The Boeing Company (NYSE:BA) Shares Sold by OLD National Bancorp IN

OLD National Bancorp IN reduced its position in The Boeing Company (NYSE:BA) by 6.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 6,478 shares of the aircraft producer’s stock after selling 448 shares during the period. OLD National Bancorp IN’s holdings in Boeing were worth $1,147,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Czech National Bank increased its stake in shares of Boeing by 8.4% during the 3rd quarter. Czech National Bank now owns 119,243 shares of the aircraft producer’s stock valued at $18,130,000 after acquiring an additional 9,281 shares during the last quarter. Canandaigua National Bank & Trust Co. grew its holdings in Boeing by 22.5% in the third quarter. Canandaigua National Bank & Trust Co. now owns 18,954 shares of the aircraft producer’s stock valued at $2,882,000 after purchasing an additional 3,476 shares during the period. Apella Capital LLC increased its position in Boeing by 1.2% during the third quarter. Apella Capital LLC now owns 7,928 shares of the aircraft producer’s stock worth $1,212,000 after purchasing an additional 97 shares during the last quarter. MRA Advisory Group purchased a new position in Boeing during the third quarter worth approximately $240,000. Finally, GAMMA Investing LLC boosted its holdings in shares of Boeing by 6.9% in the 3rd quarter. GAMMA Investing LLC now owns 4,069 shares of the aircraft producer’s stock valued at $619,000 after purchasing an additional 264 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BA has been the subject of a number of research analyst reports. TD Cowen dropped their price objective on Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a report on Monday, October 14th. Royal Bank of Canada restated an “outperform” rating and set a $200.00 price target on shares of Boeing in a research note on Wednesday. Wells Fargo & Company lifted their price objective on Boeing from $85.00 to $103.00 and gave the company an “underweight” rating in a research note on Wednesday. UBS Group increased their target price on shares of Boeing from $208.00 to $217.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Robert W. Baird reduced their price target on shares of Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $195.00.

Boeing Stock Down 1.8 %

BA stock opened at $176.26 on Friday. The stock’s 50 day moving average is $168.96 and its two-hundred day moving average is $164.37. The Boeing Company has a 52-week low of $137.03 and a 52-week high of $214.63. The company has a market capitalization of $108.96 billion, a PE ratio of -9.62 and a beta of 1.52.

Boeing (NYSE:BA) last posted its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same quarter in the previous year, the business earned ($0.47) EPS. As a group, sell-side analysts anticipate that The Boeing Company will post -1.61 EPS for the current year.

About Boeing

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.