The Boeing Company $BA Shares Sold by Stock Yards Bank & Trust Co.

Stock Yards Bank & Trust Co. reduced its position in The Boeing Company (NYSE:BA) by 22.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,488 shares of the aircraft producer’s stock after selling 706 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in Boeing were worth $521,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Piscataqua Savings Bank lifted its holdings in shares of Boeing by 1,712.5% during the second quarter. Piscataqua Savings Bank now owns 145 shares of the aircraft producer’s stock worth $30,000 after purchasing an additional 137 shares during the period. Proathlete Wealth Management LLC acquired a new stake in shares of Boeing during the first quarter worth $34,000. Monetary Management Group Inc. lifted its holdings in shares of Boeing by 33.3% during the first quarter. Monetary Management Group Inc. now owns 200 shares of the aircraft producer’s stock worth $34,000 after purchasing an additional 50 shares during the period. Columbia River Financial Group LLC acquired a new stake in shares of Boeing during the first quarter worth $50,000. Finally, Iron Horse Wealth Management LLC lifted its holdings in shares of Boeing by 33.8% during the first quarter. Iron Horse Wealth Management LLC now owns 297 shares of the aircraft producer’s stock worth $51,000 after purchasing an additional 75 shares during the period. 64.82% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently weighed in on BA shares. Sanford C. Bernstein increased their price target on Boeing from $249.00 to $282.00 and gave the stock an “outperform” rating in a report on Thursday. Jefferies Financial Group set a $255.00 price target on Boeing in a report on Tuesday. Bank of America increased their price target on Boeing from $260.00 to $270.00 and gave the stock a “buy” rating in a report on Friday, August 1st. UBS Group set a $280.00 target price on Boeing and gave the company a “buy” rating in a report on Wednesday, July 30th. Finally, Morgan Stanley reissued an “equal weight” rating on shares of Boeing in a report on Monday, July 28th. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, three have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $233.91.

Insiders Place Their Bets

In related news, Director Mortimer J. Buckley acquired 2,200 shares of the company’s stock in a transaction that occurred on Tuesday, August 19th. The stock was purchased at an average price of $226.10 per share, for a total transaction of $497,420.00. Following the transaction, the director owned 2,200 shares in the company, valued at $497,420. This trade represents a ? increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP David Christopher Raymond sold 3,771 shares of Boeing stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $229.94, for a total value of $867,103.74. Following the sale, the executive vice president owned 35,873 shares of the company’s stock, valued at approximately $8,248,637.62. This represents a 9.51% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.09% of the company’s stock.

Boeing Stock Down 0.5%

Shares of BA stock opened at $216.32 on Friday. The Boeing Company has a fifty-two week low of $128.88 and a fifty-two week high of $242.69. The stock has a market cap of $163.57 billion, a P/E ratio of -13.10 and a beta of 1.47. The business has a fifty day simple moving average of $225.06 and a 200-day simple moving average of $204.98.

Boeing (NYSE:BA) last announced its quarterly earnings results on Tuesday, July 29th. The aircraft producer reported ($1.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.92) by ($0.32). The firm had revenue of $22.75 billion during the quarter, compared to analyst estimates of $20.13 billion. During the same period in the prior year, the company posted ($2.90) EPS. The firm’s quarterly revenue was up 34.9% on a year-over-year basis. On average, sell-side analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current year.

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.