The Boeing Company (NYSE:BA) Shares Sold by Stock Yards Bank & Trust Co.

Stock Yards Bank & Trust Co. lowered its position in shares of The Boeing Company (NYSE:BA) by 36.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 2,866 shares of the aircraft producer’s stock after selling 1,663 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Boeing were worth $507,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Sugar Maple Asset Management LLC bought a new position in shares of Boeing in the fourth quarter worth $27,000. RPg Family Wealth Advisory LLC bought a new position in Boeing in the 3rd quarter valued at about $28,000. Fiduciary Advisors Inc. bought a new stake in shares of Boeing during the 4th quarter worth about $28,000. Cedar Wealth Management LLC acquired a new position in shares of Boeing during the third quarter valued at approximately $30,000. Finally, Heck Capital Advisors LLC bought a new stake in Boeing during the fourth quarter worth approximately $33,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Price Performance

Shares of NYSE:BA opened at $175.95 on Tuesday. The stock has a market capitalization of $108.77 billion, a P/E ratio of -9.60 and a beta of 1.52. The business has a 50-day moving average of $169.50 and a two-hundred day moving average of $164.05. The Boeing Company has a fifty-two week low of $137.03 and a fifty-two week high of $213.77.

Boeing (NYSE:BA) last announced its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same quarter in the prior year, the business posted ($0.47) earnings per share. As a group, research analysts expect that The Boeing Company will post -2.12 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on BA. Barclays upgraded Boeing from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $190.00 to $210.00 in a research report on Monday, January 6th. Sanford C. Bernstein cut shares of Boeing from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $195.00 to $169.00 in a research report on Wednesday, October 30th. UBS Group raised their price objective on shares of Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. Wells Fargo & Company boosted their target price on shares of Boeing from $85.00 to $103.00 and gave the stock an “underweight” rating in a report on Wednesday, January 29th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $200.00 target price on shares of Boeing in a report on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Boeing currently has a consensus rating of “Moderate Buy” and an average price target of $195.00.

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.