, a PE ratio of -13.64 and a beta of 1.52.

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.