Iowa State Bank Decreases Stake in The Boeing Company (NYSE:BA)

Iowa State Bank cut its holdings in shares of The Boeing Company (NYSE:BA) by 19.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,370 shares of the aircraft producer’s stock after selling 323 shares during the quarter. Iowa State Bank’s holdings in Boeing were worth $242,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. RPg Family Wealth Advisory LLC purchased a new position in Boeing in the 3rd quarter valued at approximately $28,000. Cedar Wealth Management LLC bought a new position in shares of Boeing in the third quarter worth $30,000. Kiely Wealth Advisory Group Inc. purchased a new position in shares of Boeing in the second quarter valued at $33,000. Strategic Financial Concepts LLC bought a new stake in shares of Boeing during the 2nd quarter valued at $41,000. Finally, Planning Capital Management Corp lifted its holdings in Boeing by 741.0% during the 3rd quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer’s stock worth $50,000 after purchasing an additional 289 shares in the last quarter. Institutional investors own 64.82% of the company’s stock.

Wall Street Analysts Forecast Growth

BA has been the topic of a number of analyst reports. UBS Group decreased their target price on shares of Boeing from $215.00 to $195.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 price objective on shares of Boeing in a research report on Wednesday, October 30th. Sanford C. Bernstein lowered Boeing from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $195.00 to $169.00 in a research note on Wednesday, October 30th. The Goldman Sachs Group lowered their price target on Boeing from $232.00 to $202.00 and set a “buy” rating on the stock in a report on Tuesday, September 24th. Finally, Morgan Stanley cut their price objective on Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a report on Thursday, October 24th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Boeing currently has an average rating of “Moderate Buy” and a consensus target price of $192.21.

Boeing Stock Performance

BA stock traded up $1.85 on Monday, reaching $171.75. The company’s stock had a trading volume of 5,961,129 shares, compared to its average volume of 9,551,966. The business has a fifty day simple moving average of $159.43 and a two-hundred day simple moving average of $165.34. The firm has a market cap of $106.18 billion, a PE ratio of -13.31 and a beta of 1.52. The Boeing Company has a 12-month low of $137.03 and a 12-month high of $233.85.

Boeing (NYSE:BA) last announced its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The firm had revenue of $17.84 billion for the quarter, compared to analysts’ expectations of $17.81 billion. During the same quarter last year, the firm earned ($3.26) earnings per share. The company’s quarterly revenue was down 1.5% on a year-over-year basis. As a group, research analysts anticipate that The Boeing Company will post -16.18 earnings per share for the current fiscal year.

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.