Amalgamated Bank Sells 7,323 Shares of The Boeing Company (NYSE:BA)

Amalgamated Bank lessened its stake in The Boeing Company (NYSE:BA) by 5.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 136,347 shares of the aircraft producer’s stock after selling 7,323 shares during the period. Amalgamated Bank’s holdings in Boeing were worth $35,540,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. CNB Bank boosted its position in Boeing by 106.5% during the 3rd quarter. CNB Bank now owns 128 shares of the aircraft producer’s stock worth $25,000 after acquiring an additional 66 shares during the last quarter. Evolution Advisers Inc. bought a new stake in shares of Boeing in the fourth quarter valued at approximately $28,000. DiNuzzo Private Wealth Inc. acquired a new stake in Boeing during the fourth quarter worth about $28,000. Naples Money Management LLC acquired a new stake in shares of Boeing in the 4th quarter valued at $44,000. Finally, Blue Bell Private Wealth Management LLC grew its holdings in shares of Boeing by 66.2% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 236 shares of the aircraft producer’s stock valued at $45,000 after purchasing an additional 94 shares during the last quarter. 64.82% of the stock is owned by institutional investors.

Boeing Trading Up 4.3 %

Shares of Boeing stock traded up $7.39 during trading hours on Thursday, reaching $178.85. The stock had a trading volume of 10,172,954 shares, compared to its average volume of 9,680,446. The firm has a market capitalization of $109.79 billion, a PE ratio of -49.31 and a beta of 1.54. The stock’s 50 day moving average is $184.61 and its 200 day moving average is $206.14. The Boeing Company has a twelve month low of $159.70 and a twelve month high of $267.54.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share for the quarter, topping the consensus estimate of ($0.72) by $0.25. The company had revenue of $22.02 billion for the quarter, compared to analyst estimates of $21.14 billion. The company’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($1.75) earnings per share. As a group, sell-side analysts predict that The Boeing Company will post -0.18 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have issued reports on BA. Melius Research restated a “hold” rating on shares of Boeing in a report on Monday, April 1st. UBS Group lowered their target price on Boeing from $275.00 to $250.00 and set a “buy” rating on the stock in a research note on Thursday, March 21st. Sanford C. Bernstein dropped their price target on shares of Boeing from $272.00 to $240.00 and set an “outperform” rating on the stock in a research note on Monday, April 8th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Boeing from $240.00 to $225.00 and set a “buy” rating for the company in a report on Thursday, April 25th. Finally, Benchmark reissued a “buy” rating and issued a $250.00 price target on shares of Boeing in a research note on Tuesday, March 26th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, Boeing has an average rating of “Hold” and an average price target of $222.41.

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.