First Hawaiian Bank Lowers Stock Position in The Boeing Company (NYSE:BA)

First Hawaiian Bank lessened its position in shares of The Boeing Company (NYSE:BA) by 32.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,935 shares of the aircraft producer’s stock after selling 1,904 shares during the quarter. First Hawaiian Bank’s holdings in Boeing were worth $716,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Vermillion & White Wealth Management Group LLC acquired a new stake in Boeing during the fourth quarter valued at $26,000. DiNuzzo Private Wealth Inc. purchased a new stake in shares of Boeing in the 4th quarter valued at approximately $28,000. Evolution Advisers Inc. purchased a new stake in Boeing during the 4th quarter worth approximately $28,000. Vima LLC purchased a new stake in Boeing during the 4th quarter worth approximately $34,000. Finally, Accent Capital Management LLC acquired a new position in Boeing during the 4th quarter worth approximately $39,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Citigroup lowered their target price on shares of Boeing from $252.00 to $224.00 and set a “buy” rating for the company in a report on Thursday, April 25th. Argus downgraded shares of Boeing from a “buy” rating to a “hold” rating in a report on Tuesday, April 30th. Wells Fargo & Company cut their price target on shares of Boeing from $190.00 to $185.00 and set an “equal weight” rating for the company in a report on Friday. StockNews.com cut shares of Boeing from a “hold” rating to a “sell” rating in a research note on Friday, April 26th. Finally, Morgan Stanley lowered their price objective on shares of Boeing from $235.00 to $180.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 10th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $215.18.

Boeing Trading Down 1.7 %

BA stock traded down $2.97 during midday trading on Monday, hitting $166.98. The stock had a trading volume of 9,230,529 shares, compared to its average volume of 8,224,600. The firm has a market capitalization of $102.89 billion, a price-to-earnings ratio of -45.42 and a beta of 1.56. The Boeing Company has a 52 week low of $159.70 and a 52 week high of $267.54. The stock has a 50-day simple moving average of $181.87 and a 200 day simple moving average of $187.17.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, July 31st. The aircraft producer reported ($2.90) EPS for the quarter, missing the consensus estimate of ($1.00) by ($1.90). The company had revenue of $16.87 billion during the quarter, compared to analysts’ expectations of $17.35 billion. Boeing’s revenue for the quarter was down 14.6% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.82) earnings per share. On average, equities analysts forecast that The Boeing Company will post -2.38 EPS for the current 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.