First Hawaiian Bank Sells 1,725 Shares of The Boeing Company (NYSE:BA)

First Hawaiian Bank decreased its position in The Boeing Company (NYSE:BA) by 22.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,839 shares of the aircraft producer’s stock after selling 1,725 shares during the quarter. First Hawaiian Bank’s holdings in Boeing were worth $1,127,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Trust Co. of Vermont raised its holdings in shares of Boeing by 1.0% in the third quarter. Trust Co. of Vermont now owns 4,389 shares of the aircraft producer’s stock worth $841,000 after buying an additional 45 shares during the period. Benchmark Financial Wealth Advisors LLC raised its holdings in shares of Boeing by 2.7% in the fourth quarter. Benchmark Financial Wealth Advisors LLC now owns 1,785 shares of the aircraft producer’s stock worth $465,000 after buying an additional 47 shares during the period. WealthPlan Investment Management LLC raised its holdings in shares of Boeing by 1.0% in 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 raised its holdings in shares of Boeing by 2.7% in 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. Finally, M&R Capital Management Inc. raised its holdings in shares of Boeing by 35.0% in 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. Institutional investors own 64.82% of the company’s stock.

Boeing Price Performance

Boeing stock opened at $174.99 on Thursday. The Boeing Company has a 1-year low of $159.70 and a 1-year high of $267.54. The business has a fifty day moving average price of $177.32 and a 200-day moving average price of $201.45.

Boeing (NYSE:BA) last posted its quarterly earnings data 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 during the quarter, compared to analyst estimates of $17.69 billion. Research analysts anticipate that The Boeing Company will post -1.57 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on BA shares. Benchmark reiterated a “buy” rating and issued a $250.00 price target on shares of Boeing in a report on Tuesday, March 26th. Baird R W upgraded Boeing to a “strong-buy” rating in a report on Monday, June 3rd. Argus downgraded Boeing from a “buy” rating to a “hold” rating in a report on Tuesday, April 30th. Northcoast Research downgraded Boeing from a “neutral” rating to a “sell” rating and set a $140.00 price objective on the stock. in a report on Wednesday, April 17th. Finally, Stifel Nicolaus restated a “buy” rating and set a $240.00 price objective on shares of Boeing in a report on Wednesday, May 15th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Boeing presently has an average rating of “Moderate Buy” and an average target price 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.