Dorsey & Whitney Trust CO LLC Sells 3,405 Shares of The Boeing Company (NYSE:BA)

Dorsey & Whitney Trust CO LLC lowered its stake in shares of The Boeing Company (NYSE:BA) by 33.0% in the 4th quarter, according to its most recent Form 13F 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 quarter. Dorsey & Whitney Trust CO LLC’s holdings in Boeing were worth $1,221,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Sierra Ocean LLC bought a new position in Boeing in the 4th quarter valued at $26,000. Sugar Maple Asset Management LLC bought a new position in Boeing in the 4th quarter valued at $27,000. RPg Family Wealth Advisory LLC bought a new position in Boeing in the 3rd quarter valued at $28,000. Fiduciary Advisors Inc. bought a new position in Boeing in the 4th quarter valued at $28,000. Finally, HighMark Wealth Management LLC grew its stake in Boeing by 121.6% in the 4th quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock valued at $29,000 after purchasing an additional 90 shares during the period. Institutional investors own 64.82% of the company’s stock.

Wall Street Analyst Weigh In

BA has been the subject of a number of recent analyst reports. Wells Fargo & Company upped their price objective on Boeing from $85.00 to $103.00 and gave the company an “underweight” rating in a research note on Wednesday, January 29th. UBS Group upped their price objective on Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft increased their price target on Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, January 2nd. Citigroup increased their price target on Boeing from $207.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. Finally, Barclays upgraded Boeing from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $190.00 to $210.00 in a research note on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $195.16.

Boeing Stock Down 2.7 %

NYSE:BA opened at $154.20 on Friday. The business’s 50-day moving average price is $175.03 and its two-hundred day moving average price is $164.22. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $203.80. The stock has a market cap of $115.66 billion, a P/E ratio of -8.42 and a beta of 1.53.

Boeing (NYSE:BA) last released its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same quarter in the previous year, the firm earned ($0.47) earnings per share. On average, equities research analysts expect that The Boeing Company will post -2.58 EPS for the current fiscal year.

Insider Buying and Selling at Boeing

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $180.69, for a total value of $570,799.71. Following the sale, the executive vice president now owns 19,213 shares of the company’s stock, valued at $3,471,596.97. This trade represents a 14.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.16% 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.