Community Bank N.A. Trims Stake in The Boeing Company (NYSE:BA)

Community Bank N.A. lowered its holdings in The Boeing Company (NYSE:BA) by 11.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 800 shares of the aircraft producer’s stock after selling 100 shares during the quarter. Community Bank N.A.’s holdings in Boeing were worth $142,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Pacer Advisors Inc. raised its holdings in shares of Boeing by 5.1% in the 3rd quarter. Pacer Advisors Inc. now owns 43,398 shares of the aircraft producer’s stock valued at $6,598,000 after buying an additional 2,111 shares during the period. Cerity Partners LLC raised its holdings in shares of Boeing by 6.6% in the 3rd quarter. Cerity Partners LLC now owns 112,288 shares of the aircraft producer’s stock valued at $17,072,000 after buying an additional 6,962 shares during the period. Penserra Capital Management LLC raised its holdings in shares of Boeing by 17.5% in the 3rd quarter. Penserra Capital Management LLC now owns 4,856 shares of the aircraft producer’s stock valued at $738,000 after buying an additional 724 shares during the period. Larson Financial Group LLC raised its holdings in shares of Boeing by 10.8% in the 3rd quarter. Larson Financial Group LLC now owns 16,324 shares of the aircraft producer’s stock valued at $2,482,000 after buying an additional 1,589 shares during the period. Finally, Daiwa Securities Group Inc. raised its holdings in shares of Boeing by 5.7% in the 3rd quarter. Daiwa Securities Group Inc. now owns 148,852 shares of the aircraft producer’s stock valued at $22,631,000 after buying an additional 8,085 shares during the period. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Stock Up 3.2 %

Shares of NYSE BA opened at $178.32 on Monday. The stock has a market cap of $133.75 billion, a PE ratio of -9.73 and a beta of 1.53. The Boeing Company has a 52-week low of $137.03 and a 52-week high of $196.95. The business has a 50-day moving average price of $172.98 and a 200 day moving average price of $163.59.

Boeing (NYSE:BA) last announced its earnings results 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 in the previous year, the business earned ($0.47) earnings per share. Sell-side analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on BA. UBS Group upped their price target on Boeing from $208.00 to $217.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Barclays upgraded Boeing from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $190.00 to $210.00 in a report on Monday, January 6th. Susquehanna upped their price target on Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a report on Wednesday, January 29th. StockNews.com upgraded Boeing to a “sell” rating in a report on Wednesday, March 12th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, January 2nd. 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 issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Boeing has an average rating of “Moderate Buy” and a consensus price target of $195.68.

Insider Activity at Boeing

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the company’s stock in a transaction that occurred 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 sale, the executive vice president now directly owns 19,213 shares of the company’s stock, valued at $3,471,596.97. This represents a 14.12 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.09% of the company’s stock.

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.