Associated Banc Corp Sells 4,700 Shares of The Boeing Company (NYSE:BA)

Associated Banc Corp trimmed its stake in shares of The Boeing Company (NYSE:BA) by 14.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,799 shares of the aircraft producer’s stock after selling 4,700 shares during the quarter. Associated Banc Corp’s holdings in Boeing were worth $4,920,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Assetmark Inc. grew its position in shares of Boeing by 65.2% in the 3rd quarter. Assetmark Inc. now owns 1,057 shares of the aircraft producer’s stock worth $161,000 after buying an additional 417 shares during the last quarter. KBC Group NV grew its position in shares of Boeing by 5.1% in the 3rd quarter. KBC Group NV now owns 45,583 shares of the aircraft producer’s stock worth $6,930,000 after buying an additional 2,201 shares during the last quarter. Zions Bancorporation N.A. grew its position in shares of Boeing by 85.4% in the 3rd quarter. Zions Bancorporation N.A. now owns 1,550 shares of the aircraft producer’s stock worth $236,000 after buying an additional 714 shares during the last quarter. CIBC Asset Management Inc grew its position in shares of Boeing by 8.9% in the 3rd quarter. CIBC Asset Management Inc now owns 89,401 shares of the aircraft producer’s stock worth $13,593,000 after buying an additional 7,295 shares during the last quarter. Finally, Empowered Funds LLC grew its position in shares of Boeing by 3.5% in the 3rd quarter. Empowered Funds LLC now owns 15,006 shares of the aircraft producer’s stock worth $2,282,000 after buying an additional 505 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Boeing

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the business’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $180.69, for a total transaction of $570,799.71. Following the completion of the sale, the executive vice president now owns 19,213 shares of the company’s stock, valued at approximately $3,471,596.97. The trade was a 14.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.16% of the stock is currently owned by corporate insiders.

Boeing Stock Performance

Boeing stock opened at $162.00 on Friday. The stock has a market cap of $121.51 billion, a PE ratio of -8.84 and a beta of 1.53. The Boeing Company has a one year low of $137.03 and a one year high of $196.95. The stock has a fifty day moving average of $173.23 and a 200 day moving average of $163.62.

Boeing (NYSE:BA) last posted its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same quarter in the prior year, the firm posted ($0.47) earnings per share. As a group, sell-side analysts predict that The Boeing Company will post -2.58 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company lifted their price objective on Boeing from $85.00 to $103.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 29th. Northcoast Research upgraded Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. StockNews.com upgraded Boeing to a “sell” rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft lifted their price target on Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, January 2nd. Finally, UBS Group lifted their price target on Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, eight have given 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, Boeing has a consensus rating of “Moderate Buy” and a consensus price target of $195.16.

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.