Busey Bank Sells 896 Shares of The Boeing Company (NYSE:BA)

Busey Bank lowered its stake in The Boeing Company (NYSE:BA) by 12.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 6,273 shares of the aircraft producer’s stock after selling 896 shares during the quarter. Busey Bank’s holdings in Boeing were worth $1,110,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BA. AdvisorNet Financial Inc grew its position in shares of Boeing by 54.2% during the fourth quarter. AdvisorNet Financial Inc now owns 2,021 shares of the aircraft producer’s stock valued at $358,000 after purchasing an additional 710 shares in the last quarter. Carnegie Investment Counsel lifted its stake in Boeing by 175.6% in the fourth quarter. Carnegie Investment Counsel now owns 4,619 shares of the aircraft producer’s stock worth $818,000 after purchasing an additional 2,943 shares during the last quarter. Rockefeller Capital Management L.P. lifted its stake in shares of Boeing by 8.8% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 473,917 shares of the aircraft producer’s stock worth $72,075,000 after acquiring an additional 38,300 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Boeing by 6.1% during the third quarter. Principal Financial Group Inc. now owns 666,244 shares of the aircraft producer’s stock valued at $101,296,000 after purchasing an additional 38,332 shares during the period. Finally, Jennison Associates LLC boosted its position in Boeing by 9.9% in the 3rd quarter. Jennison Associates LLC now owns 6,700,706 shares of the aircraft producer’s stock valued at $1,018,775,000 after buying an additional 602,143 shares during the period. Institutional investors own 64.82% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on BA shares. Citigroup dropped their price target on Boeing from $209.00 to $207.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. Northcoast Research raised Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. Wells Fargo & Company upped their price objective on shares of Boeing from $85.00 to $103.00 and gave the company an “underweight” rating in a report on Wednesday. Susquehanna raised their target price on Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a research note on Wednesday. Finally, UBS Group raised their price target on shares of Boeing from $208.00 to $217.00 and gave the stock a “buy” rating in a research report on Wednesday. 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 issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $195.00.

Boeing Trading Up 3.3 %

BA stock opened at $179.47 on Friday. The business’s 50-day moving average is $168.24 and its 200 day moving average is $164.26. The Boeing Company has a 12-month low of $137.03 and a 12-month high of $214.63. The stock has a market cap of $110.95 billion, a price-to-earnings ratio of -13.91 and a beta of 1.52.

Boeing (NYSE:BA) last issued its quarterly 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 last year, the business earned ($0.47) EPS. As a group, equities analysts forecast that The Boeing Company will post -16.39 EPS for the current fiscal year.

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.