FineMark National Bank & Trust Sells 573 Shares of The Boeing Company $BA

FineMark National Bank & Trust lowered its position in The Boeing Company (NYSE:BA) by 9.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,653 shares of the aircraft producer’s stock after selling 573 shares during the period. FineMark National Bank & Trust’s holdings in Boeing were worth $1,184,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Harbor Asset Planning Inc. purchased a new stake in shares of Boeing during the 2nd quarter valued at $25,000. Piscataqua Savings Bank grew its stake in Boeing by 1,712.5% during the 2nd quarter. Piscataqua Savings Bank now owns 145 shares of the aircraft producer’s stock worth $30,000 after buying an additional 137 shares during the last quarter. Monetary Management Group Inc. increased its position in Boeing by 33.3% during the 1st quarter. Monetary Management Group Inc. now owns 200 shares of the aircraft producer’s stock valued at $34,000 after buying an additional 50 shares in the last quarter. Decker Retirement Planning Inc. purchased a new stake in Boeing in the second quarter valued at about $35,000. Finally, IMG Wealth Management Inc. boosted its holdings in Boeing by 159.4% in the second quarter. IMG Wealth Management Inc. now owns 179 shares of the aircraft producer’s stock worth $38,000 after acquiring an additional 110 shares in the last quarter. Institutional investors own 64.82% of the company’s stock.

Boeing Stock Performance

NYSE:BA opened at $185.69 on Thursday. The firm’s fifty day moving average is $210.44 and its two-hundred day moving average is $214.79. The firm has a market cap of $141.15 billion, a price-to-earnings ratio of -13.57 and a beta of 1.44. The Boeing Company has a one year low of $128.88 and a one year high of $242.69.

Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, October 29th. The aircraft producer reported ($7.47) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.51) by ($6.96). The business had revenue of $23.27 billion during the quarter, compared to analyst estimates of $21.61 billion. During the same period in the prior year, the firm earned ($10.44) EPS. The business’s revenue was up 30.4% on a year-over-year basis. As a group, equities research analysts predict that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Insider Transactions at Boeing

In related news, EVP Uma M. Amuluru sold 1,366 shares of the firm’s stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $197.66, for a total transaction of $270,003.56. Following the sale, the executive vice president owned 14,656 shares in the company, valued at approximately $2,896,904.96. This trade represents a 8.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.09% of the company’s stock.

Analyst Ratings Changes

BA has been the topic of several recent analyst reports. Jefferies Financial Group set a $255.00 price objective on shares of Boeing in a report on Tuesday, September 30th. Bank of America upped their price target on shares of Boeing from $260.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, August 1st. BNP Paribas set a $150.00 price objective on shares of Boeing in a research note on Tuesday. Deutsche Bank Aktiengesellschaft downgraded Boeing from a “buy” rating to a “hold” rating and set a $240.00 target price on the stock. in a research report on Thursday, October 30th. Finally, Morgan Stanley restated an “equal weight” rating on shares of Boeing in a research note on Monday, July 28th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have issued a Hold rating and six have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $232.09.

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.