The Boeing Company (NYSE:BA) Shares Sold by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI decreased its stake in The Boeing Company (NYSE:BA) by 68.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,730 shares of the aircraft producer’s stock after selling 20,710 shares during the period. Citizens Financial Group Inc. RI’s holdings in Boeing were worth $1,722,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Sage Mountain Advisors LLC boosted its holdings in shares of Boeing by 64.5% in the 4th quarter. Sage Mountain Advisors LLC now owns 3,083 shares of the aircraft producer’s stock valued at $546,000 after buying an additional 1,209 shares in the last quarter. Channing Capital Management LLC raised its position in Boeing by 4.5% in the 4th quarter. Channing Capital Management LLC now owns 51,106 shares of the aircraft producer’s stock valued at $9,046,000 after purchasing an additional 2,216 shares during the last quarter. Independent Advisor Alliance raised its position in Boeing by 21.7% in the 4th quarter. Independent Advisor Alliance now owns 18,119 shares of the aircraft producer’s stock valued at $3,207,000 after purchasing an additional 3,231 shares during the last quarter. Daiwa Securities Group Inc. raised its position in Boeing by 15.1% in the 4th quarter. Daiwa Securities Group Inc. now owns 171,289 shares of the aircraft producer’s stock valued at $30,318,000 after purchasing an additional 22,437 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Boeing by 32.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 177,115 shares of the aircraft producer’s stock valued at $31,349,000 after purchasing an additional 43,426 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on BA. Deutsche Bank Aktiengesellschaft upped their price target on shares of Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, January 2nd. StockNews.com upgraded shares of Boeing to a “sell” rating in a research report on Wednesday. JPMorgan Chase & Co. upped their price target on shares of Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 price target on shares of Boeing in a research report on Wednesday, January 29th. Finally, Wells Fargo & Company upped their price objective on shares of Boeing from $85.00 to $103.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Boeing currently has a consensus rating of “Moderate Buy” and a consensus price target of $195.16.

Insider Activity at Boeing

In related news, EVP Uma M. Amuluru sold 3,159 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $180.69, for a total value of $570,799.71. Following the sale, the executive vice president now directly owns 19,213 shares of the company’s stock, valued at approximately $3,471,596.97. This represents a 14.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.16% of the stock is owned by corporate insiders.

Boeing Stock Up 3.3 %

Shares of BA opened at $159.08 on Thursday. The company has a 50-day simple moving average of $173.64 and a 200-day simple moving average of $163.80. The company has a market capitalization of $119.32 billion, a PE ratio of -8.68 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.

Boeing (NYSE:BA) last issued its quarterly earnings data 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 quarter in the previous year, the business earned ($0.47) EPS. On average, research analysts anticipate that The Boeing Company will post -2.58 EPS for the current year.

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.