The Boeing Company (NYSE:BA) Shares Sold by Hancock Whitney Corp

Hancock Whitney Corp reduced its holdings in shares of The Boeing Company (NYSE:BA - Free Report) by 46.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 4,045 shares of the aircraft producer's stock after selling 3,450 shares during the period. Hancock Whitney Corp's holdings in Boeing were worth $716,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of BA. Virtu Financial LLC bought a new position in Boeing during the 3rd quarter worth about $7,544,000. World Investment Advisors LLC boosted its stake in shares of Boeing by 243.4% during the third quarter. World Investment Advisors LLC now owns 5,381 shares of the aircraft producer's stock valued at $818,000 after purchasing an additional 3,814 shares in the last quarter. Wilmington Savings Fund Society FSB increased its holdings in Boeing by 290.0% during the third quarter. Wilmington Savings Fund Society FSB now owns 17,053 shares of the aircraft producer's stock valued at $2,593,000 after buying an additional 12,680 shares during the period. Tidal Investments LLC raised its stake in Boeing by 2.1% in the third quarter. Tidal Investments LLC now owns 38,230 shares of the aircraft producer's stock worth $5,812,000 after buying an additional 804 shares in the last quarter. Finally, Franklin Resources Inc. lifted its holdings in Boeing by 1,296.3% during the third quarter. Franklin Resources Inc. now owns 1,136,895 shares of the aircraft producer's stock worth $169,386,000 after buying an additional 1,055,472 shares during the period. Hedge funds and other institutional investors own 64.82% of the company's stock.

Boeing Price Performance

BA traded down $0.11 during trading on Wednesday, reaching $181.89. 2,613,838 shares of the company's stock were exchanged, compared to its average volume of 9,031,573. The Boeing Company has a 1 year low of $128.88 and a 1 year high of $196.95. The company's fifty day simple moving average is $164.82 and its 200-day simple moving average is $165.16. The stock has a market capitalization of $137.15 billion, a P/E ratio of -9.93 and a beta of 1.24.

Boeing (NYSE:BA - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share (EPS) 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 analysts' expectations of $19.57 billion. During the same period last year, the business earned ($1.13) EPS. The company's revenue for the quarter was up 17.7% on a year-over-year basis. Equities analysts forecast that The Boeing Company will post -2.58 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft boosted their price target on Boeing from $184.00 to $215.00 and gave the stock a "buy" rating in a research report on Thursday, January 2nd. Melius Research set a $204.00 target price on shares of Boeing in a report on Monday, March 24th. Sanford C. Bernstein upgraded shares of Boeing from a "market perform" rating to an "outperform" rating and raised their price target for the company from $181.00 to $218.00 in a report on Monday. StockNews.com upgraded shares of Boeing to a "sell" rating in a research note on Thursday, April 24th. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $200.00 target price on shares of Boeing in a research note on Wednesday, April 23rd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $200.90.

Insider Activity

In related news, EVP Uma M. Amuluru sold 3,159 shares of the firm's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $180.69, for a total transaction of $570,799.71. Following the sale, the executive vice president now directly owns 19,213 shares of the company's stock, valued at $3,471,596.97. This trade represents a 14.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.09% of the company's stock.

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.