The Boeing Company (NYSE:BA) Shares Sold by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. lowered its stake in The Boeing Company (NYSE:BA - Free Report) by 5.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,394 shares of the aircraft producer's stock after selling 1,427 shares during the quarter. Whittier Trust Co. of Nevada Inc.'s holdings in Boeing were worth $4,501,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Graybill Wealth Management LTD. purchased a new stake in shares of Boeing in the 1st quarter valued at about $106,000. Castlekeep Investment Advisors LLC raised its holdings in shares of Boeing by 31.6% during the 1st quarter. Castlekeep Investment Advisors LLC now owns 23,928 shares of the aircraft producer's stock valued at $4,081,000 after buying an additional 5,739 shares in the last quarter. Dakota Wealth Management increased its stake in Boeing by 9.6% in the 1st quarter. Dakota Wealth Management now owns 9,011 shares of the aircraft producer's stock worth $1,537,000 after purchasing an additional 789 shares during the period. LJI Wealth Management LLC increased its stake in Boeing by 23.5% in the 1st quarter. LJI Wealth Management LLC now owns 11,082 shares of the aircraft producer's stock worth $1,890,000 after purchasing an additional 2,111 shares during the period. Finally, OVERSEA CHINESE BANKING Corp Ltd increased its stake in Boeing by 121.5% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 2,999 shares of the aircraft producer's stock worth $522,000 after purchasing an additional 1,645 shares during the period. Institutional investors own 64.82% of the company's stock.

Insider Buying and Selling at Boeing

In other news, EVP David Christopher Raymond sold 3,899 shares of the firm's stock in a transaction on 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 sale, the executive vice president owned 42,513 shares of the company's stock, valued at $7,950,356.13. This trade represents a 8.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Jeffrey S. Shockey sold 3,205 shares of Boeing stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $202.87, for a total value of $650,198.35. Following the sale, the executive vice president directly owned 20,513 shares of the company's stock, valued at approximately $4,161,472.31. This represents a 13.51% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,744 shares of company stock valued at $1,511,370. 0.09% of the stock is currently owned by corporate insiders.

Boeing Stock Down 0.8%

Boeing stock traded down $1.81 during midday trading on Friday, reaching $229.19. 2,029,163 shares of the stock traded hands, compared to its average volume of 9,545,668. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $233.61. The stock's fifty day moving average is $209.57 and its 200-day moving average is $184.37. The stock has a market cap of $172.81 billion, a P/E ratio of -12.78 and a beta of 1.41.

Boeing (NYSE:BA - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($1.39) by $0.90. The firm had revenue of $19.50 billion for the quarter, compared to the consensus estimate of $19.57 billion. Boeing's quarterly revenue was up 17.7% compared to the same quarter last year. During the same period in the previous year, the company posted ($1.13) EPS. On average, equities analysts predict that The Boeing Company will post -2.58 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on BA shares. JPMorgan Chase & Co. lifted their price objective on Boeing from $200.00 to $230.00 and gave the stock an "overweight" rating in a research report on Wednesday. Sanford C. Bernstein reissued an "outperform" rating on shares of Boeing in a report on Monday. Benchmark dropped their target price on Boeing from $250.00 to $215.00 and set a "buy" rating on the stock in a report on Monday, April 21st. Bank of America raised Boeing from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $185.00 to $260.00 in a report on Monday, June 2nd. Finally, Melius Research set a $204.00 target price on Boeing in a report on Monday, March 24th. Four equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $221.55.

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.