OLD Second National Bank of Aurora Reduces Holdings in The Boeing Company (NYSE:BA)

OLD Second National Bank of Aurora decreased its holdings in shares of The Boeing Company (NYSE:BA) by 37.5% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 1,157 shares of the aircraft producer’s stock after selling 694 shares during the period. OLD Second National Bank of Aurora’s holdings in Boeing were worth $205,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of BA. Quarry LP lifted its holdings in shares of Boeing by 68.3% during the second quarter. Quarry LP now owns 611 shares of the aircraft producer’s stock worth $111,000 after purchasing an additional 248 shares during the period. Regal Investment Advisors LLC lifted its holdings in shares of Boeing by 10.2% during the second quarter. Regal Investment Advisors LLC now owns 3,440 shares of the aircraft producer’s stock worth $626,000 after purchasing an additional 317 shares during the period. Granite Bay Wealth Management LLC acquired a new stake in shares of Boeing during the second quarter worth about $561,000. Clearbridge Investments LLC lifted its holdings in shares of Boeing by 6,763.5% during the second quarter. Clearbridge Investments LLC now owns 287,237 shares of the aircraft producer’s stock worth $52,280,000 after purchasing an additional 283,052 shares during the period. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in shares of Boeing during the second quarter worth about $82,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Trading Down 2.1 %

NYSE BA opened at $174.03 on Thursday. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $214.63. The stock has a fifty day simple moving average of $167.68 and a 200-day simple moving average of $164.19.

Boeing (NYSE:BA) last posted its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same period in the previous year, the business earned ($0.47) earnings per share. As a group, equities research analysts expect that The Boeing Company will post -16.39 earnings per share for the current year.

Wall Street Analyst Weigh In

BA has been the subject of a number of research reports. Wells Fargo & Company lifted their target price on Boeing from $85.00 to $103.00 and gave the stock an “underweight” rating in a report on Wednesday. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 price target on shares of Boeing in a report on Wednesday. Robert W. Baird decreased their price target on Boeing from $240.00 to $200.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Citigroup decreased their price target on Boeing from $209.00 to $207.00 and set a “buy” rating for the company in a report on Friday, January 24th. Finally, Morgan Stanley decreased their price target 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, eight have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Boeing currently has an average rating of “Moderate Buy” and a consensus price target of $195.00.

About Boeing

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.