First Horizon Advisors Inc. Sells 188 Shares of The Boeing Company (NYSE:BA)

First Horizon Advisors Inc. trimmed its holdings in The Boeing Company (NYSE:BA – Get Rating) by 2.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,875 shares of the aircraft producer’s stock after selling 188 shares during the quarter. First Horizon Advisors Inc.’s holdings in Boeing were worth $1,500,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Amalgamated Bank increased its stake in shares of Boeing by 2.1% in the 4th quarter. Amalgamated Bank now owns 146,502 shares of the aircraft producer’s stock worth $27,907,000 after acquiring an additional 3,003 shares in the last quarter. JSF Financial LLC bought a new position in shares of Boeing in the 4th quarter worth about $234,000. Collaborative Wealth Managment Inc. bought a new position in shares of Boeing in the 4th quarter worth about $211,000. Continuum Advisory LLC bought a new stake in Boeing during the 4th quarter valued at about $238,000. Finally, Checchi Capital Advisers LLC increased its stake in Boeing by 8.0% during the 4th quarter. Checchi Capital Advisers LLC now owns 6,382 shares of the aircraft producer’s stock valued at $1,216,000 after purchasing an additional 473 shares in the last quarter. 57.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on BA shares. Jefferies Financial Group raised their price objective on shares of Boeing from $240.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, January 30th. Citigroup raised their price objective on shares of Boeing from $222.00 to $248.00 and gave the company a “buy” rating in a research note on Friday, January 27th. The Goldman Sachs Group raised their price objective on shares of Boeing from $261.00 to $270.00 and gave the company a “buy” rating in a research note on Wednesday, April 12th. Royal Bank of Canada reduced their price objective on shares of Boeing from $225.00 to $220.00 in a research note on Thursday, April 27th. Finally, Wells Fargo & Company raised their price target on shares of Boeing from $230.00 to $237.00 in a report on Thursday, April 27th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $221.60.

Insider Activity

In other news, EVP Howard E. Mckenzie sold 412 shares of the company’s stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $204.36, for a total transaction of $84,196.32. Following the transaction, the executive vice president now owns 17,181 shares in the company, valued at $3,511,109.16. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.15% of the company’s stock.

Boeing Stock Up 1.0 %

NYSE:BA traded up $2.08 during mid-day trading on Friday, reaching $202.95. The company’s stock had a trading volume of 1,362,951 shares, compared to its average volume of 5,807,955. The Boeing Company has a 1 year low of $113.02 and a 1 year high of $221.33. The stock has a fifty day moving average of $204.96 and a 200-day moving average of $199.40.

Boeing (NYSE:BA – Get Rating) last announced its earnings results on Wednesday, April 26th. The aircraft producer reported ($1.27) EPS for the quarter, missing analysts’ consensus estimates of ($0.98) by ($0.29). The business had revenue of $17.92 billion for the quarter, compared to analyst estimates of $17.56 billion. The business’s quarterly revenue was up 28.1% compared to the same quarter last year. During the same period in the previous year, the company earned ($2.75) EPS. As a group, research analysts anticipate that The Boeing Company will post -0.73 EPS for the current fiscal year.

Boeing Company Profile

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The Boeing Co is an aerospace company, which engages in the manufacture of commercial jetliners and defense, space, and security systems. It operates through the following segments: Commercial Airplanes (BCA), Defense, Space and Security (BDS), Global Services (BGS), and Boeing Capital (BCC). The Commercial Airplanes segment includes the development, production, and market of commercial jet aircraft and provides fleet support services, principally to the commercial airline industry worldwide.