Arlington Trust Co LLC Has $30,000 Position in The Boeing Company $BA

Arlington Trust Co LLC trimmed its position in The Boeing Company (NYSE:BA) by 74.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 143 shares of the aircraft producer’s stock after selling 410 shares during the quarter. Arlington Trust Co LLC’s holdings in Boeing were worth $30,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of BA. Revolve Wealth Partners LLC bought a new position in Boeing during the fourth quarter worth about $201,000. Bank Pictet & Cie Europe AG acquired a new position in shares of Boeing during the 4th quarter worth approximately $7,837,000. Tidal Investments LLC increased its holdings in shares of Boeing by 156.7% during the fourth quarter. Tidal Investments LLC now owns 98,154 shares of the aircraft producer’s stock worth $17,373,000 after purchasing an additional 59,924 shares during the period. Vivaldi Capital Management LP raised its position in shares of Boeing by 5.4% in the fourth quarter. Vivaldi Capital Management LP now owns 6,527 shares of the aircraft producer’s stock valued at $1,143,000 after buying an additional 336 shares in the last quarter. Finally, Vident Advisory LLC raised its position in shares of Boeing by 21.9% in the fourth quarter. Vident Advisory LLC now owns 8,879 shares of the aircraft producer’s stock valued at $1,572,000 after buying an additional 1,595 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Insider Buying and Selling

In related news, EVP David Christopher Raymond sold 3,771 shares of the firm’s stock in a transaction on Friday, August 8th. The stock was sold at an average price of $229.94, for a total transaction of $867,103.74. Following the sale, the executive vice president owned 35,873 shares of the company’s stock, valued at $8,248,637.62. This trade represents a 9.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Mortimer J. Buckley acquired 2,200 shares of Boeing stock in a transaction that occurred on Tuesday, August 19th. The shares were purchased at an average price of $226.10 per share, for a total transaction of $497,420.00. Following the transaction, the director directly owned 2,200 shares in the company, valued at $497,420. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.09% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. UBS Group set a $280.00 price objective on Boeing and gave the stock a “buy” rating in a research note on Wednesday, July 30th. Jefferies Financial Group increased their target price on Boeing from $230.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, June 4th. Barclays boosted their price target on Boeing from $210.00 to $255.00 and gave the company an “overweight” rating in a research note on Tuesday, July 29th. Wells Fargo & Company reaffirmed an “underweight” rating on shares of Boeing in a research report on Thursday, May 22nd. Finally, Vertical Research raised shares of Boeing from a “hold” rating to a “buy” rating and raised their target price for the company from $242.00 to $270.00 in a report on Monday, September 8th. Three research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $230.77.

Boeing Stock Down 0.1%

Boeing stock opened at $215.73 on Tuesday. The stock has a market cap of $163.13 billion, a PE ratio of -13.07 and a beta of 1.48. The Boeing Company has a 12-month low of $128.88 and a 12-month high of $242.69. The business’s 50-day moving average price is $228.71 and its two-hundred day moving average price is $199.86.

Boeing (NYSE:BA) last posted its quarterly earnings results on Tuesday, July 29th. The aircraft producer reported ($1.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.92) by ($0.32). The firm had revenue of $22.75 billion for the quarter, compared to the consensus estimate of $20.13 billion. The company’s quarterly revenue was up 34.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($2.90) EPS. As a group, analysts expect that The Boeing Company will post -2.58 earnings per share for the current year.

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.