Horizon Bancorp Inc. IN Has $303,000 Stake in The Boeing Company (NYSE:BA)

Horizon Bancorp Inc. IN reduced its position in shares of The Boeing Company (NYSE:BA) by 19.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,710 shares of the aircraft producer’s stock after selling 416 shares during the quarter. Horizon Bancorp Inc. IN’s holdings in Boeing were worth $303,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. lifted its position in Boeing by 8.8% during the third quarter. Rockefeller Capital Management L.P. now owns 473,917 shares of the aircraft producer’s stock worth $72,075,000 after purchasing an additional 38,300 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Boeing by 6.1% in the 3rd 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 in the last quarter. Jennison Associates LLC lifted its position in shares of Boeing by 9.9% during the 3rd quarter. Jennison Associates LLC now owns 6,700,706 shares of the aircraft producer’s stock worth $1,018,775,000 after buying an additional 602,143 shares during the last quarter. World Investment Advisors LLC lifted its holdings in shares of Boeing by 243.4% in the third quarter. World Investment Advisors LLC now owns 5,381 shares of the aircraft producer’s stock worth $818,000 after acquiring an additional 3,814 shares during the last quarter. Finally, EWG Elevate Inc. acquired a new stake in shares of Boeing in the 4th quarter valued at approximately $848,000. 64.82% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on BA shares. Morgan Stanley lowered their target price on Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft lifted their target price on Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, January 2nd. Wells Fargo & Company lowered their price objective on Boeing from $86.00 to $85.00 and set an “underweight” rating for the company in a research report on Monday, November 4th. Sanford C. Bernstein cut Boeing from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $195.00 to $169.00 in a report on Wednesday, October 30th. Finally, Susquehanna cut their price target on shares of Boeing from $210.00 to $200.00 and set a “positive” rating on the stock in a research report on Thursday, October 24th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $192.21.

Boeing Stock Down 0.8 %

Shares of BA stock opened at $170.56 on Tuesday. The Boeing Company has a 52 week low of $137.03 and a 52 week high of $217.59. The firm has a market capitalization of $105.44 billion, a PE ratio of -13.22 and a beta of 1.52. The company has a 50 day moving average price of $161.70 and a 200-day moving average price of $165.07.

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