Logan Capital Management Inc. Sells 120 Shares of The Boeing Company (NYSE:BA)

Logan Capital Management Inc. trimmed its position in shares of The Boeing Company (NYSE:BA) by 22.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 405 shares of the aircraft producer’s stock after selling 120 shares during the quarter. Logan Capital Management Inc.’s holdings in Boeing were worth $72,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Investment Management Corp of Ontario grew its position in shares of Boeing by 5.7% in the 4th quarter. Investment Management Corp of Ontario now owns 20,301 shares of the aircraft producer’s stock valued at $3,593,000 after acquiring an additional 1,100 shares during the period. Investor s Fiduciary Advisor Network LLC bought a new position in shares of Boeing in the 4th quarter valued at about $263,000. KKM Financial LLC grew its position in shares of Boeing by 50.8% in the 4th quarter. KKM Financial LLC now owns 15,368 shares of the aircraft producer’s stock valued at $2,720,000 after acquiring an additional 5,175 shares during the period. Guardian Wealth Advisors LLC NC boosted its holdings in shares of Boeing by 2.7% during the 4th quarter. Guardian Wealth Advisors LLC NC now owns 4,443 shares of the aircraft producer’s stock worth $786,000 after buying an additional 116 shares during the period. Finally, Gen Wealth Partners Inc boosted its holdings in shares of Boeing by 20.6% during the 4th quarter. Gen Wealth Partners Inc now owns 7,515 shares of the aircraft producer’s stock worth $1,330,000 after buying an additional 1,285 shares during the period. 64.82% of the stock is owned by institutional investors.

Insider Transactions at Boeing

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the firm’s stock in a transaction on Thursday, February 20th. The shares were 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 approximately $3,471,596.97. This trade represents a 14.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP David Christopher Raymond sold 3,899 shares of the firm’s stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $187.01, for a total transaction of $729,151.99. Following the completion of the transaction, the executive vice president now directly owns 42,513 shares in the company, valued at $7,950,356.13. This trade represents a 8.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by corporate insiders.

Boeing Stock Up 2.4%

BA opened at $203.36 on Wednesday. The Boeing Company has a twelve month low of $128.88 and a twelve month high of $205.73. The company has a fifty day moving average of $168.61 and a 200-day moving average of $167.55. The stock has a market cap of $153.33 billion, a PE ratio of -11.10 and a beta of 1.41.

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

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Susquehanna lifted 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. StockNews.com raised shares of Boeing from a “sell” rating to a “hold” rating in a report on Friday, May 9th. Benchmark cut their price objective on shares of Boeing from $250.00 to $215.00 and set a “buy” rating for the company in a report on Monday, April 21st. Melius upgraded shares of Boeing from a “hold” rating to a “buy” rating in a research report on Monday, March 24th. Finally, Morgan Stanley boosted their target price on shares of Boeing from $175.00 to $185.00 and gave the company an “equal weight” rating in a research report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $201.85.

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.