Associated Banc Corp Has $4.94 Million Stock Holdings in The Boeing Company (NYSE:BA)

Associated Banc Corp trimmed its stake in The Boeing Company (NYSE:BA) by 3.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 32,499 shares of the aircraft producer’s stock after selling 1,144 shares during the quarter. Associated Banc Corp’s holdings in Boeing were worth $4,941,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Cedar Wealth Management LLC bought a new position in shares of Boeing in the third quarter valued at $30,000. Kiely Wealth Advisory Group Inc. bought a new position in shares of Boeing in the second quarter valued at $33,000. Hobbs Group Advisors LLC bought a new position in shares of Boeing during the second quarter valued at about $34,000. Harel Insurance Investments & Financial Services Ltd. lifted its position in shares of Boeing by 351.1% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 212 shares of the aircraft producer’s stock valued at $39,000 after purchasing an additional 165 shares in the last quarter. Finally, 1620 Investment Advisors Inc. bought a new position in shares of Boeing during the second quarter valued at about $39,000. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Boeing Stock Up 2.5 %

Shares of BA opened at $153.08 on Tuesday. The Boeing Company has a 52-week low of $137.03 and a 52-week high of $267.54. The company has a market cap of $94.63 billion, a PE ratio of -11.87 and a beta of 1.57. The business has a fifty day moving average of $151.65 and a 200 day moving average of $168.08.

Boeing (NYSE:BA) last released its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The firm had revenue of $17.84 billion during the quarter, compared to analyst estimates of $17.81 billion. During the same period last year, the business posted ($3.26) EPS. The company’s revenue was down 1.5% on a year-over-year basis. As a group, research analysts anticipate that The Boeing Company will post -16.2 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have commented on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $200.00 price objective on shares of Boeing in a research report on Wednesday, October 30th. Citigroup reduced their target price on shares of Boeing from $224.00 to $209.00 and set a “buy” rating for the company in a research note on Tuesday, October 15th. UBS Group reduced their target price on shares of Boeing from $215.00 to $195.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. Morgan Stanley reduced their target price on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a research note on Thursday, October 24th. Finally, Robert W. Baird reduced their target price on shares of Boeing from $240.00 to $200.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Boeing presently has an average rating of “Hold” and a consensus price target of $190.11.

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.