The Boeing Company (NYSE:BA) Shares Purchased by Independence Bank of Kentucky

Independence Bank of Kentucky increased its stake in shares of The Boeing Company (NYSE:BAFree Report) by 28.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,800 shares of the aircraft producer’s stock after purchasing an additional 1,747 shares during the period. Independence Bank of Kentucky’s holdings in Boeing were worth $2,033,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of BA. CNB Bank grew its stake in shares of Boeing by 106.5% in the 3rd quarter. CNB Bank now owns 128 shares of the aircraft producer’s stock valued at $25,000 after buying an additional 66 shares during the period. VisionPoint Advisory Group LLC purchased a new position in Boeing in the 2nd quarter valued at approximately $32,000. True Wealth Design LLC purchased a new position in Boeing in the 4th quarter valued at approximately $33,000. Park Place Capital Corp boosted its position in Boeing by 185.1% in the 3rd quarter. Park Place Capital Corp now owns 211 shares of the aircraft producer’s stock valued at $40,000 after buying an additional 137 shares during the period. Finally, Industrial Alliance Investment Management Inc. acquired a new stake in shares of Boeing in the 4th quarter valued at $41,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Stock Down 1.6 %

Shares of NYSE:BA opened at $184.98 on Thursday. The company has a market cap of $112.86 billion, a price-to-earnings ratio of -50.27, a PEG ratio of 47.58 and a beta of 1.52. The firm’s 50-day simple moving average is $198.22 and its 200-day simple moving average is $209.15. The Boeing Company has a fifty-two week low of $176.25 and a fifty-two week high of $267.54.

Boeing (NYSE:BAGet Free Report) last released its quarterly earnings data on Wednesday, January 31st. The aircraft producer reported ($0.47) EPS for the quarter, topping analysts’ consensus estimates of ($0.72) by $0.25. The company had revenue of $22.02 billion for the quarter, compared to analysts’ expectations of $21.14 billion. The firm’s quarterly revenue was up 10.2% on a year-over-year basis. During the same period in the prior year, the firm posted ($1.75) EPS. On average, research analysts forecast that The Boeing Company will post 1 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Bank of America reduced their price objective on shares of Boeing from $225.00 to $210.00 and set a “neutral” rating on the stock in a report on Thursday, March 21st. Benchmark restated a “buy” rating and issued a $250.00 price objective on shares of Boeing in a report on Tuesday, March 26th. Edward Jones lowered shares of Boeing from a “buy” rating to a “hold” rating in a report on Monday, January 8th. JPMorgan Chase & Co. cut their price target on shares of Boeing from $270.00 to $230.00 and set an “overweight” rating on the stock in a research note on Monday, March 25th. Finally, Citigroup cut their price target on shares of Boeing from $263.00 to $252.00 and set a “buy” rating on the stock in a research note on Thursday, March 28th. Nine research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $241.53.

Read Our Latest Research Report on BA

Boeing Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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