Riverview Trust Co Has $106,000 Stock Holdings in The Boeing Company (NYSE:BA)

Riverview Trust Co increased its stake in The Boeing Company (NYSE:BA) by 74.9% in the 4th quarter, Holdings Channel reports. The firm owned 598 shares of the aircraft producer’s stock after purchasing an additional 256 shares during the period. Riverview Trust Co’s holdings in Boeing were worth $106,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Sierra Ocean LLC acquired a new position in Boeing in the fourth quarter worth about $26,000. Sugar Maple Asset Management LLC acquired a new stake in shares of Boeing in the fourth quarter valued at $27,000. RPg Family Wealth Advisory LLC acquired a new stake in shares of Boeing in the third quarter valued at approximately $28,000. Fiduciary Advisors Inc. acquired a new stake in shares of Boeing in the 4th quarter valued at $28,000. Finally, HighMark Wealth Management LLC increased its position in Boeing by 121.6% in the fourth quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock worth $29,000 after purchasing an additional 90 shares during the period. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Boeing Stock Performance

BA stock opened at $174.84 on Friday. The company has a market capitalization of $131.14 billion, a PE ratio of -9.54 and a beta of 1.52. The company’s 50 day moving average price is $176.87 and its two-hundred day moving average price is $164.71. The Boeing Company has a one year low of $137.03 and a one year high of $206.62.

Boeing (NYSE:BA) last issued its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same period in the prior year, the firm posted ($0.47) EPS. On average, research analysts predict that The Boeing Company will post -2.58 EPS for the current year.

Insider Transactions at Boeing

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of Boeing stock in a transaction that occurred 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 directly owns 19,213 shares of the company’s stock, valued at $3,471,596.97. The trade was a 14.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.16% of the company’s stock.

Analysts Set New Price Targets

BA has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft lifted their price objective on Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, January 2nd. UBS Group upped their target price on shares of Boeing from $208.00 to $217.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. Susquehanna increased their target price on shares of Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a report on Wednesday, January 29th. Wells Fargo & Company increased their price objective on Boeing from $85.00 to $103.00 and gave the company an “underweight” rating in a report on Wednesday, January 29th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 target price on shares of Boeing in a research note on Wednesday, January 29th. 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 given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $195.16.

Boeing 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.