2,832 Shares in The Boeing Company (NYSE:BA) Purchased by HTLF Bank

HTLF Bank acquired a new position in The Boeing Company (NYSE:BA) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 2,832 shares of the aircraft producer’s stock, valued at approximately $738,000.

Other hedge funds also recently bought and sold shares of the company. CNB Bank increased its position in Boeing by 106.5% in the 3rd quarter. CNB Bank now owns 128 shares of the aircraft producer’s stock worth $25,000 after purchasing an additional 66 shares during the last quarter. True Wealth Design LLC acquired a new position in shares of Boeing during the 4th quarter valued at about $33,000. Park Place Capital Corp increased its holdings in shares of Boeing by 185.1% during the 3rd quarter. Park Place Capital Corp now owns 211 shares of the aircraft producer’s stock valued at $40,000 after acquiring an additional 137 shares during the last quarter. Industrial Alliance Investment Management Inc. acquired a new position in shares of Boeing during the 4th quarter valued at about $41,000. Finally, Fortis Capital Advisors LLC increased its holdings in shares of Boeing by 100.0% during the 1st quarter. Fortis Capital Advisors LLC now owns 200 shares of the aircraft producer’s stock valued at $42,000 after acquiring an additional 100 shares during the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

BA has been the topic of a number of research analyst reports. Northcoast Research lowered Boeing from a “neutral” rating to a “sell” rating and set a $140.00 target price on the stock. in a report on Wednesday. TD Cowen lowered their target price on Boeing from $275.00 to $230.00 and set an “outperform” rating on the stock in a report on Monday, March 25th. Citigroup lowered their target price on Boeing from $263.00 to $252.00 and set a “buy” rating on the stock in a report on Thursday, March 28th. Edward Jones lowered Boeing from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Finally, Morgan Stanley reduced their price objective on Boeing from $235.00 to $180.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 10th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $229.35.

Boeing Trading Down 0.2 %

Shares of BA opened at $169.84 on Friday. The stock has a fifty day moving average price of $190.29 and a two-hundred day moving average price of $207.16. The Boeing Company has a 52-week low of $167.53 and a 52-week high of $267.54.

Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.72) by $0.25. The business had revenue of $22.02 billion during the quarter, compared to the consensus estimate of $21.14 billion. The company’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($1.75) EPS. Analysts expect that The Boeing Company will post 0.32 earnings per share for the current 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.