The Boeing Company (NYSE:BA) Shares Sold by German American Bancorp Inc.

German American Bancorp Inc. reduced its holdings in shares of The Boeing Company (NYSE:BA) by 12.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 21,000 shares of the aircraft producer’s stock after selling 2,877 shares during the period. German American Bancorp Inc.’s holdings in Boeing were worth $3,717,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Sierra Ocean LLC purchased a new position in shares of Boeing in the 4th quarter valued at approximately $26,000. Sugar Maple Asset Management LLC acquired a new position in shares of Boeing during the fourth quarter worth about $27,000. Fiduciary Advisors Inc. acquired a new stake in Boeing in the fourth quarter valued at about $28,000. HighMark Wealth Management LLC increased its position in Boeing by 121.6% during the 4th quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock worth $29,000 after purchasing an additional 90 shares during the period. Finally, Anfield Capital Management LLC lifted its holdings in shares of Boeing by 113.1% in the 4th quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer’s stock valued at $32,000 after buying an additional 95 shares during the period. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Boeing Stock Up 1.6 %

Shares of BA stock opened at $138.83 on Tuesday. The firm’s 50 day moving average price is $171.64 and its two-hundred day moving average price is $164.17. The Boeing Company has a fifty-two week low of $128.88 and a fifty-two week high of $196.95. The stock has a market cap of $104.13 billion, a price-to-earnings ratio of -7.58 and a beta of 1.24.

Boeing (NYSE:BA) last announced 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 posted ($0.47) earnings per share. On average, equities analysts forecast that The Boeing Company will post -2.58 EPS for the current fiscal year.

Insider Activity at Boeing

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $180.69, for a total value of $570,799.71. Following the transaction, the executive vice president now owns 19,213 shares in the company, valued at $3,471,596.97. The trade was a 14.12 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.09% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on BA. Melius upgraded Boeing from a “hold” rating to a “buy” rating in a research report on Monday, March 24th. Northcoast Research upgraded shares of Boeing from a “sell” rating to a “neutral” rating in a research note on Thursday, December 12th. JPMorgan Chase & Co. upped their target price on shares of Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft upped their price target on Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, January 2nd. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $200.00 price target on shares of Boeing in a research note on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $196.10.

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.