The Boeing Company (NYSE:BA) Shares Bought by Indiana Trust & Investment Management Co

Indiana Trust & Investment Management Co grew its position in The Boeing Company (NYSE:BA) by 19.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,205 shares of the aircraft producer’s stock after acquiring an additional 200 shares during the quarter. Indiana Trust & Investment Management Co’s holdings in Boeing were worth $213,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of BA. Exchange Traded Concepts LLC boosted its stake in Boeing by 691.3% during the 3rd quarter. Exchange Traded Concepts LLC now owns 1,725 shares of the aircraft producer’s stock worth $262,000 after purchasing an additional 1,507 shares during the period. ORG Wealth Partners LLC acquired a new stake in shares of Boeing during the third quarter worth about $141,000. NBC Securities Inc. grew its holdings in shares of Boeing by 11.7% during the third quarter. NBC Securities Inc. now owns 5,636 shares of the aircraft producer’s stock worth $856,000 after buying an additional 592 shares during the last quarter. Edge Wealth Management LLC raised its stake in Boeing by 11.5% during the 3rd quarter. Edge Wealth Management LLC now owns 2,897 shares of the aircraft producer’s stock valued at $440,000 after acquiring an additional 298 shares during the last quarter. Finally, Ullmann Wealth Partners Group LLC lifted its position in Boeing by 28.6% during the 3rd quarter. Ullmann Wealth Partners Group LLC now owns 1,614 shares of the aircraft producer’s stock worth $245,000 after acquiring an additional 359 shares during the period. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Boeing Price Performance

Shares of BA opened at $180.51 on Wednesday. The Boeing Company has a 1-year low of $137.03 and a 1-year high of $209.80. The stock has a market cap of $135.39 billion, a price-to-earnings ratio of -9.85 and a beta of 1.52. The firm has a 50 day simple moving average of $172.70 and a 200-day simple moving average of $163.99.

Boeing (NYSE:BA) last released its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same period in the prior year, the firm earned ($0.47) earnings per share. On average, equities analysts expect that The Boeing Company will post -2.3 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on BA. Deutsche Bank Aktiengesellschaft upped their price target on Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, January 2nd. Wells Fargo & Company upped their price objective on shares of Boeing from $85.00 to $103.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 29th. Citigroup lifted their target price on shares of Boeing from $207.00 to $210.00 and gave the company a “buy” rating in a report on Monday. Barclays raised shares of Boeing from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $190.00 to $210.00 in a report on Monday, January 6th. Finally, Morgan Stanley lowered their price objective on Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a report on Thursday, October 24th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $195.16.

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.