Trust Co. of Vermont Cuts Holdings in The Boeing Company (NYSE:BA)

Trust Co. of Vermont trimmed its position in The Boeing Company (NYSE:BA) by 27.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,176 shares of the aircraft producer’s stock after selling 1,213 shares during the period. Trust Co. of Vermont’s holdings in Boeing were worth $828,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Benchmark Financial Wealth Advisors LLC boosted its stake in Boeing by 2.7% in the fourth quarter. Benchmark Financial Wealth Advisors LLC now owns 1,785 shares of the aircraft producer’s stock valued at $465,000 after acquiring an additional 47 shares in the last quarter. WealthPlan Investment Management LLC lifted its stake in shares of Boeing by 1.0% during the fourth quarter. WealthPlan Investment Management LLC now owns 4,716 shares of the aircraft producer’s stock worth $1,229,000 after buying an additional 49 shares during the period. RB Capital Management LLC lifted its stake in shares of Boeing by 2.7% during the third quarter. RB Capital Management LLC now owns 1,893 shares of the aircraft producer’s stock worth $363,000 after buying an additional 50 shares during the period. M&R Capital Management Inc. lifted its stake in shares of Boeing by 35.0% during the fourth quarter. M&R Capital Management Inc. now owns 193 shares of the aircraft producer’s stock worth $50,000 after buying an additional 50 shares during the period. Finally, Northwest Quadrant Wealth Management LLC lifted its stake in shares of Boeing by 1.2% during the fourth quarter. Northwest Quadrant Wealth Management LLC now owns 4,379 shares of the aircraft producer’s stock worth $1,141,000 after buying an additional 50 shares during the period. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Boeing Stock Performance

BA traded up $0.10 on Monday, reaching $177.37. 671,294 shares of the company’s stock were exchanged, compared to its average volume of 8,628,610. The Boeing Company has a twelve month low of $159.70 and a twelve month high of $267.54. The stock’s fifty day moving average price is $177.44 and its 200-day moving average price is $202.43.

Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, April 24th. The aircraft producer reported ($1.13) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.43) by $0.30. The business had revenue of $16.57 billion for the quarter, compared to analyst estimates of $17.69 billion. As a group, sell-side analysts expect that The Boeing Company will post -1.48 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on BA. Susquehanna reiterated a “positive” rating and set a $230.00 price objective on shares of Boeing in a research note on Wednesday, May 15th. Stifel Nicolaus reiterated a “buy” rating and set a $240.00 price objective on shares of Boeing in a research note on Wednesday, May 15th. Sanford C. Bernstein decreased their target price on shares of Boeing from $230.00 to $215.00 and set an “outperform” rating for the company in a research report on Monday, June 3rd. Melius restated a “hold” rating on shares of Boeing in a research report on Monday, April 1st. Finally, Melius Research restated a “hold” rating on shares of Boeing in a research report on Monday, April 1st. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $220.89.

Boeing 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.