Fiduciary Trust Co Has $1.09 Million Stock Holdings in The Boeing Company (NYSE:BA)

Fiduciary Trust Co raised its position in The Boeing Company (NYSE:BA - Free Report) by 83.8% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 6,141 shares of the aircraft producer's stock after acquiring an additional 2,800 shares during the period. Fiduciary Trust Co's holdings in Boeing were worth $1,087,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of BA. Principal Financial Group Inc. raised its stake in shares of Boeing by 6.1% during the 3rd quarter. Principal Financial Group Inc. now owns 666,244 shares of the aircraft producer's stock worth $101,296,000 after purchasing an additional 38,332 shares in the last quarter. HBW Advisory Services LLC acquired a new position in shares of Boeing during the 4th quarter worth approximately $264,000. RMR Wealth Builders acquired a new position in shares of Boeing during the 4th quarter worth approximately $333,000. Graypoint LLC increased its holdings in shares of Boeing by 36.3% during the 4th quarter. Graypoint LLC now owns 2,612 shares of the aircraft producer's stock worth $462,000 after acquiring an additional 696 shares during the last quarter. Finally, Czech National Bank increased its holdings in shares of Boeing by 35.9% during the 4th quarter. Czech National Bank now owns 162,090 shares of the aircraft producer's stock worth $28,690,000 after acquiring an additional 42,847 shares during the last quarter. Institutional investors own 64.82% of the company's stock.

Boeing Price Performance

Shares of BA stock traded up $2.83 on Friday, hitting $194.53. 7,653,112 shares of the company's stock were exchanged, compared to its average volume of 9,097,826. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $196.95. The stock has a market cap of $146.68 billion, a P/E ratio of -10.62 and a beta of 1.41. The company has a 50 day moving average of $167.01 and a 200 day moving average of $166.99.

Boeing (NYSE:BA - Get Free Report) last announced 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 business had revenue of $19.50 billion for the quarter, compared to the consensus estimate of $19.57 billion. During the same quarter in the prior year, the company earned ($1.13) earnings per share. Boeing's quarterly revenue was up 17.7% compared to the same quarter last year. Sell-side analysts predict that The Boeing Company will post -2.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on BA shares. StockNews.com raised Boeing from a "sell" rating to a "hold" rating in a report on Friday. UBS Group boosted their target price on Boeing from $207.00 to $226.00 and gave the stock a "buy" rating in a report on Friday. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $200.00 price objective on shares of Boeing in a report on Wednesday, April 23rd. Benchmark decreased their price objective on Boeing from $250.00 to $215.00 and set a "buy" rating on the stock in a report on Monday, April 21st. Finally, Citigroup upped their price objective on Boeing from $210.00 to $220.00 and gave the company a "buy" rating in a report on Thursday, April 24th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $201.85.

Insider Buying and Selling

In other Boeing news, EVP David Christopher Raymond sold 3,899 shares of the stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $187.01, for a total value 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 approximately $7,950,356.13. This trade represents a 8.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 completion of the transaction, the executive vice president now owns 19,213 shares of the company's stock, valued at $3,471,596.97. This represents a 14.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.09% of the stock is owned by corporate insiders.

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.