Sabal Trust CO Invests $1.21 Million in The Boeing Company (NYSE:BA)

Sabal Trust CO purchased a new stake in The Boeing Company (NYSE:BA) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 6,826 shares of the aircraft producer’s stock, valued at approximately $1,208,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Hennion & Walsh Asset Management Inc. raised its position in shares of Boeing by 23.5% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 2,998 shares of the aircraft producer’s stock worth $456,000 after buying an additional 570 shares during the period. Modera Wealth Management LLC lifted its stake in shares of Boeing by 12.6% in the 3rd quarter. Modera Wealth Management LLC now owns 6,237 shares of the aircraft producer’s stock valued at $948,000 after purchasing an additional 700 shares in the last quarter. Frank Rimerman Advisors LLC increased its position in Boeing by 4.6% during the 3rd quarter. Frank Rimerman Advisors LLC now owns 2,906 shares of the aircraft producer’s stock worth $442,000 after purchasing an additional 128 shares in the last quarter. Concord Wealth Partners raised its holdings in Boeing by 34.4% in the third quarter. Concord Wealth Partners now owns 504 shares of the aircraft producer’s stock valued at $77,000 after buying an additional 129 shares during the period. Finally, Orrstown Financial Services Inc. acquired a new position in Boeing during the third quarter valued at approximately $251,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Insider Activity at Boeing

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the firm’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 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 filing with the SEC, which is available through this link. 0.16% of the stock is currently owned by company insiders.

Boeing Stock Performance

Shares of NYSE:BA opened at $178.36 on Wednesday. The Boeing Company has a 1-year low of $137.03 and a 1-year high of $208.10. The company has a 50 day moving average price of $176.98 and a 200 day moving average price of $164.55. The stock has a market capitalization of $133.78 billion, a price-to-earnings ratio of -9.74 and a beta of 1.52.

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 period in the prior year, the business earned ($0.47) earnings per share. On average, sell-side analysts expect that The Boeing Company will post -2.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.