1,415 Shares in The Boeing Company (NYSE:BA) Bought by First National Bank of Hutchinson

First National Bank of Hutchinson purchased a new stake in shares of The Boeing Company (NYSE:BA) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 1,415 shares of the aircraft producer’s stock, valued at approximately $215,000.

Several other institutional investors have also recently bought and sold shares of BA. Madison Park Capital Advisors LLC lifted its position in shares of Boeing by 4.9% in the 2nd quarter. Madison Park Capital Advisors LLC now owns 1,204 shares of the aircraft producer’s stock worth $219,000 after purchasing an additional 56 shares during the period. Wealth Alliance Advisory Group LLC lifted its holdings in Boeing by 1.6% in the second quarter. Wealth Alliance Advisory Group LLC now owns 3,798 shares of the aircraft producer’s stock worth $691,000 after buying an additional 60 shares during the period. Angeles Wealth Management LLC lifted its holdings in Boeing by 4.2% in the first quarter. Angeles Wealth Management LLC now owns 1,524 shares of the aircraft producer’s stock worth $294,000 after buying an additional 61 shares during the period. IMS Capital Management boosted its position in Boeing by 0.4% during the 2nd quarter. IMS Capital Management now owns 16,032 shares of the aircraft producer’s stock valued at $2,759,000 after acquiring an additional 62 shares in the last quarter. Finally, Meeder Advisory Services Inc. grew its holdings in shares of Boeing by 0.9% during the 1st quarter. Meeder Advisory Services Inc. now owns 7,559 shares of the aircraft producer’s stock worth $1,459,000 after acquiring an additional 65 shares during the period. Institutional investors and hedge funds own 64.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Wells Fargo & Company dropped their price target on Boeing from $110.00 to $109.00 and set an “underweight” rating on the stock in a research report on Monday, October 14th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Boeing from $225.00 to $195.00 and set a “buy” rating on the stock in a report on Thursday, October 3rd. Morgan Stanley decreased their price target on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a research note on Friday, October 18th. Sanford C. Bernstein cut their price objective on shares of Boeing from $207.00 to $195.00 and set an “outperform” rating on the stock in a report on Thursday, October 17th. Finally, Susquehanna lowered their target price on shares of Boeing from $230.00 to $210.00 and set a “positive” rating for the company in a report on Thursday, October 17th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $198.79.

Boeing Price Performance

Shares of BA opened at $157.06 on Thursday. The firm has a market capitalization of $96.42 billion, a P/E ratio of -44.24 and a beta of 1.57. The Boeing Company has a one year low of $146.02 and a one year high of $267.54. The business has a fifty day moving average of $160.61 and a 200 day moving average of $172.01.

Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.00) by ($1.90). The business had revenue of $16.87 billion during the quarter, compared to analyst estimates of $17.35 billion. During the same period in the prior year, the company posted ($0.82) EPS. The firm’s revenue for the quarter was down 14.6% on a year-over-year basis. Analysts expect that The Boeing Company will post -5.35 EPS for the current fiscal 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.