The Boeing Company (NYSE:BA) Shares Purchased by Indiana Trust & Investment Management Co

Indiana Trust & Investment Management Co boosted its holdings in The Boeing Company (NYSE:BA) by 19.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,205 shares of the aircraft producer’s stock after buying an additional 200 shares during the period. Indiana Trust & Investment Management Co’s holdings in Boeing were worth $213,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State Street Corp grew its holdings in Boeing by 2.3% in the third quarter. State Street Corp now owns 27,778,195 shares of the aircraft producer’s stock valued at $4,223,397,000 after purchasing an additional 636,594 shares during the period. Geode Capital Management LLC grew its stake in shares of Boeing by 2.8% during the 3rd quarter. Geode Capital Management LLC now owns 11,719,794 shares of the aircraft producer’s stock valued at $1,774,705,000 after buying an additional 320,415 shares during the period. Jennison Associates LLC grew its stake 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 valued at $1,018,775,000 after buying an additional 602,143 shares during the period. Fisher Asset Management LLC increased its holdings in shares of Boeing by 6.0% during the 3rd quarter. Fisher Asset Management LLC now owns 4,866,857 shares of the aircraft producer’s stock worth $739,957,000 after buying an additional 277,350 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Boeing by 1.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,196,648 shares of the aircraft producer’s stock valued at $486,018,000 after acquiring an additional 48,637 shares during the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Price Performance

BA opened at $180.51 on Wednesday. The Boeing Company has a 12-month low of $137.03 and a 12-month high of $209.80. The stock has a market capitalization of $135.39 billion, a PE ratio of -9.85 and a beta of 1.52. The firm’s fifty day moving average price is $172.70 and its 200 day moving average price is $163.99.

Boeing (NYSE:BA) last issued its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same quarter last year, the business posted ($0.47) EPS. On average, equities research analysts forecast that The Boeing Company will post -2.3 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have commented on BA shares. Royal Bank of Canada restated an “outperform” rating and set a $200.00 price target on shares of Boeing in a research note on Wednesday, January 29th. Morgan Stanley dropped their target price on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a research report on Thursday, October 24th. Citigroup raised their price target on shares of Boeing from $207.00 to $210.00 and gave the company a “buy” rating in a report on Monday. Barclays upgraded shares of Boeing from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $190.00 to $210.00 in a research note on Monday, January 6th. Finally, Susquehanna raised their target price on shares of Boeing from $200.00 to $205.00 and gave the company a “positive” rating in a research note on Wednesday, January 29th. Two investment 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’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $195.16.

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.