Horizon Bancorp Inc. IN Sells 729 Shares of The Boeing Company (NYSE:BA)

Horizon Bancorp Inc. IN lessened its stake in shares of The Boeing Company (NYSE:BA) by 25.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,126 shares of the aircraft producer’s stock after selling 729 shares during the period. Horizon Bancorp Inc. IN’s holdings in Boeing were worth $323,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. NorthCrest Asset Manangement LLC raised its holdings in shares of Boeing by 3.1% in the third quarter. NorthCrest Asset Manangement LLC now owns 62,188 shares of the aircraft producer’s stock valued at $9,455,000 after acquiring an additional 1,882 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in Boeing by 28.3% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 480,246 shares of the aircraft producer’s stock worth $75,072,000 after buying an additional 105,853 shares in the last quarter. Louisiana State Employees Retirement System lifted its holdings in Boeing by 1.2% during the third quarter. Louisiana State Employees Retirement System now owns 33,000 shares of the aircraft producer’s stock worth $5,017,000 after buying an additional 400 shares during the period. Legacy Wealth Asset Management LLC increased its holdings in shares of Boeing by 1.4% in the 3rd quarter. Legacy Wealth Asset Management LLC now owns 5,465 shares of the aircraft producer’s stock valued at $831,000 after acquiring an additional 76 shares during the period. Finally, Massachusetts Wealth Management raised its position in shares of Boeing by 23.9% in the 3rd quarter. Massachusetts Wealth Management now owns 4,230 shares of the aircraft producer’s stock worth $643,000 after acquiring an additional 815 shares in the last quarter. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Boeing Stock Down 0.1 %

Shares of BA stock traded down $0.19 during mid-day trading on Friday, hitting $155.01. 8,152,969 shares of the stock were exchanged, compared to its average volume of 8,128,691. The company has a market cap of $95.16 billion, a PE ratio of -43.65 and a beta of 1.57. The firm has a fifty day moving average of $159.68 and a 200 day moving average of $171.70. The Boeing Company has a 52-week low of $146.02 and a 52-week high of $267.54.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The firm had revenue of $17.84 billion during the quarter, compared to analyst estimates of $17.81 billion. During the same period in the previous year, the business earned ($3.26) EPS. Boeing’s quarterly revenue was down 1.5% on a year-over-year basis. Equities analysts predict that The Boeing Company will post -5.35 EPS for the current year.

Analysts Set New Price Targets

BA has been the subject of several recent analyst reports. Benchmark reiterated a “buy” rating and set a $250.00 price objective on shares of Boeing in a research note on Thursday. Stifel Nicolaus increased their price objective on shares of Boeing from $230.00 to $235.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. DZ Bank downgraded shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 target price on the stock. in a research report on Tuesday, October 15th. Wells Fargo & Company decreased their price target on shares of Boeing from $109.00 to $86.00 and set an “underweight” rating for the company in a report on Thursday. Finally, UBS Group dropped their price objective on shares of Boeing from $215.00 to $195.00 and set a “buy” rating on the stock in a report on Thursday. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $191.79.

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.