The Boeing Company (NYSE:BA) Shares Sold by Wesbanco Bank Inc.

Wesbanco Bank Inc. cut its holdings in shares of The Boeing Company (NYSE:BA) by 22.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,898 shares of the aircraft producer’s stock after selling 7,143 shares during the quarter. Wesbanco Bank Inc.’s holdings in Boeing were worth $4,407,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BA. Sugar Maple Asset Management LLC purchased a new stake in shares of Boeing during the 4th quarter worth $27,000. RPg Family Wealth Advisory LLC acquired a new position in Boeing in the third quarter valued at $28,000. Cedar Wealth Management LLC acquired a new position in shares of Boeing during the third quarter worth about $30,000. Planning Capital Management Corp increased its stake in shares of Boeing by 741.0% during the third quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer’s stock worth $50,000 after acquiring an additional 289 shares during the period. Finally, Albion Financial Group UT increased its stake in shares of Boeing by 116.1% during the fourth quarter. Albion Financial Group UT now owns 296 shares of the aircraft producer’s stock worth $52,000 after acquiring an additional 159 shares during the period. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Analyst Ratings Changes

BA has been the topic of a number of recent analyst reports. TD Cowen dropped their price target on shares of Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Robert W. Baird decreased their price objective on shares of Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Wells Fargo & Company decreased their price objective on shares of Boeing from $86.00 to $85.00 and set an “underweight” rating on the stock in a report on Monday, November 4th. Citigroup decreased their price objective on shares of Boeing from $224.00 to $209.00 and set a “buy” rating on the stock in a report on Tuesday, October 15th. Finally, Morgan Stanley decreased their price objective on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a report on Thursday, October 24th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Boeing has an average rating of “Moderate Buy” and a consensus target price of $192.21.

Boeing Stock Performance

Shares of BA opened at $174.87 on Thursday. The company has a market capitalization of $108.11 billion, a price-to-earnings ratio of -13.56 and a beta of 1.52. The company’s 50 day simple moving average is $164.20 and its 200 day simple moving average is $164.46. The Boeing Company has a 1 year low of $137.03 and a 1 year high of $217.59.

Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The company had revenue of $17.84 billion for the quarter, compared to analysts’ expectations of $17.81 billion. During the same period last year, the business earned ($3.26) earnings per share. The business’s revenue was down 1.5% compared to the same quarter last year. Equities analysts expect that The Boeing Company will post -16.46 EPS for the current fiscal year.

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.