Community Bank N.A. Reduces Stock Position in The Boeing Company (NYSE:BA)

Community Bank N.A. lessened its holdings in shares of The Boeing Company (NYSE:BA) by 12.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 700 shares of the aircraft producer’s stock after selling 100 shares during the period. Community Bank N.A.’s holdings in Boeing were worth $119,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Sierra Ocean LLC purchased a new stake in Boeing in the fourth quarter worth about $26,000. American National Bank & Trust raised its position in shares of Boeing by 474.1% in the 1st quarter. American National Bank & Trust now owns 155 shares of the aircraft producer’s stock worth $26,000 after acquiring an additional 128 shares in the last quarter. REAP Financial Group LLC lifted its stake in shares of Boeing by 60.2% in the 4th quarter. REAP Financial Group LLC now owns 173 shares of the aircraft producer’s stock valued at $31,000 after purchasing an additional 65 shares during the period. Anfield Capital Management LLC lifted its stake in shares of Boeing by 113.1% in the 4th quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer’s stock valued at $32,000 after purchasing an additional 95 shares during the period. Finally, Dogwood Wealth Management LLC boosted its position in shares of Boeing by 167.2% during the fourth quarter. Dogwood Wealth Management LLC now owns 179 shares of the aircraft producer’s stock valued at $32,000 after purchasing an additional 112 shares in the last quarter. Institutional investors own 64.82% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on BA shares. Bank of America raised Boeing from a “neutral” rating to a “buy” rating and raised their price objective for the company from $185.00 to $260.00 in a research report on Monday, June 2nd. Melius Research set a $204.00 price target on shares of Boeing in a research report on Monday, March 24th. Royal Bank Of Canada reissued a “cautious” rating on shares of Boeing in a research note on Thursday, June 12th. Wall Street Zen downgraded shares of Boeing from a “hold” rating to a “sell” rating in a research note on Saturday, May 17th. Finally, Sanford C. Bernstein upgraded shares of Boeing from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $181.00 to $218.00 in a report on Monday, April 28th. Four investment analysts have rated the stock with a sell rating, three have issued a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Boeing has an average rating of “Moderate Buy” and a consensus price target of $209.85.

Boeing Stock Down 1.3%

BA stock opened at $197.62 on Thursday. The Boeing Company has a 52-week low of $128.88 and a 52-week high of $218.80. The firm has a market cap of $149.01 billion, a P/E ratio of -11.03 and a beta of 1.43. The company’s 50-day simple moving average is $191.71 and its 200-day simple moving average is $177.73.

Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) EPS for the quarter, topping the consensus estimate of ($1.39) by $0.90. The company had revenue of $19.50 billion during the quarter, compared to analysts’ expectations of $19.57 billion. During the same period in the previous year, the firm posted ($1.13) EPS. Boeing’s revenue was up 17.7% compared to the same quarter last year. On average, analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Insider Transactions at Boeing

In other Boeing news, EVP Jeffrey S. Shockey sold 3,205 shares of Boeing stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $202.87, for a total transaction of $650,198.35. Following the transaction, the executive vice president now directly owns 20,513 shares of the company’s stock, valued at $4,161,472.31. The trade was a 13.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Brendan J. Nelson sold 640 shares of Boeing stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $206.28, for a total transaction of $132,019.20. Following the sale, the senior vice president now directly owns 13,258 shares in the company, valued at approximately $2,734,860.24. The trade was a 4.60% decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,744 shares of company stock valued at $1,511,370 over the last 90 days. 0.09% of the stock is currently owned by corporate insiders.

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.